Word: bettering
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...challenged, because that's where you learn. Just like in sports, you become much better when you play tougher competition." -Speaking to a group of students at the University of Michigan's Ross School of Business. (The Monroe Street Journal...
...Although it is difficult to face, there is still a fair amount of evidence that the economy could be in the midst of another sharp drop. Recent housing figures may have been slightly better than expected, but less awful is still awful. Several large U.S. companies, lead by utilities giant American Electric Power (AEP), said that the year would be worse than expected. It probably is a sign of severe trouble when the electric company is cutting costs. Whether GM goes into bankruptcy or not, it is still shrinking its workforce. Last week 7,600 salaried workers took buyouts. Chrysler...
...that opens the door to the possibility that the government's plan to save or create 3.5 million jobs in the next two years is wholly inadequate. It means that the number of people who are out of work could go up by six million or better before the end of 2009. The government has no remedy for that. Even $1 trillion deficit due to money spent largely to save the economy will be inadequate and, if unemployment numbers are getting worse, everyone will know that before most of the stimulus dollars are even spent. (See pictures of the global...
...their assets to protect against unexpected losses and more tightly manage their links to other financial bodies. By forcing big hedge funds to register with the Securities and Exchange Commission, thereby releasing their portfolio information, the government could determine which funds pose a threat to the economy and better regulate those funds. Geithner’s plan proposes this change as well as a more comprehensive oversight of derivatives (such as the regulation of credit-default swaps) that would be traded through a clearinghouse. Finally, endowing the government with the power to resolve large, failing financial institutions other than banks...
...like to get to a point where every analyst and operations officer is trained in a foreign language," he said. Panetta also said he'd like to increase the number of minorities at the agency to 30%, "so that we resemble America." And he acknowledged the need for "better outreach for Muslims, Arabs, African Americans and Latinos." (Read "Six Ways...