Word: trumping
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...told they could not use analysts to win deals, they would still pull in plenty of business, says Samuel Hayes, professor of investment banking at Harvard University. Someone has to do the deals, he notes, and the large firms still have the critical sales, trading and advisory capability to trump boutique banking firms. What the Street fears most is having to duplicate the analytical staff on its banking side (while calling the analysts something else). That would drive up costs dramatically...
...treaty been in effect during the bombing of Afghanistan, it is likely that the United States would have been accused of inflicting mental hurt upon the civilian population. The ICC could easily evolve into an institution that tries to trump preventative military action. In an era of maniacal terrorism, does it make sense for the U.S. to ratify a treaty that has no mechanism for preventing this type of jurisdictional overreaching...
...million Amount New York's Empire State Building was sold for last week by Donald Trump and his Japanese partner...
...California senate committee questioned whether hundreds of state and local laws--from fishing-fleet fees to truck-inspection rules to a preference for recycled paper--could be challenged by foreign investors. Says state senator Sheila Kuehl: "A secret tribunal is going to decide whether a private company can trump laws passed by a democratically elected government...
...nukes of their own. Hostile nations don't like being told what to do under threat of an adversary's weapons of mass destruction capability any more than the U.S. does. And that tends to spur them on to develop or expand their own WMD capability. The geopolitical trump card that emerged with the bombing of Hiroshima and Nagasaki in 1945 prompted first Russia, then several other countries to develop their own nukes, with Iraq, Iran and North Korea doing their best to join the club...