Word: bustingly
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...Many observers claim that this means the rehab program is a bust, but both U.S. and Saudi officials argue that its successes far outnumber the handful of recidivists like al-Shihri and al-Oufi. "These things are never going to be perfect, but when you look at the big picture of rehabilitation, it's a remarkable story," says Christopher Boucek, a Carnegie Endowment scholar who has closely studied the Saudi program...
...Treasury, Geithner will be tugging on the economic levers himself - levers that are, thanks to outgoing Secretary Hank Paulson, far more powerful than they had been. Colleagues say Geithner privately acknowledges that the U.S. economy is still sinking fast and the root cause of the problem - the housing bust and ensuing credit crunch - is still very much with the nation. Critics will ask at his confirmation hearing how the incoming Administration plans to prevent things from getting even worse. His personal finances may be called into question, in light of the revelation that he initially failed to pay part...
Those days in Tokyo underpin Geithner's current worldview. Remember: Japan went from boom to bust because a credit-fueled housing bubble burst. Sound familiar? The result was Japan's infamous Lost Decade of little to no economic growth. And it was, in part, the withdrawal of Japanese capital from the region that helped set off the Asian crisis in 1997 and '98 - when countries from Thailand to Russia to Indonesia to South Korea devalued their currencies and saw their economies crash. The lesson for Geithner was clear. "From my time in Japan and then dealing with the crisis...
...Looking at a history of price-rent ratios is one way to tell the story of the housing boom and bust. The average of those 54 metro areas pretty much stayed in the 13-to-15 range from 1983 (when Economy.com's data begins) through 1999. From 2000 to 2001, the ratio started drifting upward, and it really took off in 2002, getting up to almost 25 in late 2005 and early 2006. Since then, the number has fallen, but not yet back to its 15-year average - though that average might be overstating where the ratio will eventually level...
...remains to be seen how deep the Sinaloan beauty queen was in the pockets of the drug capos. Soldiers made the bust in the western Mexican city of Guadalajara after a tip-off from an informant. They stopped Zuniga and the seven men as they cruised around town in a pair of bulky SUVs. Police allege the beauty queen's boyfriend, Orlando Garcia Urquiza, who was in the cruiser with her, is a high-ranking member of the Juarez Cartel, which controls smuggling into west Texas. Garcia's brother Ricardo was identified as the cartel's operational commander when...