Word: allowance
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Federal Reserve chairman Ben Bernanke, speaking via satellite to a bank conference sponsored by the Chicago Federal Reserve Bank, said on Thursday morning that the stress tests "will allow, I hope, for greater confidence in the banks." But even though the stress tests are over, the banks and their investors are not out of the woods...
...stress tests may do most for depositors, letting them know that their financial institutions are either in good shape or being repaired. That may allow the government to start rolling back some of extra safety nets it has set up over the past year. So even though the stress tests may not be a boon for investors, they are still a positive development...
...editorial cartoon by “Samuel L. Clemens” continues the fine work I’ve come to expect from The Crimson over the years. (Anyone remember the “presidential neckwear” cartoon published shortly after the announcement of our first female president? Allow me to jog your memory: contrasting with a necktie, President Faust’s accessory was a dog collar and leash...
...judge, and I do not pass judgment over judicial cases." - Iranian President Mahmoud Ahmadinejad, when asked if he would consider commuting Saberi's sentence as a gesture of goodwill to the U.S., adding, "I think Mr. Obama, as a sign of change and also to encourage friendship, should allow laws to be processed fairly and allow the judiciary to carry out its duties." (BBC, April...
...between Canada and the E.U. by around $27 billion, they were also contemplating that the seal ban could lead to a major trade tiff. Canada has already promised to challenge the ban at the World Trade Organization - and stands a good chance of overturning it, since WTO rules only allow prohibitions based on health and safety...