Word: assets
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Mackey spokesperson Thomas M. Keane, Jr. said that Reilly views the job of D.A. as merely an "elected professional position," and claims that his candidate's legislative background is a necessary asset for the job. Mackey has emphasised drug enforcement and prosecution of environmental crimes as priorities...
...Saddam's biggest asset, his 1 million-man military, in danger of fading away. Iraq has stockpiled conventional weapons and spare parts and is continuing to assemble exotic ones -- including missiles and chemical warheads. "Iraq is reasonably well stocked with parts and ammunition, but only until a shooting war breaks out," says a White House official. "Then they're out of everything...
These clumsy techniques show that being a WMC is not as much of an asset as it used to be. WMCs are, after all, mainly to blame for the bulging deficit, the savings and loan debacle and a host of other ills. Substantively and stylistically, it's a minefield out there for the WMC. This may be the year when outsiders have the inside track...
Under attack for liquidating its holdings too slowly, which increases the need for cash infusions, the RTC has begun to speed up the pace. Last week Seidman announced the details of a "fall inventory-reduction sale," in which the agency will unload shuttered thrifts and seized assets by the end of the year. Up for grabs will be everything from junk bonds to golf courses to shopping malls. The $50 billion asset sell-off will refuel the bailout process, but it will take its toll on the U.S. by depressing, to some extent, an already weak real estate market...
Initially, both the Brazilian public and Congress applauded Collor's ^ program, especially the asset freeze, which was perceived as a slap at the rich. After all, 9 of 10 Brazilian depositors had less than $1,200 in the bank. Then Collor and his relatively inexperienced team blinked. Fearing a full-blown recession, they made it possible for many businesses and individuals to recover frozen funds. Companies were allowed to trade impounded cruzados for negotiable cruzeiros by using them to pay taxes and debts. Exceptions were also made for retirees, unemployed workers and people needing emergency medical treatment...