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Word: york (lookup in dictionary) (lookup stats)
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...real world (outside New York City), a bonus is generally a payment for extraordinarily good performance. But on Wall Street, what's called a bonus is generally part of base pay. That's especially true for worker bees, who far outnumber CEOs. (The word bonus is a remnant from the days when Wall Street was made up of partnerships. Now that Wall Street's largely owned by public shareholders, it should have long since dropped bonus for contingent compensation or something similar. But hey, the Street, as I said, is tone-deaf.)(See the top 10 financial-crisis buzzwords...

Author: /time Magazine | Title: What's Still Wrong with Wall Street | 10/29/2009 | See Source »

Quotes About: "It's no secret about Wali Karzai and drugs. A lot of people in the Afghan government are involved in drug trafficking." - U.S. informant Hajji Aman Kheri, alleging Karzai's involvement in the heroin trade (New York Times...

Author: /time Magazine | Title: Ahmed Wali Karzai | 10/28/2009 | See Source »

...evidence that you could take to get a criminal indictment. That allows [Hamid] Karzai to say, 'where's your proof?'" - A Bush White House official on the difficulties of trying to get President Karzi to look into his brother Wali Karzai's alleged involvement in the drug trade. (New York Times...

Author: /time Magazine | Title: Ahmed Wali Karzai | 10/28/2009 | See Source »

Quotes By: "I am not a drug dealer, I never was and I never will be. I am a victim of vicious politics." - Denying his involvement in Afghanistan's $4 billion a year drug trade (New York Times...

Author: /time Magazine | Title: Ahmed Wali Karzai | 10/28/2009 | See Source »

...know anyone under the name of the C.I.A. I have never received any money from any organization. I help, definitely. I help other Americans wherever I can. This is my duty as an Afghan." - Denying his paid involvement with the C.I.A (New York Times...

Author: /time Magazine | Title: Ahmed Wali Karzai | 10/28/2009 | See Source »

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