Word: boosted
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...most attractive way to balance America's commitments and its power, of course, would be to increase the latter--to do the foreign policy equivalent of growing revenues rather than slashing jobs. But the harsh reality is that in the short term, Obama won't be able to dramatically boost U.S. power. He can enlarge the armed forces, as he has pledged to do, but even if he increases the number of troops and repairs the tanks, the top military brass will still be far more reluctant to use them. So will the public, which wants out of Iraq...
...record suggests there are some things a President can do to boost his long-term value. Of all his predecessors, Bush may have the most to learn from Herbert Hoover, the one to whom, given the current Great Recession, he is increasingly compared. Bush may not be popular, but there aren't crowds calling for him to be hanged or accusing him of raiding Fort Knox before fleeing the country. Hoover left office in an even deeper hole than Bush does, but he had the great advantage of a strong constitution. He lived another 31 years, during which time...
...government guarantee on bonds issued by banks, earmarked to close in April, was extended to the end of 2009. And Northern Rock, the mortgage bank crippled by the credit crisis and nationalized in 2008, will abandon plans to wind down its mortgage book, the government said, and instead boost funds available to home buyers. (Read "Four Steps to Ending the Foreclosure Crisis...
...other words: further nationalizations. Three months after it pumped $30 billion in emergency capital into the beleaguered Royal Bank of Scotland, the government on Monday upped its stake in the bank to almost 70% in order to help boost its lending capability. The timing could hardly have been worse: the bank announced on Monday that its losses for 2008 could be as high as $41 billion - by some stretch the biggest loss in British corporate history. Much of that loss is due to RBS's ill-timed acquisition of Dutch lender ABN Amro in 2007. "Yes, I'm angry...
...Whether Brown's policies offer better solutions remains to be seen. While there's little more it can do to boost domestic banks' lending, the government is still "doing everything on an ad hoc basis," reckons Simon Maughan, banking analyst at MF Global in London. "There is a serious risk that if Gordon Brown's poll rating falls, then he'll do something else, but it won't necessarily be constructive. We're going to have a recession, and at some point, you've just got to suck...