Word: stanleys
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...problems. Jacob A. Frenkel, a former governor of the Bank of Israel who is vice chairman of insurer American International Group, is concerned about increased calls for protectionism, including by U.S. Senator Charles Schumer. Most worried of all is Stephen S. Roach, chief economist at U.S. investment bank Morgan Stanley who for several years has warned that the U.S.'s borrowing and consumption binge will come to a bad end, including a likely fall in the value of the dollar. The problems haven't gone away even if the dollar remains buoyant, he said, warning of a "dangerous degree...
...bank has a global footprint matched only by that of Citigroup, which has slightly larger assets than HSBC. HSBC has also become a very, very different bank. In 1997 nearly half its revenues came from emerging markets; today less than 20% does, according to Morgan Stanley...
...true irony facing Green is that his legacy may very well depend on getting the bank back to where it started. Although HSBC's pretax profits from emerging markets jumped 45% in the first half of 2005, according to Morgan Stanley, some bank analysts believe that Green will have to make even more major acquisitions to keep up that pace, especially in Asia. "It is a critical part of the potential growth," says Smith, HSBC's Asia CEO. "It is very important that we get it right." If HSBC does, its future may well be as storied--and profitable...
Beatrice Foxman had to drag her husband Stanley to their first spa vacation eight years ago. It just didn't seem very, well, manly, Stanley says. But after a few active yet peaceful days in the warm sun--and as many deep-tissue massages--Stanley was singing a different tune. "Men are taking a different approach to remaining healthy and looking and feeling good," he says. Now the couple from Silver Spring, Md., get to a spa as often as time permits. They have been to the spa at the Ritz-Carlton in Key Biscayne, Fla., nine times...
...Stanley, a dentist, and Beatrice, an office manager at his practice, are both 65. They swim, read and take long walks on the beach during their spa visits--and increasingly they find themselves bumping into other couples their age and younger. It's no coincidence: the number of baby-boomer couples taking spa-oriented vacations accounts for 1 of every 3 spa-goers, up from 1 in 5 just five years ago, according to industry estimates. The most popular destinations in the U.S. are in Arizona, California, Florida, Texas and New York. Outside the U.S., top destinations include Mexico...