Word: broking
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...dumps more than $5 trillion - yes, with a t - of the firms' debt onto taxpayers, nearly doubling the amount Uncle Sam owes to his lenders. While we're trying to get our heads around what amounts to the biggest debt transfer since money was created, Lehman Brothers goes broke, and Merrill Lynch feels compelled to shack up with Bank of America to avoid a similar fate. Then, having sworn off bailouts by letting Lehman fail and wiping out its shareholders, the Treasury and the Fed reverse course for an $85 billion rescue of creditors and policyholders of American International Group...
...time I thought the song was about the complex of buildings that are effectively the headquarters of the Communist Party of China. I thought that I had perhaps stumbled upon a band singing true songs of (gasp!) protest—at least until the lead singer Zhang Shuowang broke into the chorus. It is not hyperbole to say that I have never seen so many cigarettes in the air at one time in my entire life. Fans began hurling them by the handful at the band as they sang, as if to the beat. Days later, my embarrassed coworker...
...Zardari, who returned to Pakistan from a visit to London as news of the incident broke, had also suggested he believed that air strikes would end. Speaking to reporters after a lengthy meeting with Prime Minister Gordon Brown, he said: "I don't think there will be any more [air strikes]." In his meeting with Brown, Zardari had urged the British prime minister to persuade the Americans to refrain from further attacks on Pakistani soil. "The U.K. agrees with us that such moves are counterproductive," says the Zardari aide, who had been present at the meeting...
...leadership battle inside the centrist Kadima Party erupted when Prime Minister Ehud Olmert was pressured into resigning by his party after police said he faced a possible indictment for alleged fraud and bribery. Even before the corruption scandal broke, Olmert's standing in the polls was abysmally low; blamed for a disastrous military campaign in Lebanon in 2006, his approval rating sank to 3% in the war's aftermath and remained in the single digits. At an exhibition hall in Tel Aviv rented by Kadima on election night to handle the media and party faithful - and where press outnumbered supporters...
...Shanghai World Financial Center admits that a real-estate slide has affected tenancy, with just 45% of the tower currently occupied. The hosting of the Olympics by Shanghai's northern rival only added insult to injury, even if local papers hastened to note that Shanghai's athletes broke more world records than those from any other Chinese city...