Word: cashes
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...Handing out cash can be expensive, although all the governments of major countries are getting deeply into that business...
...tiered program, with extra restrictions applied to basket cases like AIG, Citigroup and Bank of America, all of which tapped the federal till for hundreds of billions of dollars to recapitalize their broken balance sheets. In addition to the cash limit, the "maximum wage" plan allows companies to reward "senior management" - a complement of no fixed definition - with restricted stock, but it can only be cashed in after the government is paid back. There are also prohibitions against golden parachutes as well as a clawback provision - the company may reclaim that stock if its results subsequently tank - that can extend...
...Hooverish partisans who are whining that the package has turned into a "spending plan," as if government spending were a preposterous strategy for jump-starting the economy. They're concerned with how the money would be spent. They're O.K. with a short-term injection of cash, but they don't think this is the time for long-term government investments. They want to focus on fighting the recession, and they don't see Pell grants, renewable energy subsidies, health-care technology and Head Start - much less a beautification of the Mall, contraception for low-income women or additional funding...
...that point the original mathematical projections for the performance of mortgage-backed paper began to sharply diverge from what was actually happening. With the cash flow from many mortgage pools dropping quickly, the derivatives based on them began to lose a tremendous part of their value. The paper became so "toxic" from a performance standpoint that the trading in the instruments locked up, making them illiquid and driving down their values even faster...
...economy's gotten so bad, it won't be long before we all revert to hunting-gathering. So it's no surprise that every company seems to be doing what it can to earn a little more cash - including airlines. Extra charges for food, movies and blankets have become commonplace, but could airlines also be lining their pockets with fees for overweight baggage measured on faulty scales...