Word: bailouts
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...Asian financial crisis and the Mexican bailout were both high-stakes political controversies that played out during Summers' time as a top policymaker...
...took a lot of grief, but no personal hits," she says. "When someone can come through something like the Mexican bailout without permanent scars, it's testament to their ability...
...especially when he's working for a President who wants to give taxpayers a big break. In Daniels, 51, Bush also has a proven political operator to approach a wary and bifurcated Congress. A longtime aide to G.O.P. Senator Richard Lugar, Daniels worked closely with Democrats in the 1970s bailout of Chrysler and New York City. As Ronald Reagan's political director in the 1980s, he salved the egos of Governors and lawmakers. And as senior vice president at Eli Lilly & Co., he transformed the old-line corporate culture amid rapid changes in health-care services, helping fuel a fourfold...
...lung cancer. They further alleged that the Lloyd's hierarchy was party to the fraud because it knew of the looming problems but allowed its syndicates to under-reserve for the resulting losses--thus helping conceal the true state of affairs from the recruits needed to fund a bailout...
...Indeed, Wolfensohn had become an outspoken critic of IMF policy after he judged that the international lender had actually exacerbated the economic crisis in countries such as Indonesia two years ago by insisting on harsh austerity measures as a condition for a financial bailout - which made the poorest and most vulnerable members of society pay the price for the errors of that nation's notoriously corrupt elite. Wolfensohn on Tuesday even saluted the demonstrators. "I believe deeply that many of them are asking legitimate questions, and I embrace the commitment of a new generation to fight poverty," said Wolfensohn...