Word: cashed
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...Financial-services companies starving for cash during the subprime-credit crises, where bailout money comes from is less important than the fact that it's available at all. Just ask investors in Citigroup. The global banking giant has reported billions of dollars of subprime losses, raising concerns that some of Citigroup's assets might have to be sold off at fire-sale prices just to keep the company sufficiently capitalized. But on Nov. 26, New York-based Citi was handed a lifeline by an unlikely rescuer. The Abu Dhabi Investment Authority, a $625 billion sovereign wealth fund...
...reason for that is clear enough. At a time of extreme stress in global equity and credit markets, many governments have surplus foreign exchange to play with - and because of the falling dollar, they are increasingly interested in investing their cash where it can earn greater returns than U.S. Treasury debt, the traditional safe haven. The largest SWFs - the so-called Super Seven, which includes China, Russia, Abu Dhabi, Kuwait, Norway and two Singapore funds - control up to $1.8 trillion. By 2011, assets under management at SWFs worldwide are projected to grow almost fourfold to nearly $8 trillion, according...
...West. After all, Abu Dhabi's SWF will reap an 11% annual yield from its Citigroup stake, nearly double the dividend yield currently available to ordinary shareholders. Having been burned once by Blackstone, the Chinese are now twice shy. But other sovereign wealth funds out there are flush with cash - and fortune favors the bold...
...make it rain.” The act of “making it rain” involves bringing large quantities of money to a locale (read: strip club), and then throwing said money in the air, thereby making it “rain” cash upon the revelers (read: strippers). Admittedly, the term is open to interpretation. When students were asked whether they were aware of the definition of making it rain, responses varied. “When I think of that term, I can only conjure images of certain fluids flowing other than champagne...
...forced to admit state "coffers are empty," and can't finance aid to consumers. Sarkozy proposed that unions and companies negotiate an effective junking of the current workweek in exchange for rises in long-frozen salaries, and for employees to be able to trade accumulated days off for cash. He also recommended permitting Sunday trading at double pay for workers, and measures to ease rent inflation - a combination of initiatives Sarkozy said would generate up to $7.5 million in additional household income...