Word: bankses
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The AIG bonuses were retention payments promised early last year, when it was clear that London-based AIG FP was in trouble but not yet apparent that its parent company wouldn't survive without $170 billion (and counting) in taxpayer aid. Without that aid, AIG would have gone bankrupt in...
Poor's Publishing (later Standard & Poor's) started selling its bond ratings to investors in 1916; Fitch followed suit in 1924. In the 1930s, federal regulators began using these private ratings to evaluate the safety of banks' holdings, among other things, but the importance of the agencies waned following World...
In a speech to 100 new advisers, Medvedev said the "reserve" pool of managers was created because "the appearance of new people in appropriate positions in our country is going very slowly." Dubbed the Golden 100, the group will eventually grow into a 1,000-strong collection of leading figures...
Over 200 demonstrations were organized across France on March 19, with early turnout suggesting participation would easily surpass the 2.5 million people who answered the Jan. 29 strike call. Beautiful weather helped swell the ranks of corteges marching throughout the day to protest the modesty of Sarkozy's stimulus package...
Does the comparatively modest nuisance caused by Thursday's action mean Sarkozy and the government can simply ignore the striking? Given the enormous turnout and rising public anger, pundits warn the answer is: No. Though Sarkozy granted $3.5 billon in additional tax cuts to workers following January's walk-out...