While the tidal wave of steeply discounted hotel properties didn't occur to the degree expected, a number of distressed properties still are winding through the system and selling on a one-off basis, said Jan Freitag, senior vice president of STR Global, a lodging research firm.

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On an hourly basis, one might be better off just working 40 in a lower position with less pay and far less responsibility.

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Bond prices advanced by more than one full point and enough to shave 10 basis points off the 10-year yield, which slid to 3.04%.

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On that basis, a 23% sell-off in one day would never have been expected.

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In most cases--including John Hancock--here's what the R class means: The firm each year will take 50 basis points---one-half of 1%--in expenses off the assets under management in the form of a so-called 12b(1) charge, authorized for marketing expenses.

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To combat inflation, Andy believes that Beijing will keep raising interest rates until food prices cool off, and believes that three more 25 basis-point hikes are likely, including one this year.

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