Word: broad
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...Some Russia watchers are expecting much more upheaval. Vladimir Savov, an analyst for Credit Suisse in Moscow, sees the recent turmoil as the beginning of a broad consolidation of Russia's highly-leveraged banking sector. "We want to hope that this will improve the resilience of Russia's financial markets in the long term," he says, "although in the near term the process could be painful." Renaissance says it had been in talks for some time and didn't act out of distress. But its move came a few days after the first financial institution fell victim to the crisis...
...bank chiefs on a first name basis. Still, the Swedish experience could hold other lessons, says Robert Bergquist, chief analyst at SEB, one of Sweden's largest banks. "The Swedish success depended on four factors," he explains. Stockholm acted quickly, in open acknowledgement of the problems, and under a broad political agreement across the party spectrum. "Running parallel with these three factors," he says, "a new economic policy - new goals for inflation and the budget - was developed after the crisis...
...Castellanos was the chief strategist for the presidential campaign of former Mass. Gov. Mitt Romney. He currently serves on the John McCain for President Ad Council. Carrie Sheffield, a first-year public policy student at the Harvard Kennedy School, said that she was impressed by Castellano’s broad range of knowledge and his frank assessment of the heated presidential race. “I was interested in his insider perspective and surprised that he spoke so favorably about Obama,” Sheffield said...
...literally all night working with the Federal Reserve to frame a deliberately vague proposal that could make it through Congress. The key issue was to get something that could pass, and quickly, as failure would produce a panic that would be unstoppable. What they came up with was the broad, three-page plan giving the Treasury $700 billion to buy back Wall Street's toxic mortgage-backed assets and eventually repackage and sell them...
...Topaz (11 Dunster Street) opened. Passport sells travel clothing and accessories; Looks sells women’s clothing; and Topaz offers women’s jewelry and gifts, The store owners said that their goals are both to sell elegant and homey objects and to reach out to a broad type of consumers. The owners, many of them young entrepreneurs, named the Square’s commercial and high-traffic environment as the allure that drew them here and said that they hope to bring individuality to shoppers in Cambridge. Topaz said the store sells jewelry starting...