Word: ahead
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...Merkel promised only modest aid for the German economy, and members of her Cabinet even ridiculed other European leaders for engaging in a race to see who could spend the most. But as the new year gets under way, Merkel has clearly joined the race and may be moving ahead of the pack...
...temperatures dropped to record lows outside, freezing rail lines and bringing mass transport to a halt, Merkel has huddled with her political allies and opponents alike to hammer out a new approach. The shift comes after a raft of bad economic news, with the government now pressing ahead on a number of fronts. Merkel's coalition nearly doubled its stimulus package to €50 billion this week and is drafting plans for a €100 billion Germany Fund to provide credit for midsize businesses. And Commerzbank, Germany's second biggest bank, has said it is to be partly nationalized...
...Madoff could have stashed away a lot of bearer bonds, for a lot of money, in a lot of places. But what about the money trail? Couldn't transaction records lead investigators to these caches? "You'll likely see an amazing loss of memory and material in the months ahead," says the Treasury Department expert. "Computers will be lost, fires will be started, records and books destroyed. It always happens...
...House Speaker Nancy Pelosi - she called meeting the President-elect in her office a "great honor and personal privilege" - Obama hit his day's talking points. "The reason we are here today is that the people's business can't wait," he said. "We have an extraordinary economic challenge ahead...
Almost 24 hours into Israel's ground offensive in Gaza, Israeli military officials say they are ahead of schedule in achieving such objectives as securing positions on the clear ground around the main urban areas, especially Gaza City, in the north of the Gaza Strip. At the same time, they are receiving an early taste of the guerrilla tactics, including kidnapping attempts, that Israeli soldiers most fear...