Word: bailouts
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...directly or indirectly owned and controlled by the government. Some argue that Dubai's authorities could thus avert a bubble burst by keeping finished projects off-line until conditions improve. Also, in the event of a systemic threat, Dubai can probably rely on superrich Abu Dhabi for a bailout...
...what the effects of an economic recession would be on the American workforce. According to Konstantin Pozin ’10, Hillel’s director for communication, Summers’ words were particularly useful in offering an optimistic position on the government’s plan to bailout the faltering economy—a view he said he had not seen elsewhere. Summers compared the expensive bailout plan to the purchase of a painting that can be sold later to recoup some of the price, as opposed to a vacation whose cost is lost once the fun is over...
...More than half of voters said they are against the government's bailout plan. It's unclear what this might mean for the candidates, both of whom supported the plan. But it could mean voters are in the mood to punish anyone associated with the good old days...
...Remember what eight years of Republican rule has wrought: missing weapons of mass destruction, the promises we'd be greeted as liberators, Jessica Lynch, torture, the disintegration of Afghanistan. Also: Enron, WorldCom, Bear Stearns, AIG, Fannie and Freddie, GM, Chrysler, Social Security privatization, the $700 billion bailout. Also: Brownie, John Ashcroft covering up that bare-breasted statue at the Justice Department, Alberto Gonzales politicizing the Justice Department, Harriet Miers, the oil lobbyist who edited those global warming reports. Also: Jack Abramoff, Duke Cunningham, Bob Ney, Tom DeLay, Ted Stevens. Also: the Vice President shot a guy, and the President almost...
...Putin's instinct is to desperately seek to reassert control. Last week he unveiled a plan to stanch the capital flow out of Russia, blocking banks from turning bailout funds from the government into foreign currency. But it's not clear that such moves will stop the political cronies long installed in key economic and financial positions from prioritizing their own personal interests, and some fear that restrictions now being clamped onto the financial system will harm the business environment in the long...