Word: cash
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...first proof against that is the fact that online newspaper content is not attracting advertising. Online revenue for the New York Times Co. dropped in the first quarter. The combination of the content's quality and that ability to focus on valuable groups of readers did not bring cash flooding in the door...
...early parts of his career being attacked by Congress. Legislators were not happy that he could not come up with details about the Administration's stimulus program and plans to buy bad assets from banks by recruiting shrewd investors from Wall St. and giving them access to taxpayer cash...
...that the "vast majority" of American banks are well-capitalized. He neglected to mention which financial firms are in trouble. It could be that two of the four largest banks in the US have too much trash on their balance sheets to make it through the year without large cash infusions. If anything like that is true, how well all the medium-sized banks are doing is hardly material. Since Geithner did say that only about $110 billion of the TARP was left in reserve, the water is inching toward the top of the levy. He did not refer...
...negotiations which can drag on for weeks, the sum is agreed - usually more than $2 million for a container ship or oil tanker. Then the cash is air-dropped by private security companies that specialize in delivering ransoms to Somali pirates; insurance brokers say that's only about three companies. "The money is concealed in large floating plastic containers, and flown by air and dropped," says Mike Regester, an insurance broker for the London company Cooper Gay, which covers oil and shipping companies for kidnap and ransom. "Then the pirates go out and pick it up," he says...
...seizures; they say they were astonished last November when the Saudi supertanker Sirius Star was seized, since its side had been regarded as too high for pirates to scale. The pirates finally released the ship and its crew two months later, after a security company dropped $3 million in cash over the Indian Ocean. "Even with the best protections in the world, you still have the risk because the pirates are very well armed and trained," says risks underwriter Bonnissent. "It is not as easy as it seems from an office in the Western world...