Word: brinks
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...credentials, she once said, began and ended with "a speech he made in 2002"? Nowhere did Obama and Clinton attack each other more brutally last spring than on the question of who was best equipped to handle international relations in a dangerous world. That they could be on the brink of becoming partners in that endeavor is the most remarkable evidence yet that Obama is serious about his declared intention to follow another Illinois President's model in assembling a "team of rivals" to run his government, in what could be a sharp contrast with the past 40 years...
...watch on Sunday night, Daly said, “We’re old now.” We’re not old now (not yet), but I’ve finally resigned myself to the idea that I’m on the forestalled brink of adulthood. Time flies and things change, whether for the better, the worse, or the entirely indifferent...
...trading at par with the U.S. dollar. That squeezes manufacturers and grounds exports, since a strong Loonie deprives Canada of a cost advantage it has enjoyed for years. The Canadian dollar has weakened recently, but now the financial problems threatening to push Detroit's auto industry over the brink have also gripped the Canadian subsidiaries of GM, Ford and Chrysler. See the 50 Worst Cars of All Time
Still, not everyone agrees that the situation is on the brink of despair. "The credit-card industry is being likened to what has happened in the mortgage industry," says Greg McBride, senior financial analyst at Bankrate.com, a personal-finance website. "I don't see how the two should be mentioned in the same sentence." He reasons that even if credit-card defaults reach a record high of 10% of the $970 billion in revolving debt, a chunk of that total will get paid off in full every month, which would result in an aggregate default of less than $100 billion...
...over the world, hedgies like Tse are taking it on the chin, victims of the global financial crisis and the one-two punch of poor returns and unhappy investors. After nearly doubling in size since 2002, to around 8,000 total funds last year, the industry is on the brink of a brutal contraction as customers - rich investors, university endowments and pensions funds that make up the bulk of hedge funds' clientele - rush to withdraw their investments. Some analysts predict that a quarter of all hedge funds could fold by the end of the year. Stephen Brown, an economist...