Word: stanley
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...Earlier this month, the government announced that it planned to quickly inject $125 billion of the $700 billion economic rescue package into nine of the nation's largest financial firms, including Wall Street titans Goldman Sachs and Morgan Stanley, as well as Bank of America, which recently acquired securities firm Merrill Lynch. That, along with other Treasury Department moves to rescue Wall Street, will mean the wallets of many investment bankers will be fatter than they would have been...
...government's money directly, but in the case of Morgan Stanley and Goldman Sachs, they were facing a severe crunch," says analyst Brad Hintz, who covers financial firms at Sanford Bernstein and is a former chief financial officer of Lehman Brothers. "Had it not been for the government's help in refinancing their debt, they may not have had the cash to pay bonuses." When asked, the Treasury would not comment directly on Wall Street's bonus plans, though spokeswoman Brookly McLaughlin did reiterate the bailout's intent. "There is broad agreement that the Treasury's capital purchase program...
Exactly two weeks after Mitsubishi UFJ Financial Group, Japan's top lender, tossed a $9-billion lifeline to Morgan Stanley - in exchange for a 21% stake - Mitsubishi UFJ is in need of some help itself. On Monday, Japan's largest bank said that it needs to raise $10.7 billion in capital and will be selling common and preferred shares. It was negative news following negative news. Less than one week ago, Mitsubishi UFJ downgraded its net profit for the first half of the year to about half of what it was last year at this time. Japan's Nikkei index...
...this single-minded quest. Brawls and lawsuits over "Pretty Bird" - a "cherry red" belt whose "silver tanks shone so brightly you could comb your hair in their reflection" - spiral into a sordid tale of murder, kidnapping and torture. After being sentenced to life imprisonment, one of the perpetrators, Larry Stanley - "paunchy, graying, defeated, and washed-up at fifty-seven" - tallies the price of his dream: "My search for the rocket belt has cost me more than half a million dollars and left my family destitute and on food stamps...
Some acquaintances say that Soetoro-Ng has the independent spirit of her mother, Stanley Ann, who took young Maya along when she went to Indonesia and Africa to pursue her master's and doctoral degrees studying and helping village craftsmen (Barack was left behind to be raised by Madelyn Dunham and her late husband Stanley in the 10th story Beretania duplex in the Makiki area of Honolulu). Nevertheless, cautioned by her brother's campaign advisers, Soetoro-Ng always watches her words, knowing how easily the words of a relative can reflect in unintended ways on the candidate...