Word: hub
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Another factor that helped make Canada the new gold standard in banking was Ottawa's decision in the late 1980s to allow commercials banks to acquire investment dealers on Toronto's Bay Street, the country's financial hub. As a result, these institutions are subject to the same strict rules as commercial banks, while U.S. investment dealers are subject to only light supervision from the Securities and Exchange Commission. Morgan Stanley and Goldman Sachs, of course, will now be under the U.S. Federal Reserve's supervision since they have been chartered as bank-holding companies...
Nobody is calling it a bust--not yet, anyway. Small to midsize builders like Ahmed are still operating, and 70,000 visitors attended Dubai's Cityscape property show recently, where projects worth some $180 billion were announced. Yet Dubai is vulnerable. As the gulf's business, transportation and tourism hub, it is more entwined with the global economy than many of its neighbors. And Dubai never enjoyed the profits from oil and natural gas that enabled sister emirate Abu Dhabi to amass a vast financial cushion...
...bite the bullet and file the paperwork.” Since the first week of September, he has been interning at the Obama for America National Campaign Headquarters in Chicago. He works for the office’s “south pod,” the main communications hub for all the southern states...
...they were hooked—and for whom extreme sexual tension causes many an awkward moment. They live together in a dingy apartment, where the only source of heat is an ignited trashcan that constantly crackles in the background. Zack works in the local coffee shop, a warmly lit hub run by an old Indian man who speaks as eloquently as his colleagues, telling Rogan and his associate Delaney (Craig Robinson), “I hate both of you ebony and ivory fuckers.” The film begins with Zack and Miri’s 10-year high school...
...itself into Europe's indispensable financial center. Leaving Frankfurt and Paris in the dust and encouraged by the policies of Gordon Brown, the current British Prime Minister, it has become a magnet for people, jobs and investment from around the world. The big U.S. banks made London their international hub, and the major banks of continental Europe moved much of their trading and investment-banking operations there. About 70% of international bonds, one-third of the world's foreign exchange and almost half the total volume of international equities are traded in London--more even than in New York City...