Word: stanleys
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...People are starting to notice how terrible Jim is. It's great. Eventually they'll rise up and revolt. My only hope is they do it sooner rather than later. If people here were our founding fathers, the Revolutionary War would've been delayed 10 years. Because Stanley Washington was napping. And Phyllis Hancock was still signing the Declaration. And Kevin Jefferson was distracted by a butterfly...
...months ago Obama called for a new strategy in Afghanistan, but the President now appears to be wavering in the wake of a report by his top commander there, General Stanley McChrystal, that says 10,000 to 40,000 more troops are needed or the mission "will likely result in failure." With his advisers split between advocating a full-scale counterinsurgency, which some Democrats say amounts to nation-building, and a more limited counterterrorism approach against the Taliban and al-Qaeda, Obama will now hold five more meetings of the National Security Council on the issue before making...
...Bouyed by Macau's nascent recovery, other operators are pushing ahead with new projects. On Sept. 21, SJM Holdings, controlled by long-time Macau gambling king Stanley Ho, opened the French-themed, 170-table Casino L'Arc. It is SJM's 17th casino in the city, and the company plans to launch another, Casino Oceanus, by the end of the year. In June, Ho's son Lawrence, CEO of NASDAQ-listed Melco Crown Entertainment, opened a mega-resort called City of Dreams, with a 520-table casino and a Hard Rock Hotel. An 800-room Grand Hyatt opens...
...biggest change by far for Morgan Stanley comes from the acquisition of the Salomon Smith Barney brokerage division. The deal, which was announced in January, has boosted the number of brokers at Morgan Stanley to just over 20,000. That makes Morgan the largest brokerage house in the country. Brad Hintz, an analyst at Sanford C. Bernstein & Co., estimates that after the acquisition is complete Morgan will get 42% of its revenue from its brokerage division, up from 20% a year...
...Morgan Stanley is not abandoning its investment-banking roots, but it is making the bet that retail brokerage operations are going to be valued more in the market than in the past," says Hintz...