Word: specializing
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...What might have derailed the good feeling about a big recovery in the economy was the announcement of retail sales for last month. They were well down compared to last year, but, in Wall St.'s special language "not as bad as expected...
Late last month, two Senators and three Congressmen sent a two-page, single-spaced letter with 10 questions to the IRS asking for direction in resolving a series of important questions regarding Madoff and Ponzis, such as whether there will be special extensions for victims. The letter also suggested setting up a special "Madoff unit" to process claims. (Read more about Ponzi schemes...
...slash labor costs by 25% caught the industry by surprise because it breaks with the time-honored tradition of pattern bargaining - in which an agreement by one of the automakers with the union sets the pattern for the others. Earlier this week the CAW gave up a special annual bonus and agreed to a reduction in paid time off in reaching a deal with General Motors. But that deal was criticized by some in the industry as insufficient. Indeed, Ford Motor Co. said Friday it will also reject the GM-CAW deal for not cutting costs enough. (See portraits...
...glory, there's nowhere like the Southie parade on Sunday. It starts at 1 pm from the Broadway T-stop on the Red Line. Every Irish pub in town is trying to prove its about more than green beer, and the Globe has a round-up of places offering special Irish menus...
...remains fairly safe in Mexico because of his influence and his ability to corrupt." - Jack Riely, special agent in charge of the U.S. Drug Enforcement Administration's El Paso division (National Public Radio, July...