Word: bulks
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...resources for the IMF. Japan and the EU have already promised additional funds and more countries are expected to pledge additional money during the afternoon. The details on financial regulation are still being discussed but a 7-page addendum to the communique has already been prepared, suggesting that the bulk of detailed regulatory reform was agreed in advance. There may yet be sticking points, but on one thing at least, there's consensus: the politicians here want to come away with a real agreement. Jittery markets and anxious voters won't appreciate a fudge...
...Originally conceived simply as a mutual-defense pact among its members, the Alliance began to adopt a more expansive role during the 1990s, tackling the crises of Bosnia and Herzegovina and Kosovo as Yugoslavia collapsed. Today, NATO forces continue to provide the bulk of peacekeeping troops in those countries...
...apropos of credibility, although NATO commands the International Security Assistance Force mission in Afghanistan, many of the troop contingents are sent with caveats that prevent them from being used in combat. Instead, the bulk of the fighting there has been done by the 36,000 American soldiers - and small contingents of British, Canadian and Dutch troops...
...simple explanation for this divide is that the Geithner plan - which calls for Treasury, the Federal Reserve and the Federal Deposit Insurance Corporation to finance the bulk of up to $1 trillion in toxic-asset purchases by private investors - is a great deal for the investors and a big risk for the taxpayers. The math calls for the government to take on most of the downside risk while evenly sharing the rewards with hedge funds, money managers and other buyers. In the loan-buying program, private investors would put up 7% of the capital for a shot at close...
...river, awestruck, at the ultramodern skyscrapers of Pudong that have transformed the city's skyline in not much more than a decade. It wasn't what was on the far side, though, that got my attention: it was the traffic on the river itself, great container ships, chuffing lighters, bulk carriers, every sort of waterborne vessel you could imagine carrying every imaginable cargo, churning up the waters...