Word: bulks
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Dates: during 2000-2009
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...currently the subject of a retrospective at the Hammer Museum in Los Angeles--created audacious buildings in Palm Springs that helped revolutionize the way Americans lived and played. Out went stuffy Victorian parlors; in came sleek, glass-walled structures that blurred the line between indoors and out. The bulk of what these architects designed was residential, which meant the only way to see one of the buildings back then was to have Frank Sinatra invite you over for drinks. Today, though, many Modernist homes are available as vacation rentals, including the long, lean, flat-roofed manse that once belonged...
...Nixon White House. He had just spent seven years running Goldman Sachs, the current cream of Wall Street firms (and also the place that prepared Robert Rubin for his successful 1990s tenure at Treasury). But the key to understanding Paulson's approach is that he spent the bulk of his career not as a manager but as an investment banker. What a good investment banker does is build relationships - chiefly with the CEOs of companies whose business he is courting, but also with anybody else who can help make deals happen...
...Treasury Takes Charge Paulson doesn't disagree, and the legislation to backstop Fannie Mae and Freddie Mac - the government-created, shareholder-owned corporations that buy the bulk of U.S. mortgages and repackage them as securities - can be seen as the first big step toward Treasury's taking the cleanup job out of the Fed's hands. Fannie and Freddie owe or guarantee immense quantities of debt ($5.2 trillion, or almost as much as the Federal Government owes investors) but hold only tiny capital reserves to insure against losses. With house prices down 18% nationally since mid-2006 and defaults rising...
...created by the assassination of Benazir Bhutto, the former Prime Minister to whom he had long been loyal. Despite Gilani's title, however, it is Bhutto's widower, the controversial Asif Ali Zardari, who is the true power behind Bhutto's People's Party and who has made the bulk of the decisions from his heavily guarded home in a leafy Islamabad neighborhood. Zardari is not shy about his influence, using words like "my government" and referring to himself as a "father" to the People's Party, just as Bhutto was its "mother." But now, Gilani, four months after...
...accumulated 36 counts to 11; Mirko Klarin, an observer at the Hague court since its inception, says it may thus make better headway than it did in the trial of Milosevic, who died without a verdict in 2006, four years after his trial opened. Klarin says the great bulk of the events for which Karadzic faces trial - including the Srebrenica massacre - have already been adjudicated in other cases. "The main problem will be to prove linkage [to Karadzic]," he explains. "The crimes have already been proved...