Word: centralizes
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...Lewis looks out over the expanse of Central Park - a panoramic view he calls the most beautiful in the world - and describes the last time he exercised that skill. About a month ago, the CEO of Countrywide Financial, Angelo Mozilo, called him to ask for help. The beaten-down mortgage lender, whipping boy for everything that went wrong in last year's mortgage meltdown, was facing rumors of bankruptcy after burning through an $11.5 billion credit line. Lewis had already invested $2 billion of his company's money in Countrywide, a sum by then worth half of that...
...capitalist solution befitting a quintessentially capitalist city. Need to grow to keep pace with competitors? Find a merger partner. "I think a closer relationship with the mainland is inevitable and by now is accepted by both sides," says Shiu Sin-por, a member of the Hong Kong government's Central Policy Unit...
...luxury. Atmar can't find enough money for his most pressing needs. He got only $282 million this year, $216 million short of his bare-bones operating budget. Of the 40,000 teachers the Education Ministry said were necessary to meet the demand for schooling this year, the central government has been able to budget for only...
...them were in the southern provinces, where a Taliban-driven insurgency has made it nearly impossible to secure the schools. But the violence is creeping closer to the capital. In June 2007, two gunmen on a motorcycle shot dead three female students coming out of high school in the central province of Logar, a 1 1?2-hour drive from Kabul...
...added on the eve of his departure for Washington: "There is lots of frustration in Poland about the discongruity between the American declarations and the real state of our cooperation. The U.S. reaction to our expectations will be a test whether Washington really treats Poland as its partner in Central Europe...