Word: accountants
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...government is in the process of "stress testing" banks by making assumptions that the American economy could collapse and that unemployment could move to 10% with housing prices could fall another 20%. None of that "testing" take into account what happens if the financial status of Eastern Europe worsens. Maybe that should go on the check list to determine which banks are healthy. The answer would probably be "none." The financial world is too small for defaults on national debt not to have a tremendous ripple effect...
...imaginative soul, and he knows it--that's what got him into this mess in the first place. "When you are a seat-of-the-pants memoirist," he writes, "you don't write about your life; you live your memoirs. You begin to feel that you and your account of yourself are one, like a mythical beast...
...Nevertheless, MacDonald says his store is “doing okay,” and that his revenue may be less affected by the economic slump than by daily weather conditions and tourism in the Square. He also notes that in recent years, Square landlords have started taking into account the long-term diversity of the community when choosing tenants, rather than simply looking for the biggest profit...
...case of the current budget, Republicans - who themselves account for 40% of the earmark requests - are howling at what they view as Obama's blatant hypocrisy. House minority leader John Boehner and nine other House Republicans sent Pelosi and Obama a letter asking for a freeze in spending levels and for a re-examination of the earmarks in the bill. "There are 9,000 reasons to vote against this spending bill - 9,000 earmarks slipped and crammed into this pork-stuffed nightmare," Representative John Shadegg, an Arizona Republican, said on Wednesday in a statement. "Last night, President Obama bragged about...
...There are also some specific lessons from our experience. In many of the situations where you need to bring leaders to account, [you can apply the Sierra Leonean model of] a hybridized court, where you obtain local and international support to bring people to justice and call their bluff. The International Criminal Court is often told, "You are just prosecuting cases in Africa. You are biased against Africa." The answer, I think, is a hybrid model able to deliver the kind of cooperation that an international court sitting outside the region with an exclusively U.N. staff cannot...