Word: swooningly
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...Apple. According to the Securities Industry and Financial Markets Association, these days only 21% of all so-called Wall Street jobs are based in New York City, down from 38% three decades ago. Stamford, Conn., mayor Dannel Malloy says his city is sure to suffer from Wall Street's swoon. In the past few years, a number of large financial firms, including UBS, have moved thousands of investment-banking and trading jobs to the city. Already, a proposed Ritz-Carlton hotel and convention center has been put on hold, and city officials are afraid a large financial firm that...
Local businesses blossomed with this growth, but they are now seeing the swoon. At one end of Greenwich's High Street is the Green Baby store, which sells Earth Friendly Baby organic chamomile shampoo and diaper balm made from sweet-almond oil and shea butter. A short walk away is the Greenwich Park Bar & Grill, where a burger made from "Kobe" beef raised on a farm in north Wales will set you back $33. At the Nevada Street Deli, which serves up smoky cheese from County Cork and freshly made poached-salmon sandwiches, owner Laura Heap says she's already...
...Hong Kong's Hang Seng index continued its weeklong swoon, falling 7.19% after recovering slightly on Thursday. Korea's Kospi index fell 4.13%, while India's Sensex lost 7% of its value after plummeting in morning trading. China was not spared. The CSI 300 index, which tracks both the Shanghai and Shenzhen exchanges, was down 4.43%. Singapore's main index fell 7.72% amid economic news that the island state has slipped into recession for the first time since 2002. In a speech Friday, Singaporean Prime Minister Lee Hsien Loong predicted a continued "rough ride" for Asia. "The world is caught...
...confuses the McCain campaign. As Minnery makes clear, millions of Evangelicals have accepted Palin because of her membership in a Bible church. But there is no denying that mainstream Evangelicals and Pentecostals, while political allies on many social issues, have historically had significant tensions over theological differences. The Evangelicals' swoon for Palin might fade if it turns out that she continues to hold fast to Pentecostal practices and beliefs...
After an epic five-day swoon, Asian stock markets stabilized Thursday as investors took heart from a string of worldwide interest-rate cuts aimed at lessening the risk of a global recession...