Word: trimmed
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Less optimistically, firms might be realizing they've let go of so many already, more cuts would hit bone. Also, reducing paychecks during a recession can provide cover for companies that had been looking to trim labor costs anyway. But maybe we should hope for purer intentions. And that the plan for avoiding layoffs works...
...drifting away from retail research doesn't necessarily mean giving up on research line altogether. As institutional investors, particularly hedge funds, have taken a beating in the market and been forced to trim costs including staff, the demand for outside research has in some quarters actually increased. "There are different kinds of independent research," says Argus president John Eade. "As the settlement winds down, the focus is shifting away from ratings and reports to evolving forms, like expert networks and primary sources-meetings with our analysts, our institutional clients and different CEOs and CFOs we've gotten to know...
...House Masters, who said they were frustrated with a “moving target” of budget-cut expectations, added that they would oppose any “fait accompli” (irreversible mandate) calling for staff cuts. The increased—and changing—requirements to trim House budgets have prevented House Masters from finalizing their annual budgets, which are usually submitted in January...
...Clinton is in fact making significant progress in tackling her debt, which she managed to trim by nearly two-thirds during the first quarter of 2009. But that's not because of gimmicks like raffling off tickets to American Idol. Her campaign's real asset is its database of supporters. In the first quarter alone, it raised more than $2 million renting out that list. Among those who paid the most to use it: Barack Obama's Inauguration committee and the William J. Clinton Foundation, each of which spent...
...Munis don't offer the same sleep-at-night safety they used to," says Christopher Cordaro, a financial planner at Regent Atlantic in Morristown, NJ. Earlier this year, Cordaro, who has been a planner for 22 years, began advising clients for the first time in his career to trim their muni bond holdings. "Municipalities across the country are in rough shape." (See TIME's "25 People to Blame for the Financial Collapse...