Word: billion
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...than the fact that Goodyear Tire and Rubber Company, her employer of nearly 20 years, had been paying her less than every one of her male colleagues. Additionally, in 2008 the Supreme Court voted to reduce the amount Exxon Mobil had to pay for an oil spill from $2.5 billion to $500 million, covering the cost of the economic losses while disregarding thousands of Alaskans whose livelihoods were destroyed by 11 million pounds of oil. After this most recent decision, we hope that the tide of the Supreme Court’s decisions can be turned before individual rights...
...largest CDS counterparty, for instance, according to Blackrock was willing to unwind the bond insurance its had bought from AIG on its lowest quality bonds for 90 cents on the dollar, or for 10% less than what AIG had originally promised to pay. About 30% of the $16.4 billion in CDS contracts that SocGen had bought from AIG were on bonds rated BBB or worse. A 10% discount on those contracts would have saved AIG $475 million...
Other banks were willing to strike even more generous deals. UBS initially told AIG that it would take collateral worth 35% less than what the insurer owned on 55% of the $4.3 billion in CDS contracts it had sold to the Swiss bank. For the remaining 45%, UBS was willing to allow AIG to pay 10% less than what it had originally promised. Those deals would have saved AIG about $1 billion. AIG later broke off those negotiations, and as with all of its other counterparties, paid UBS in full. BlackRock, in the report, said Goldman Sachs, French bank Calyon...
...still questionable that the Federal Reserve saved taxpayers money by paying off Goldman and others in exchange for the bonds. The government gave AIG $29.6 billion to pay off the rest of its CDS contracts, acquiring the bonds in the process. Those bonds are now worth $23.5 billion. Either way, Uncle Sam winds...
...church of having a living "Pope Emeritus" while his successor tried to establish his reign. The vexed question of papal resignation has become increasingly important as a result of modern medicine's ability to potentially extend a Pontiff's life long past his ability to effectively run a 1 billion-strong global church. (See pictures of spiritual healing around the world...