Word: year-end
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...rest of the week unfolded in textbook irony, almost exactly like '87's postcrash aftermath. Which means we are probably a few more days away from a bottom. How will you know? Easy: business will be back on the business pages where it belongs, and talk of a year-end rally will fill the air. And the only people still at the corner of Broad and Wall at 6 a.m. will be selling coffee and bagels...
...sordid particulars and easy explanations are ever the enemy of tragedy. In this case they transform it--despite a lot of earnest acting of the kind that always seems to have its eye on a year-end prize--into nothing more than a revenge plot. They also rob it of grandeur and universality and deprive us of the pleasure of deriving our own meanings from its characters and events. We know what we think of child molesters, and we are aware of the dread consequences of their acts. On this matter we require no instruction. But a cracked...
...hostility was between the people running the council and the people on the council, especially around election time," Sena said in a year-end interview...
Your story about the sizable year-end bonuses paid out by Wall Street brokerage and investment-banking firms to key employees [BUSINESS, Dec. 30-Jan. 6] blew me away. Despite the fact that their earnings underperformed Standard & Poor's 500 stock index, many Wall Street firms still gave out lavish sums of money. Your article mentioned that top traders and bankers at firms like Morgan Stanley and Merrill Lynch "will pocket $5 million" apiece. When will Mr. Average American wake up and see the extent to which he is being ripped off? And what will it take to make this...
Back too is the lush, year-end holiday party but with a '90s twist: quiet consumption, meaning that the posh hotels and clubs swell with revelers, the Cristal champagne ($190 a bottle) still flows, but gone are the ostentatious soirees of yore. Not unlike a Jil Sander suit: it's sleek, simple and elegant, but it still costs about...