NEW WORDS—“DOWNTOWERING.”

NEW WORDS—“DOWNTOWERING.” The Financial Times noted on October 23 that highly paid expatriate bankers in Hong Kong in the late nineties used the word “downtowering.” If a banker was unsuccessful, his housing allowance was cut and he would be forced to move to an apartment on a lower floor of the luxury towers that the bankers lived in. He would be “downtowered” and would lose status. (The source for the FT’s information is NEVER ENOUGH by Joe McGinniss.)