Word: bankes
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Dates: during 2000-2009
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...Paulson stayed away from the bonus issue for two reasons. The first is that fighting with the banks over which investment banker should be paid what amount would have taken too long. The second was that he did not want to appear to be the de facto CEO of all the companies which got TARP money. He decided that in this crisis the banking executives would have to use their own discretion in the use of the money. He chose to leave this decision to their boards and not the Treasury. And as it became clear that the government would...
...preordained that they will despise each other. For a few scenes, anyway. If only they'd introduce betting counters at the multiplex. I'd like to have been able to gamble on the chances that Ted and his plow would eventually encounter Lucy and a pesky snow bank...
...Mexico Fewer Dollars Equal Fewer Pesos For the first time since the Mexican central bank started keeping track, remittances to the country fell in 2008, from $26.1 billion to $25.1 billion. After oil exports, money sent home from workers abroad--mostly from the U.S.--is the largest source of foreign income in Mexico. The central bank expects remittances to keep falling in 2009, thanks in part to layoffs in the U.S. construction sector; Mexico's overall GDP is also expected to shrink. A January report from the Pew Hispanic Center showed that while the same percentage of Latino immigrants...
...that raw brainpower comes with handicaps as well, including a tendency to make verbal blunders that haunt Summers for years. As chief economist at the World Bank, he penned a memo explaining the "impeccable" economic logic of dumping toxic waste in developing countries, igniting a firestorm despite his protests that he was being sarcastic. Years later, as president of Harvard, he publicly raised the hypothesis that women have a less innate ability for science and math than men do, sparking a controversy that helped lead to his dismissal from the top job, despite repeated apologies and clarifications. "The stories...
...elderly woman dies with $691,000 in the bank, it's evident that she didn't need the government money to pay for her health care or to avoid plunging into poverty. She wasn't lying or cheating--she might have been legitimately worried--but her worries turned out to be unnecessary. And society, having kept its promise to her, should get at least part of that money back. Oh, yes, designing a system to achieve this would be a nightmare--maybe impossible. The incentive for old folks to squander their savings would be enormous. Maybe it can't work...