Word: quarterly
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...only weathered the crisis but continued to prosper. Last year, during the height of the economic storm, the bank's pretax profits surged 19%, while assets increased 32% to $435 billion. This was no fluke: StanChart in early May said it achieved record profits in the first quarter of 2009, and its London-listed shares have doubled since March. Such a stellar performance during the worst recession in decades has placed StanChart in the enviable position of being able to gain market share and key talent at the expense of its competition. Standard Chartered CEO Peter Sands...
...substantiated, of drug use. (Early this year, after enduring Joaquin Phoenix's epic of incoherence, Letterman said, "We owe an apology to Farrah Fawcett.") A post-Majors boyfriend, screenwriter James Orr, was charged with battering her for rejecting his marriage proposal. And she somehow endured a mostly on-again quarter-century relationship with the legendarily truculent Ryan O'Neal, once the charming star of Love Story, later the provocateur of so much domestic misery that he was dubbed "Hollywood's worst father" by the British Daily Mail. (Fawcett's and O'Neal's son Redmond has suffered numerous drug busts...
However, that money is found nowhere in the federal budget - and not even in the stimulus bill, which dedicated more than $8 billion to transit capital improvements. In Washington, Metro officials said they have wanted to replace outdated cars, which make up more than a quarter of the total system, but couldn't for lack of funds. "The Metro, like most of our larger public-transit system, has suffered from a lack of public resources," says David Goldberg, the communications director for the transit advocacy group Transportation for America...
...Recruiters are likewise admitting to better vibes. "We're starting to see some of those famous green shoots," says Peter Felix, President of the Association of Executive Search Consultants. The $11 billion executive search industry took a dive in the first quarter of the year, with average net revenues tumbling 38% from 2008. But now that things have hit rock bottom for headhunters, they're seeing companies once again ask for help in filling crucial top spots. "There's a limit to how long you can hold your breath," says Felix. "Things are beginning to ease up a bit. Companies...
...billion stimulus package. Sanford led a group of GOP governors, including Alaska's Sarah Palin and Louisiana's Bobby Jindal, assailing it as fiscal suicide. Sanford even likened it to the hyper-inflationary policies of Zimbabwean dictator Robert Mugabe, and he spent the past spring fighting to reject a quarter of South Carolina's $2.8 billion share of the funds unless he could use it to reduce the state's debt...