Word: blockings
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...ratio of 40.5. They must either sell $9.7 trillion in assets or raise $485 billion in capital to bring leverage down to 20. The Royal Bank of Scotland (estimated leverage: 39.3) has already started slimming down. It recently put its retail and commercial businesses in Asia on the block. New CEO Stephen Hester has announced plans to create a subsidiary that will hold about $477 billion of the bank's assets that are earmarked for disposal...
...prove a perfect laboratory for Bauhaus, after urgent tinkering. The young Jewish architects who arrived from Germany, Poland and Russia with blueprints tucked under their arms were used to gloomy winter climes where sunlight was as rare as gold. In Europe, designs were made to trap sunlight, not block it. All that changed on the Palestine Mandate's dazzling shores, where designers realized that the fierce sun and parboiling heat were to be shunned. Gone were the big windows, replaced by narrow strips. Rooftops were given shade, balconies grew overhangs and designs were retooled to let the cool sea breezes...
...from stage left, the secular savior trounced a “maverick” opposition with his calming rhetoric and confident stoicism. His most celebrated campaign poster Photoshopped him down to a few clean strokes and the reassuring hues of red, white, and blue; beneath his portrait, in bold block letters, was inscribed a single word—“HOPE.” It was simple, but it was enough. That one word, transmitted across the nation from person to person as current through a wire, galvanized the masses into elevating a young senator from Illinois...
...Faust wrote an email to the Harvard community hinting at the University’s financial woes. The revealed endowment loss was large, a full 22 percent down. With no major cuts yet made, we declared our preparedness for hard times. With so much potentially on the cutting block, we conceded that cuts to student life may be necessary to maintain our academic culture. Soon though, it became apparent that small cutbacks to House barbeques and formals were not going to be the end of the cutbacks. February brought on the announcement of a major delay of the Harvard-Allston...
...wait-and-see approach, though his patience is wearing thin. "The time for do-overs is over," says Jim Manley, a Reid senior adviser. "Now is the time - now more than ever - for Norm Coleman and Washington Republicans to stop once and for all their ongoing effort to block President Obama's agenda...