Word: netful
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...point. Net job losses among banking and insurance businesses in the City will hit 10,000 before 2011, according to Experian, the credit services company. Hardly a good time to be marketing empty office space; commercial real estate firm Atisreal says banking and finance firms are currently taking just 110,000 sq ft (10,200 sq m) of City space in a three-month quarter. Throughout 2005 and 2006, the take-up rate averaged more than four times the current level. The flatter demand will drive down rents in the City by 16% this year, Atisreal estimates, and a further...
...halftime at the Olympic Sports Center Gymnasium on Tuesday afternoon. Sneakers squeak on the court as the French and Chinese players warm up; they practice their dribbling with both hands and perfect their jump-shot techniques. Nothing but net! The game resumes. China comes out in a tight zone defense. France passes the ball around the perimeter, creating open shots for its players. France's Christophe Kempe posts up his man and hits a turnaround shot. The French take control. Inane music, like the opening chords of We Will Rock You, blares over the loudspeaker while the teams are playing...
Sure, there's a goalie there, but think about it: you get to throw a little ball into a fairly big net. Soccer is hard precisely because you can't use your hands; it's difficult to control a ball with your feet. Here, just grip it and rip it. Basketball is tricky because the hoop is 10 ft. off the ground and relatively tiny. Here, throw it high, throw it low, you will score...
King, though a willing partner, is a bit more cautious about the experiment's potential for success. "I kind of soft-pedaled everybody's expectations for this," he says. "People who surf the Net are hop-toady about it. They'll find something and alight on it for a while, and then their interest wanes and they'll go somewhere else. It's so quirky as to what's going to work and what's not." And though, as one of the top-selling fiction authors of all time, King doesn't have to worry about selling books in large...
...customers that their money was safe. It had little effect. A senior Georgian banking official told me that the equivalent of $100 million, or 3% of the country's total deposit base, was withdrawn from the National Bank of Georgia on Monday alone. Most normal days see a net increase in deposits. The State Bank of Georgia late Monday night declared a bank "holiday" for Tuesday...