Word: basically
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...capital shortage is a capital shortage," says Anil Kashyap, professor of economics and finance at the University of Chicago Graduate School of Business. To Kashyap and a number of economists, this has been the problem from the beginning, and any proposed solution that doesn't address the basic issue of recapitalizing banks won't succeed in the long run. Treasury has now come to the same conclusion: the best way to shore up both the banks' balance sheets and their confidence in lending (to each other, to businesses, to us) is to become an investor in them...
Other nagging issues: the Federal Communications Commission has castigated Comcast for shortchanging some broadband customers when it comes to delivering the service they pay for. The National Football League has long been sparring in and out of court with the company for not carrying the NFL Network as a basic channel. Also, subscribers have been furious about weak customer service despite robust cable bills, which, industry-wide, have risen at twice the rate of inflation since...
Since it became clear that Verizon is a threat, Comcast has also stepped up its marketing. That includes discount packages featuring, say, cable TV, Internet and telephone service for $99 a month. While Comcast has lost 195,000 basic-cable customers in the past two sluggish quarters, it has added 1.2 million telephone subscribers, bringing that total to about 5.6 million, as well as adding 770,000 lucrative broadband customers...
...dance classes the team offers (along with Salsa, Waltz/Tango, Lindy/Blues, Latin Medley, and Ballroom Intro), the group is on their third session and a few dedicated regulars are already reviewing the basic steps in the cramped stairway. When the time comes (inadvertently, it seems, at seven minutes past the hour), we all file in and everyone removes their shoes to don dance-floor appropriate socks...
...change of heart? Basic economics. Fewer than 1 million cars were sold in the U.S. last month - the lowest monthly figure in 15 years - as car loans and job prospects dried up for many Americans. And in Europe, where nearly half of car purchases are financed, auto executives have told reporters that they are bracing for tough times ahead. (Click here to see the most important cars of all time...