Word: bargains
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...Sure, the banks look healthy now. They have been well-regulated and very prudent. But somebody is going to have to buy up trillions of dollars of these liquidated wind-farm assets. The huge discounts will make it impossible for the big banks to say no to this bargain. And when they do, they will have much less left over for their traditional lending activities...
...cooler heads in both Beijing and Washington now seem to be back in control. Barack Obama and Hu Jintao had an hour-long phone conversation last week, after which the Chinese President agreed to attend a nuclear summit in Washington. And on the volatile issue of trade, a grand bargain of sorts now appears to be taking shape: In return for delaying a decision on whether to list China as a "currency manipulator" - long a dream of protectionists in Congress - China is sending signals that it will soon allow its currency, the renminbi, to appreciate. "The Chinese know very well...
...most dangerous materials known to man came to find itself in Chile is the result of one of the great gambits of the 20th century. In the mid-1950s, as the international community became seriously concerned about nuclear proliferation, states that had nuclear weapons offered the world a bargain: they would give countries HEU in exchange for an inspection regime that could verify it would be used only for peaceful research and not weapons. Atoms for Peace, as the U.S. called the program, became the founding principle of the International Atomic Energy Agency (IAEA) and, later, the Nuclear Nonproliferation Treaty...
...energy independence, we need to begin the transition to cleaner fuels now," said Obama. But to make that happen, we need a climate bill - and to pass a climate bill, we may need some offshore drilling. It's far from a sure thing, but it might be the only bargain left to strike...
Icahn has earned accolades on Wall Street for his savvy stock-picking choices, knack for launching feisty board battles at poorly performing companies and, most importantly, his ability to snap up unwanted, undervalued or mismanaged companies at bargain-basement prices and turn them around for big profits...