Word: slacks
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...Williams, was that "these pristine organizations were shown to be pretty sloppily run." Take UBS, the world's largest asset manager. Exposure to the U.S. mortgage market at its investment-banking unit has triggered $37 billion in write-downs over the last few months. Spooked by these signs of slack judgment, some private-banking clients have yanked their cash; shareholders have even called for the investment and private-banking units to be split. C. Hoare & Co., meanwhile, with neither an investment-banking unit nor any direct exposure to subprime assets, has seen cash pour in from customers seeking safety...
...While it’s easy enough to justify a site like this with a few a solid soundbites—“engaging open discussion” instead of “helping students slack off”—doubts over the legitimacy of TheFinalClub.org still remain. But the professors and TFs that one would expect to oppose the site most are highly supportive...
Examining these recent political sex scandals leads to a less than idyllic picture of marriage. Through it all, it seems that where love falters, public image maintenance and power relations are waiting to pick up the slack...
...rising-sales tide isn't lifting all boats. Sales of smaller yachts are somewhat adrift. For instance, demand for Sunseeker's $550,000, 44-ft. (13 m) Superhawk 43 is languishing. "The top end is pulling the industry along," says Ed Slack, editor of International Boat Industry...
Sunseeker built 318 boats last year, but Braithwaite doesn't expect to better that pace five years from now. Why bother? He can keep revenues climbing by building bigger instead. Rapid growth in Asia, the Middle East and Eastern Europe, particularly Russia, is taking up the slack in the U.S. and Western Europe, where sales are softer. "An explosion in the client base" of high-net-worth individuals is generating sales, says Vincenzo Cannatelli, Ferretti's CEO. These aren't people who flinch at high fuel costs. "Many of our customers are making money from the price of oil," Cannatelli...