Word: backings
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...preventing a catastrophe for a relatively paltry price. Bernanke has been pilloried for conjuring up trillions of dollars out of thin air and lending to unconventional borrowers who had never dreamed of getting their hands on Fed cash, but more than 80% of his emergency loans have been paid back, and the Fed is returning record profits to taxpayers. Bernanke used the Fed's jaws of life to rescue us from a brutal wreck; it's galling to hear politicians complain that the rescuer might have broken a window...
...driver and I left the petroleum announcement and headed back toward the Hamra Hotel, we saw a dusty cloud rising deep in the neighborhood to our right. "Perhaps a mortar into the Green Zone," he suggested. We tried to find out but the phones were already jammed. We had almost arrived at the rear access road to the Hamra when the second bomb exploded, near the Babylon Hotel. We had driven by it just minutes before, and our car jumped. We sped closer to the rear checkpoint of the Hamra compound, where the security guards were already out in full...
...billions of dollars, perhaps one that would see Iraq surpass Saudi Arabia in oil production. Many hoped it would underwrite Iraq's transition from war zone to prosperity. "Chemical Ali" was executed in the morning, another remnant of the bad old Saddam days gone. But very soon Monday brought back the Iraq of the bloody, shrieking past in three consecutive, coordinated blasts on high-profile targets...
...meet deadlines. One colleague is doing his best to calm his driver whose brother is missing. Another is showing the shrapnel from what is likely a piece of the exploded minibus. It crashed through his window on the eighth floor of the Hamra Hotel. In my mind I walk back through the day and I'm gripped by the scent of oranges, which were splattered around the bomb site, small spheres of color in contrast to the blackened rubble. It kept cutting through the smells of charred vehicles and humans as I watched the aftermath, waiting in vain to speak...
Given the excitement surrounding the press conference in Madrid on Tuesday, you'd have thought that Jennifer Aniston were announcing that she and Brad Pitt had gotten back together. But no. Here at Madrid Fusion, an annual international culinary conference, the news is all about chefs, and no news is bigger than that of Ferran Adrià, the chef of elBulli, reputedly the best restaurant - and the toughest reservation - in the world. To the accompaniment of dozens of flashing cameras and a live feed for Spain's main television channel, one of the masters of the culinary universe declared that...