Word: lynch
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...money managers went elsewhere for a better deal. But in 1986, sweeping deregulation known as the Big Bang finally blew things wide open. Out went the late starts, long lunches and cartel practices beloved of London's fusty gents. In came U.S. investment bankers toiling for Goldman Sachs, Merrill Lynch and others, and, with them, a vital injection of talent and competitive instincts...
...down-home humor, cool confrontation and condescending courtliness, Spokesman Larry Speakes said he would be leaving in two months. He is not, however, being driven away by the scandal. For months he has been negotiating for a $250,000-a-year job as head of public relations for Merrill Lynch, the Wall Street investment firm once headed by Donald Regan. When reporters asked how he could leave in the middle of a crisis, Speakes replied that two months would be "enough time to serve the President in the current situation...
...Juan del Sur's Sandinista Mayor, Eduardo Holmann, says the event led to a heated phone exchange with U.S. Ambassador Paul Trivelli. "He told me you don't have lynch mobs in a civilized country, and I told him, 'Yeah, didn't you use to lynch blacks in the United States...
...probably never know. In the aftermath of Lynch's decision, the parties are talking settlement. Doe will get compensated, while the sergeant will pay with his name. If that makes the judge look mean, then maybe it's the sergeant, not Doe, who should complain...
...most surprising, American consumers are continuing to spend, regardless: automobile purchases are sluggish, but retail sales rose by a higher-than-forecast 0.9% in December. "I'm not prepared to bet against the American consumer. That's a highly dangerous proposition," says Jesper Koll, chief Japan economist for Merrill Lynch...