Word: ahead
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...maybe not. The worst of the crisis is almost certainly behind us, but that doesn't mean the crisis is over. Lying ahead are a slew of unresolved problems, policy challenges and, no doubt, further surprises. Unemployment remains a serious global issue, and may yet get worse; excess capacity left over from the boom years haunts the recovery; and the drastic stimulus programs utilized to fight the recession are creating a new menu of potential troubles. Dominique Strauss-Kahn, managing director of the International Monetary Fund, said in an address in London in late November that "the storm has passed...
...fraud unraveled last December when Satyam announced the $1.6 billion acquisition of two affiliated construction companies, Maytas Infra and Maytas Properties, run by Raju's two sons. Raju claimed the acquisitions were a good diversification strategy, and announced they would go ahead without shareholder approval. Investigators say Raju actually wanted to buy the companies because they held many of the illicitly acquired properties; absorbing them into Satyam could have allowed Raju to cover up his misdeeds indefinitely. But many of Satyam's foreign stakeholders, who owned 47% of the Nasdaq-listed company, grew suspicious and angry over the deal...
...least 100% of GDP - and may be closer to 125%. When critics later complained that Dubai had no realistic plans for paying off its debts, al-Maktoum told them to "shut up." But on Thursday, as Dubai's government announced it was seeking a halt to its debt repayments ahead of a $4 billion bill due on Dec 14, spin was at a minimum. So many worried investors tried to join a conference call for bond holders of Nakheel, a property company owned by Dubai World, the lines collapsed...
Both Harvard and the Big Green had several chances to get ahead before the end of the period, but strong defensive play, key saves by both goalies, and a shot off the crossbar kept the score even going into the final frame...
...fall on deaf ears for now. The draft bill to extend Germany's deployment includes a provision to keep troops at their present level of no more than 4500 - the third largest contingent after the United States and Britain - but does not allow for increased numbers. (Read: "Much Work Ahead for German Chancellor Merkel...