Word: stanleys
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...rocker-girl décolletage. The sound system throbs with the refrain "Lick it up, lick it up." And perched behind a velvet stanchion, in an unbuttoned silk shirt that reveals just the right amount of furry, well-carved chest, is the artist: Kiss guitarist and front man Paul Stanley. (See pictures of the Rock 'n' Roll Hall of Fame's 2009 nominees...
...deal worth about $18.5 billion, and a backlash in Congress prompted the angry Chinese to withdraw the offer. Unocal was finally sold to Chevron. More recent Chinese investments in the U.S. have also fared badly: Beijing has lost billions in recent months from investments in Morgan Stanley and the Blackstone Group, and Chinese officials who approved those investments have now come under fire in Beijing. "People are saying, 'Why did you invest in that?'," says Downs of the Brookings Institution. "They feel they have been burned in the U.S. and they don't want to be burned again...
...both the third and fourth quarters of 2008 - the steepest consecutive quarterly declines on record. As incomes shrink and America adopts a more frugal mind-set, some economists do not expect shoppers to return to free-spending ways for years - or perhaps generations. Economist Stephen Roach, chairman of Morgan Stanley Asia, says that "there is good reason to believe the capitulation of the American consumer has only just begun." U.S. consumer spending as a percentage of GDP reached 72% in 2007, well above the pre-bubble norm of 67%. Using that as a gauge, Roach says that only...
...Morris Brown's response to this latest deadline seemed almost like an after-school movie. Despite holding rallies, fundraisers and an auction of prints donated by local artists, by the morning of Feb. 17, the school had managed to raise only $60,000. That afternoon, Stanley Pritchett, Morris Brown's interim president, summoned the students to a mandatory meeting in an auditorium. Many feared the worst. (See pictures of the college dorm's evolution...
...only choices.But in the face of the most disastrous financial downturn since the Great Depression, times have changed, Delle said, and so has his grip on the job market. “Last year I had offers from everywhere, from Merrill Lynch to Bear Stearns to Morgan Stanley, he said. “Half these firms don’t exist anymore—the offer letters I have now are historical documents.” Delle’s plight is hardly unique. This year, hundreds of Harvard students hoping to enter the finance industry are facing the most...