Word: raymond
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...Raymond W. McDaniel, Jr., chairman and CEO of Moody’s Corporation, proclaimed, “I firmly believe that Moody’s business stands on the ‘right side of history’ in terms of the alignment of our role and function with advancements in global capital markets.” Editorialists, pundits, and lawmakers alike have scrutinized this sentiment over the past year, debating the role that credit-rating agencies played in the subprime crisis. Instead of the blame game it used to be, this debate has recently become a more fruitful discussion...
...began accepting applications for 18,500 new niches - the largest supply in almost a decade - at its nine-story Diamond Hill columbarium. Though applications could be mailed or faxed in, nearly 1,000 people queued in line to submit their paperwork in person on opening day. After graphic designer Raymond Wong's father passed away in December, Wong applied for a niche at another of the city's public columbaria, but was turned away after spaces filled up. "Hopefully this time I'll find a place for my father so he can finally rest," says Wong, while waiting in line...
...help pick up the slack. Hungry for bargains, shoppers have started bidding on fruits and vegetables. As long as the final offer comes in below the grocer's retail price, they'll save a few bucks on the essentials. "Right now, the auction business is in a downfall," says Raymond Toler, owner of Raymond's Auction House in Archdale, N.C. He started running monthly grocery auctions in October, after hearing that they were becoming popular among other auction companies in his area. "We're just trying new things to get people in here," he says. (See pictures from a grocery...
...party was frustrating an investigation into a corrupt $5 billion arms agreement (the same deal from which Zuma was alleged to have benefited), says the last few years have seen a "regression in Africa's proudest democracy that seeps into some of those stereotypes of African Big Men." Raymond Suttner, a former ANC activist who was detained from 1975-1983, talks of how once in power the party let "ambition and greed" lead it into "lawlessness, amorality and criminality." COPE founder Mosiuoa "Terror" Lekota tells TIME: "To fight for freedom, you need a liberation organization. But South Africa has moved...
...this gut-wrenching downturn, the Germans and the Japanese are no longer alone. "It's happening a lot," says Raymond Torres, director of the ILO's International Institute for Labor Studies. "People are trading off their jobs for wage cuts and other measures." There's even some anecdotal evidence that it's starting to happen in the U.S., where companies have traditionally not hesitated to lay off staff in a downturn; last month the New York Times announced a 5% pay cut for some of its staff in return for extra vacation days...