Word: stockely
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...would expect Americans, in a period of falling home prices, a wobbly stock market and an ongoing war, to be less than satisfied with the direction of the country. It's natural. But Americans are not simply dissatisfied. They are very unhappy. O.K., deeply, pessimistically unhappy. Un-American Dreamy unhappy: 85% of respondents in an exclusive TIME/Rockefeller Foundation poll believe that the country is on the wrong track...
...legal showdown has rattled investors - one reason why Istanbul's main stock index has fallen 40% this year - and has exacerbated a sense of polarization that pits democratic principles against secular ones. "This is a very dangerous situation," says Sahin Alpay, a political scientist at Istanbul's Bahcesehir University. "People who feel their way of life is threatened by the conservative Muslim majority want to stick with secularism rather than full democracy - and they aren't calculating the costs...
...Once the Labour Party might have blamed such ills on Britain's deep social inequalities, nowhere more clearly drawn than in parts of London such as Hackney and Islington, where slums abut some of the most desirable housing stock in the capital. But such analysis would be uncomfortable for a party that has ruled the country for more than a decade. "Antisocial behavior . . . is first and foremost the responsibility of the parents," said Prime Minister Gordon Brown ahead of the launch of the Youth Crime Action Plan that was published on July 15. The plan envisages a tougher enforcement...
...list of new cuts included the elimination of the dividend on common stock, all executive bonuses and, with the apparent approval of the United Auto Workers (UAW) union, health-care coverage for salaried retirees over the age of 65. In addition, GM plans to launch a new wave of buyouts among its 32,000 salaried employees while freezing their salaries for the remainder of 2008 and 2009. The benefit cuts and early retirements are expected to reduce GM's salary costs by 20%, saving the company $1.5 billion by the end of 2009, GM executives said...
...Bank, agreed, saying, "It looks like [GM's] cost structure is pretty competitive." But, he said, "where they're at a disadvantage versus other mass-market automakers is in pricing." Buyers won't pay as much for a GM vehicle as they will for a Toyota or Honda. GM stock dipped immediately after the announcement before climbing back to around $10 by mid-afternoon...