Word: downmarket
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...dramatic federal investigation of Switzerland's UBS has blown the lid off bank secrecy - and revealed how Swiss banks abet tax evasion on a far more widespread, if more banal, level. Over the past two decades, these secret banking services have been peddled progressively downmarket - first to the lesser-known fabulously wealthy, then to just the wealthy; more recently, private bankers have been tripping over themselves soliciting business from doctors, lawyers and other folks who are what the biz generally calls "high net worth" individuals. "The IRS has been concerned for decades that a combination of a global economy...
...Rupert Murdoch-like press baron, the show's producers were so nervous about the similarities that they consulted a libel lawyer. In Obedience, Struggle and Revolt, a 2005 collection of his lectures, Hare recalls the lawyer's response: "Your play portrays a megalomaniac psychopath who drags his newspapers downmarket, who has no concern for editorial standards, who has no sexual pleasure except in the public humiliation and violent dismissal of his staff. If Rupert Murdoch really wants to step forward and identify himself as the hero of the play, then my advice would...
...would be naive and insulting and stupid to try and pretend this hasn't been a enormous blow for the Labour Party," says Labour MP Stephen Pound of the Crewe result. "But we're not going to turn it round by defenestrating our leader, or trying to go downmarket after the Tory vote. To get rid of the Prime Minister would simply underline any accusations of division in the party and utterly guarantee we would lose the next election." Hardly a ringing endorsement, but perhaps an indication that for better or worse, Brown could have more months or even years...
...superstars, the artists can end up with less than 30% of overall sales revenue (which often is then split among several band members). Meanwhile, as record sales decline, the concert business is booming. In July, Prince gave away his album Planet Earth for free in the U.K. through the downmarket Mail on Sunday newspaper. At first he was ridiculed. Then he announced 21 consecutive London concert dates - and sold out every one of them...
...warm welcome. Mark Parsinen, who oversaw Kingsbarns, a successful public course near St. Andrews, said developers are mistaken if they think St. Andrews can be to golf what Aspen has become to skiing. "It is fascinating to watch how wealthy golfers willingly go downmarket in Scotland. It's something to do with the pilgrim mentality. Do they want friendly service and quality products while they are traveling? Of course. Do they want white-glove glitz? Not in great numbers," he said. The town is still scarred from the failure of two high-end properties--Drumoig Golf Centre and the Gateway...