Word: corporatese
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Amping up the sport of sailing is the point of Extreme 40 racing - and fortunately nobody has died yet. Collisions and capsizes come with the territory (when a sail the size of a tennis court fills with wind, a 1,300-kg carbon-fiber boat feels like it could flip...
Branding endangered species rankles some greens, but Michael Bean, chief of the Environmental Defense Fund's wildlife program, sees it as a positive trend as the list of imperiled animals grows and other funding falls. "Potentially, it can do a lot of good," he says, "as long as there are...
Issuing pink slips en masse is a political nonstarter in India, and it's even less likely to happen in an election year. With India's flagship information-technology sector under global scrutiny, the government looks keen to salvage Hyderabad-based Satyam, the country's fourth-largest outsourcing company. "I...
Today, even though only about one-fifth of all retail credit union deposits make their way to corporate credit unions, corporates still fill an important role in providing liquidity and other sorts of services - like check-processing - to the industry, especially to smaller outfits. Were a corporate credit union to...
What is certain is that no matter the long-term viability of the corporate credit union model as it currently exists, the NCUA is banking on retail credit unions having a short-term interest in preserving the system through such a trying time. The way the liquidity injection is structured...