Word: dropping
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Uncle Sam has a new name on Wall Street - Sugar Daddy. Bonuses for investment bankers and traders are projected to fall 40% this year. But analysts, compensation consultants and recruiters say the drop would be much more severe, perhaps as much as 70%, were it not for the government's efforts to prop up financial firms. "Year-end pay on Wall Street will be higher than it would have been had it not been for the government and mergers," says Alan Johnson, a leading compensation consultant. "You would expect it to be down much more...
...Worst hit Monday was Tokyo's Nikkei index, whose 6.4% slide to 7,162.9 points marked its lowest level since 1982. Hong Kong's Hang Seng was down 12.7%, its biggest single-session drop in 17 years. Other Asian indices suffered more modest declines, but all were down besides South Korea's Kospi, which was up a modest 0.8% due mostly to an interest rate...
...Europe fared no better during the initial hours of trading, with London's FTSE 100 at one point dropping 5.6% to its lowest mark since April, 2003. In Paris, France's CAC 40 plunged 5.4%, while Germany's Dax was down 3.3%. Things looked set to begin just as bad in New York, meanwhile, with Dow Jones futures trading 3.2% down, in line with Friday's drop...
...Pass to wide-open Peacock in the end zone gets dropped. How the heck do you drop a pass that open?! Sets up field goal...
...nickname he uses for his grandmother, Madelyn Dunham. It's short for tutu, the Hawaiian term for grandmother. And, to the islanders, it means that even though Obama may be the U.S. senator from Illinois, he really is at heart a Honolulu-born, son of Hawai'i who will drop anything to care for his family, says another Hawaii-born politician, Democratic state Sen. Clayton Hee. "It is all at once a message to the world," says Hee, a Native Hawaiian who has served as the chairman of the state Office of Hawaiian Affairs. "It is an identity...