Word: grounde
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...wasn't always this way. A few decades ago, London's three-centuries-old role as one of the world's great business cities seemed threatened by overregulation. While the government dumped controls regulating foreign exchange in 1979, London continued to lose ground to other financial hubs because its equities market remained a closed shop. Long abolished in New York, minimum commissions on the London exchange killed price competition and risked turning the city's securities market into a backwater as money managers went elsewhere for a better deal. But in 1986, sweeping deregulation known as the Big Bang finally...
...Having cemented its leadership in Europe, London today is quickly gaining ground on New York City. While the combined market capitalizations of U.S. companies listed on the n.y.s.e. and nasdaq dwarf the City's London Stock Exchange (lse), London has proved far better at attracting the new share listings that investment banks crave. In 2006, for example, 91 foreign companies chose to sell new shares on London's stock exchanges - more than four times the number of overseas listings in New York, according to consultants PricewaterhouseCoopers. London's smaller domestic business means that "if you're going to flourish...
...seconds left and then held on the victory. The loss was the first at home for Harvard this season.“I think we just needed more grit,” co-captain Julie Chu said. “They didn’t run us into the ground, they didn’t run circles around us. Maybe that little extra grit is what we needed.”A day later, the Crimson edged the Golden Knights after managing just two shots on net in the first period and going down 2-0 in the second period.The...
...with shouts of "Ya Hussein!" (Oh Hussein!) and "Islam Zindabad!" (Long Live Islam!), a few move to the middle of the circles, chain flails gripped in both hands. The chest pounding grows stronger, quicker and louder. Following the rhythm, the men in the middle crouch down, spring from the ground and use the full force of acceleration to slam the flails down on their exposed backs. Bruises bloom, dark and malevolent, but their faces register no pain, only grief, or an almost otherworldly conviction...
...wake of the Taliban ground offensive in southern Afghanistan last summer and fall, Afghan officials pledged to have 70,000 soldiers and 82,000 police officers deployed by October 2008, years ahead of schedule. But the Afghans have been pleading for help to fund the recruitment, training and equipping of those forces - and aid has been surprisingly slow in coming. Only recently, according to Jawad, has the Afghanistan government been able to raise the pay of Afghan soldiers from $70 to $100 a month. If the new U.S. aid package goes through, Jawad told TIME, the government will also...