Word: golden
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With Bear shareholders virtually wiped out, half the firm's employees slated to lose their jobs and no golden parachutes offered to the top executives, it wasn't a bailout. But it did take a $30 billion loan from the Fed to seal the deal. This was a truly extraordinary use of the central bank's powers and an indication that the subprime-mortgage crisis that erupted last summer has evolved into something bigger and more ominous--possibly the greatest challenge to the American way of financial capitalism since the Depression...
...simply wrong,” he emphasized that those in the newspaper business “need to experiment.” Shorenstein Center Director Alex S. Jones, who introduced Steiger last night, said that the former managing editor is attempting to “keep the golden age [of newspaper journalism] alive” through his work as editor in chief and president of ProPublica, an independent non-profit that Jones described as resisting the current trend of newspapers to allow “investigative journalism to disappear.” ProPublica offers free investigative material to newspapers...
...Union Square, is a new way to take part in Warhol mania. Drawing inspiration from Warhol's years working at the Factory, as well as from his prolific Flowers screenprints, the fragrance is a daring mix of sweet and sensual notes from lily of the valley, blue freesia and golden amber. Warhol's energetic Flowers come alive in fuchsia, red and yellow on the bottle. The fragrance is available this month in 50-ml or 100-ml flacons, or as a portfolio of 10 bottles, each featuring a different version of the screenprint...
...Golden Door, the storied California spa that paved the way for the wellness facilities flooding the market today, celebrates its 50th anniversary this year. For the first time, the spa?just the second in the U.S.?will offer the option of brief three- and four-day stays ($3,625-$4,725; goldendoor.com as opposed to one week...
...wrong outlook on the economy, when it has a political take on the economy, I think these problems come about. We need more reason and farsightedness on the economy, not just looking at our own tenure but beyond that. Otherwise I think the rise in oil prices was a golden opportunity that the government not only didn't take advantage of, but even turned it into a threat to domestic production because of the high volume of imports that the government pursued with the oil money...