Word: brinkly
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...case for happy is that a mere nine months after the U.S. and Europe teetered on the brink of financial collapse, one of the stalwarts of the global financial system appears to have returned to robust health. Goldman has paid back, with interest, the $10 billion that taxpayers gave it in October. It's making bets and taking risks again (most of the profits came from Goldman's trading operations), which is what capitalism is about. "Is there a law in the United States that you can't make profits?" Democrat Paul Kanjorski, a senior member of the House Financial...
...shaken, but not traumatized. To my mother, on the other hand, I might as well have been hooked up to tubes and on the brink of death. I was forbidden from riding in cars with friends. As for my own license? If even Christine, my "responsible" friend, managed to get us into an accident, then I shouldn't ever be allowed behind the wheel. Since I was in no position to pay for my own car or insurance, I didn't argue...
...skepticism. Higher asset prices mean households feel wealthier and better able to spend, which could further fuel the region's nascent rebound. But just as easily, Asia could soon find itself saddled with overheated markets similar to the U.S. housing market of a few years ago - and on the brink of another crash. "The seeds are being sown for Asia's next bubble," HSBC economist Frederic Neumann said in a recent report. "The world has not changed, it just moved places." (Read "Asian Nations Step Up Support as Crisis Rolls...
...page report, entitled On the Brink of the Precipice, blames the state for failing to protect its citizens. "The government of Kenya is responsible for failing to intervene in the prevention of conditions that led to insecurity and lack of safety that in turn forced hundreds of thousands to flee their homes," the report read. "The responsibility for the massive eviction first goes to the state for failing to take steps to prevent their occurrence and, when forceful eviction started, for failing to take urgent steps to prevent its escalation." (Read about President Barack Obama's ancestral village in Kenya...
...only Argentine woman having a rough week. President Cristina Fernández de Kirchner suffered a major political blow when the ruling Peronist Party, led by her husband Néstor Kirchner, went down to defeat in midterm congressional elections. Néstor, a former President who rescued Argentina from the brink of economic ruin, resigned as party leader after the vote, which was seen as a referendum on the couple's handling of farm strikes and the sagging economy...