Word: peakes
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...every reason to be scared, because financial services have a record of retrenching fast in a crisis. And the business in some sectors has evaporated. The volume of mergers and acquisitions, for example, is down about two-thirds from its peak in 2006, while the public stock offerings that made the London Stock Exchange an international shooting star have fizzled. Given the role played by arcane financial engineering in triggering the current crisis--the troubles at AIG, for example, stem largely from its freewheeling London financial-products division--the future looks especially bleak for people working in structured finance...
...From Raising Steaks, on rodeos: "With indoor rodeos, what you first notice is the smell, a combination of dirt, dung, hay, sweat, boredom, excitement, and fear. What you notice second are red, white, and blue flags in every shape and size hung like laundry...At the Pike's Peak Rodeo in Colorado Springs in August 2004, an Air Force general opens the show with 'Our boys over there are lassoing terrorists, they're riding herd, so let's RODEO!' The audience cheers. The emcee announces that Julia Child died today and that her favorite meal was 'Read meat...
...11th year of his third (or is it his fourth?) creative peak, it’s pointless to talk about Bob Dylan outside of the context of the shadow he casts over the American musical landscape. The man is an institution, and, if he lives another 67 years, it goes without saying that critics will keep on leaning over one another to hear what new and indivisible truths he’s plucked from the ether and placed in his music. His last album, the vibrant and meditative “Modern Times,” cemented yet another victorious...
...Winning Eastern Sprints was a really great experience,” Bucke said. “But definitely winning IRAs, winning the national championships, was [my favorite part of the season].”He added that the comaraderie of the sophomore class probably helped them achieve their peak performance last season.“It’s a very talented group of guys, and I feel that as a class we’re very close,” he said. “That really helps a lot and brings the squad together as you do literally...
...Rising mortgage rates could also put downward pressure on housing prices, which have already dropped 20% since their peak in July of 2006, according to the S&P/Case-Shiller Home Price index. The increase in mortgage rates means that the average borrower will pay $1,296 a month in mortgage payment for a $200,000 loan. That's $100 more a month, and $1,200 more a year, than the same loan would have cost them a few weeks ago. For buyers on a budget, that means they can afford less house for the same amount of money. Conversely, sellers would...