Word: yorking
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...Morgan, unlike Goldman, seems to be really interested in building up its deposit base. Last year, the firm hired former Wachovia executive Cece Sutton to run its retail-banking division. Last month, Morgan said it would soon be adding more employees in Charlotte and New York to help expand its banking operations. Already the bank has nearly tripled its customers' deposits to just over $100 billion...
...international support necessary to make sanctions effective. Russia and China indicated earlier this month that they would not support a new round of economic measures against Tehran, deflating Administration hopes of tightening the screws on the Islamic Republic when the U.N. General Assembly convenes next week in New York City. But if the reluctance of Beijing and Moscow to back new sanctions was expected, support may also be waning in at least one quarter on which the U.S. had been counting: European and American sources tell TIME that Germany is unlikely to support tougher sanctions unless those have the backing...
...enhanced $11.3 billion International Monetary Fund rescue package has helped dampen inflation overall, but there is public outrage at wheat and sugar shortages. A further $5.5 billion is on the way through pledges made by the Friends of Democratic Pakistan, a consortium of allies, which will meet in New York next week with Obama, President Asif Ali Zardari and British Prime Minister Gordon Brown in attendance. In terms of metrics, achieving global consensus that Pakistan must be stabilized is an easy goal to reach. Making something of the consensus, however, requires more cash and development thrown in the right direction...
...persona varies little from his public style. As befits someone who is running the world's most populous country, he is intensely disciplined and extremely cautious. On Tuesday, he will meet one on one with U.S. President Barack Obama on the sidelines of the U.N. General Assembly in New York City before heading off to Pittsburgh, Pa., for the G-20 summit on Sept. 24-25. This is what a more relaxed Hu might say to Obama, whose first major decision on trade was to slap a 35% tariff on tires produced in China - an action that generated a flurry...
...think that covers it. Thanks for meeting me in New York City by the way; it saves me time later in the week. I would say I'm looking forward to going to Pittsburgh, but I'm not much of a football fan, and my staff tells me you can't get a decent Chinese meal there to save your life...