Word: capitale
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As a bank holding company, GMAC will have expanded opportunities for funding and access to capital, which will provide increased flexibility and stability. As part of the transformation, GMAC must complete a tricky $38 billion debt restructuring, getting bondholders to accept new terms and steep discounts. The deadline for cutting...
Is there a credit crunch? Was there ever? Those questions may seem absurd. Throughout the autumn, the interest rate banks charge each other broke one record after another as trust between institutions evaporated, investors stashed so much cash in super-safe Treasuries that yields approached zero, and the private securitization...
But now the number of new residents appears to be slowing. "[In 2008] officials' zeal for executions was not matched by public desire for new death sentences, as evidenced by the continued steep decline in the number of new inmates arriving on death row," Houle says. Nowhere was that more...
But along with changes in sentencing guidelines, something else has changed in Texas, death-penalty opponents claim. In the past, both Democrats and Republicans for high office have embraced the death penalty as an issue, but in recent elections, Houle notes, the issue has been rarely raised. Improved access to...
There is no doubt that an Obama presidency will mark a suspension of the assault on unionization that started under Ronald Reagan and peaked under George W. Bush. Obama is sure to appoint labor-friendly members to the National Labor Relations Board and begin to undo many of the obstacles...