Word: term
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...buyouts, he notes, often come in waves. "The first merger tells the market something, and then other companies, to be competitive, try to make a move," he says. First Lehman, then Merrill, then ... But does this mean the stand-alone investment bank is no longer viable? "In the short term, it doesn't seem like it is," Martos-Vila says. "But when confidence is restored in the market and they move to another type of risk, who knows...
...known as Hank) helped orchestrate the Sept. 7 government takeover of mortgage institutions Fannie Mae and Freddie Mac and the $85 billion bailout of insurance giant American International Group (AIG) on Sept. 16. By the close of business two days later, he was reportedly looking to find a long-term solution to the nation's ongoing credit crisis, buoying markets on rumors that the Treasury would create some sort of government agency to absorb banks' bad debts...
...Term for Tea? In Marion Hume's otherwise interesting article on tea tourism, a photograph of a table set for tea bears the caption, "A table is prepared for high tea" [Sept. 15]. The photo clearly shows a table set for afternoon tea. High tea is a British term for an entirely different meal that includes cold meats, salads and much heartier fare and which is served around 6 p.m. in lieu of dinner. Afternoon tea is served around 3 p.m. and is accompanied by scones, jam and cake and sometimes small sandwiches. Janice Leach, Mill Valley, California...
...given no evidence up to now that he knows what to do with a brush ..." Thank you, Richard Lacayo, for the excellent article on Damien Hirst and his factory "art" [Sept. 15]. More than $7o0,000 for "spin paintings" manufactured by an army of assistants? Lacayo's term "product lines on canvas" says it all. Oddly, however closely I look at the photo of Hirst's new work The Golden Calf, I can't quite see the heap of gold-plated manure beneath the pickled bull. Kevin Wooldridge, London...
They're watching you. And every time you click on a website, make a cell-phone call, swipe a credit card or walk past a security camera, they take note. Stephen Baker could have easily gone for spooky in this depiction of the Numerati--his term for the computer scientists and mathematicians who sort through all the data we throw off in our daily lives, helping corporations and governments predict (and manipulate) our next move. But Baker's deep reportage goes beyond smart shopping carts that entice us to run up our grocery bills and political messages crafted...