Word: tenths
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...hundreds of thousands had already starved to death before the government admitted to a famine. And Mengistu, a former army major with a tendency toward the grandiose, was widely denounced for spending an estimated $100 million to commemorate the tenth anniversary of the revolution that deposed Emperor Haile Selassie. There are signs he may be curbing his spendthrift ways: in September, when the country was renamed the People's Democratic Republic of Ethiopia, Mengistu opted for a cocktail party instead of a banquet...
...does little to change this impression. A flock of anachronistically granola-esque maidens meander, lamenting over their unrequited love for the poet Reginald Bunthorne. In the context of a set containing an enormous portrait of Elvis, a malt-shop sign and a jukebox, these sentiments seem better suited to tenth-grade teeny-boppers than seasoned literati. Moreover, the characters' "hip" enunciation of phrases like "they're so square" mix poorly with the original "prithee's." To cap it off, Colonel Calverly's (David Magill) patter song with the dragoons, although extremely well sung, is simply neither tuneful nor funny...
...student confidence in the banking field. Shearson Lehman Brothers bought E.F. Hutton this week and Business Week reported that many of E.F. Hutton's 18,000 employees will be "redundant" when the two corporations merge. Salomon Brothers lad off 800 workers this fall, Citicorp eliminated 1000 positions or one-tenth of their total employment, and Kidder Peabody also laid off 1000 workers...
...financial health, Hutton's stock slumped from a high of 44 7/8 last January to as low as 11 on the day after the October market crash. Last week the eroding confidence in the company and an expected downgrading of its credit rating forced the parent company of the tenth largest U.S. retail brokerage to take a - humbling step: inviting a takeover or dismemberment that would end its 83 years of feisty independence...
...stars from the competition and spread nationwide through mergers, gobbling up smaller firms. Disdaining the practice of seniority-based compensation among partners, it showed heavy preference to "rainmakers," the partners most adept at bringing in clients. Some reportedly reaped better than $1 million a year, while others drew a tenth of that. Finley, Kumble called its system a meritocracy, where compensation was based on value to the firm. Critics say it rewarded salesmanship instead of legal skill, while raising costs to the breaking point...