Word: parred
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...July 14, Goldman Sachs posted second-quarter profits of $3.44 billion, more than the company made in all of 2008 and about on par with the precrisis gilded age, while announcing that it had set aside $11.4 billion this year to compensate workers, or $386,489 per employee. The huge profits were hailed on Wall Street as another sign that the crisis might be ending. On July 15, the Dow Jones industrial average jumped 3.1%, and other banking giants are expected to issue their own similarly glowing reports. On July 16, JPMorgan announced that it had earned $2.7 billion...
...What's even worse, this Open was supposed to have significant recession-fighting qualities. The location is advantageous - Bethpage Black is just a par-5 from New York City, a ravenous sports market whose economy hasn't completely crashed. The fans would be loud and ready to spend. Also, terrific story lines were going to amp up even more interest - Tiger Woods, who got through six holes on Thursday and was one over par, trying to repeat as U.S. Open champ; New York fan favorite Phil Mickelson playing in his first major since his wife was stricken with breast cancer...
...some would say anal retentive, to being with. They hate it when a fan accidentally clicks a camera during their swing. Think they like playing with drizzle in their face? "They should have called it off one or two holes earlier," says Steve Stricker, who finished at one over par on the sixth hole. When their rhythm is disrupted, the carping will commence. "It's such a hard golf course anyway," says veteran Fred Funk. "Add the elements to it, your ball is not going anywhere, it's not rolling anywhere, your body is not moving. Everything is working against...
...Ayatullah Hossein-Ali Montazeri, publicly condemning Khamenei's handling of the election and warning ordinary soldiers and police officers that they would "answer to God" for any violence against the people. A crackdown would risk reducing a regime built on clerical authority and "managed" democracy to a tyranny on par with the Shah's. Khamenei will be reluctant to go that route. But his handling of the political crisis thus far will have deepened long-standing skepticism within the clergy about his abilities as Supreme Leader. A harsh crackdown, even if followed by reforms, would solve an immediate crisis...
...That Iranians buried their cynicism and turned out in such record numbers to vote is what makes this such a bleak and precarious moment for the nation. Any vestige of legitimacy that the government might have had in many Iranians' eyes is now irrevocably lost. Iran is now on par with nations like Egypt and Syria, where leaders are elected by 99% of the vote in sham elections that bear no pretense to democracy...