Word: clear
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...components of Treasury Secretary Tim Geithner and President Barack Obama's plan to fix the financial system. They are designed to determine which banks would fail and which would survive if the economy worsens, as some economists expect. But when they were announced in mid-February it was not clear what the government would do with the information collected. Would it shut down a troubled bank...
...Changan Auto Co. is prepared to take a vulture-fund approach to buying assets. He said, "The longer the crisis lasts, the bigger the chance of failure or a scale-down of some American and European automakers." It is a brutal but honest assessment of the industry, and a clear and public sign that China believe that "money talks...
...question is whether the IMF is up to the job being thrust upon it. The huge boost to its reserves exists on paper, but it's not yet clear where all that money will come from. Japan has pledged $100 billion. Gordon Brown, the British Prime Minister who hosted the G-20 summit, said the European Union would put up $100 billion and that China would provide $40 billion. But Chinese officials wouldn't confirm that amount - and even if the money is forthcoming, it still leaves $260 billion unaccounted for. At a time when governments are financially overstretched, that...
...villains in this saga are not sorry. Almost 70 years ago, C.S. Lewis wrote that "the greatest evil is not done in those sordid dens of evil Dickens loved to paint but ... in clear, carpeted, warmed, well-lighted offices, by quiet men with white collars and cut fingernails and smooth-shaven cheeks who do not need to raise their voices." Never before has the truth of his words been so apparent. Vicky Brago-Mitchell, Los Angeles...
...just nine kills on the night.“After the first game, we were close, but we could never match [Rutgers-Newark],” Jones said. “They just came to outplay us the whole night.”By the third set, it became clear who wanted—and needed—the victory more. An early 4-4 tie kept Harvard within striking distance, but the Scarlet Pioneers would not relent their strong offensive showing, extending a 19-11 lead after yet another service ace by junior Jon Keller. The lead would widen...