Word: weren
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...ticker tape ran so far behind the actual transactions that some traders simply let it run out. Trades happened so quickly that although people knew they were losing money, they didn't know how much. Rumors of investors jumping out of buildings spread through Wall Street; although they weren't true, they drove the prices down further. Brokers called in margins; if stockholders couldn't pay up, their stocks were sold, wiping out many an investor's life savings in an instant. So many trades were made - each recorded on a slip of paper - that traders didn't know where...
...limits the salaries of five top executives from each of the participating financial firms, Congress did nothing to restrict Wall Street firms from using taxpayer funds to boost the compensation of rank-and-file investment bankers. "Some people might argue that these bankers should not be penalized if they weren't personally involved in the risky mortgage-backed securities," says Sarah Anderson, project director of the Global Economy Project at the Institute for Policy Studies, a progressive think tank in Washington. "My response is that the average taxpayer wasn't either, but she is being asked to take...
...grander scale, can bowstring diplomacy achieve anything? American orchestras have been musical ambassadors before. The Boston Symphony Orchestra played the Soviet Union in 1956, but the Cold War dragged on for decades. The Philadelphia Orchestra played Beijing in 1973, yet formal relations between the two nations weren't established until 1979. Even if you watch the NYP's Pyongyang adventure in slo-mo, you won't spot Kim Jong Il making nuclear concessions in a balcony suite while seduced by the universal language of music (he didn't attend). But at least you will see, at the concert's close...
...with difficulty. Each state has its own laws about how the three steps of foreclosure--default notice, court judgment and sheriff's sale--are made public, and those rules weren't necessarily written with data aggregation in mind. This summer, Dallas County, Texas, started posting records online, but before that, the only way to get information on foreclosures had been to march down to the courthouse and scan the corkboard where filings were posted. Even that was hit-or-miss--people often ripped down the paper postings instead of jotting down the addresses...
...While call centers have played a prominent role in politics since the 1940s - Richard Nixon worked the phones for his successful 1946 run for the U.S. House of Representatives - automated dialing and message playback weren't perfected until the late 1980s. Since then, thanks to improved technology and decreased cost, the campaign tactic has become the leading method to reach voters. In fact, the Pew Research Center found that nearly two-thirds of American households in battleground states like Ohio and Florida received robo-calls in the final weeks of the 2006 midterm elections, with some voters receiving as many...