Word: bails
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...Human Development Index and boasted one of the highest GDP's per capita in the world. But its banks, carrying massive debt loads, became early victims of the global credit crunch. In October, in an effort to salvage the hemorrhaging economy Haarde's government negotiated a $10 billion bail out package with the International Monetary Fund...
...however, have not sat well with Seoul. Now Park has been taken into custody by the government and, according to his lawyer, faces a maximum five-year prison sentence for allegedly spreading false information with the intention of harming or threatening public interest. Late last week, Park was denied bail...
...points out, this bond is breaking down. "The younger segment, with zero to five years of experience - for them the loyalty factor doesn't work anymore," he says. "They follow the big bucks. I think if they had a choice, a larger percentage [of Satyam employees] would like to bail out." E. Balaji, CEO of Ma Foi Management Consultants, says the uncertainty of the job market may be a deterrent. "People who joined the workforce from roughly 2004 onwards assumed everything would only go up," he says. "They saw real estate, stocks, salaries going up, and forgot that there...
...accept my profound apologies for the terrible inconvenience that I have caused over the past weeks.' BERNIE MADOFF, the Wall Street broker accused of operating a $50 billion Ponzi scheme, in a letter to his neighbors published a day before a federal judge allowed him to remain free on bail...
...when will there be a better time? We should bail out the public sector, but only with serious strings attached; otherwise, we'll repeat the bailout of the financial sector, which pocketed the federal handouts and kept doing whatever it pleased. Bailouts should be reserved for states and communities facing the most drastic contractions - and even those shouldn't be rewarded for frittering away surpluses on sunny-day tax cuts and race-to-the-bottom subsidies designed to lure out-of-state businesses. States shouldn't be rewarded for keeping their fiscal houses in order by stiffing Medicaid programs either...