Word: manhattanization
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BACK IN THE PALEOCAPITALISTIC ERA, as long ago as 10 years, anthropologists studying the breeding, feeding and plumage patterns of Wall Street concentrated on carnivores -- called gunslingers -- grownup frat boys in yellow ties and red suspenders who peddled junk bonds, drove BMWs and bought $2 million co-ops on Manhattan's East Side. Forget them: today they're fuddled old greedsters sitting around in their East Hampton beach houses wondering what happened...
...underlying protect himself or herself if more of these shenanigans lead to a general calamity? One way is to avoid owning shares in companies that are the biggest players in derivatives. This would include several large banks, such as Chemical, Bankers Trust, Citicorp, J.P. Morgan and Chase Manhattan. Lately the banks have reported excellent earnings, helped along by a recent winning streak. But what happens if the banks get on a losing streak...
...possible because Wall Street today has transformed itself into a virtually seamless network of computer-linked brokers, dealers and exchanges around the globe. It is no longer (if it ever really was) defined by the canyons of buildings surrounding the New York Stock Exchange near the southern tip of Manhattan. The trades take place in an electronic neverland that can be entered from anywhere in the world. Billion-dollar transactions involving derivatives or other securities that once took hours or days to handle are now routinely completed in seconds -- with all the potential risk or reward that comes with instant...
After falling to Niagara 3-5 in the next game, the Crimson thrashed Manhattan 12-0 as junior Tim Vanech took the win in the laugher...
...look"), but it is actually a feat of marketing. Reconvincing women that the absence of breasts holds them back is as easy as forcing hemlines up or down: it is only a few fashion shows, press releases and glossy- magazine features away. When Super-Uplift went on sale at Manhattan's Saks Fifth Avenue two weeks ago, 489 were bought the first...