Word: costs
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...company, and Geithner had just orchestrated AIG's most recent handout - its fourth, if you are keeping score, for $30 billion on March 2 - to prevent the teetering insurance giant from going over the cliff and taking the rest of the global financial system with it. AIG had already cost the taxpayers some $170 billion, mostly to repair the damage done by one of its units, AIG Financial Products (AIG FP), which last year alone piled up $40 billion in losses related to its dealings in complex mortgage bond derivatives...
...effectively taken a page out of the AIG playbook for gaming the Administration and Congress. Henry Paulson and his associates were led to believe, perhaps rightly, that if AIG failed it would cost other financial companies so significantly that the government would have to bailout almost every large financial firm in the country. GM's argument is even simpler. A liquidation of the car firm would probably cost tens of thousands of jobs at the company, and many times that at suppliers. That argument is also old, but with the chance of liquidation in the next few months becoming more...
...culture of contrition as well. Public apologies now play like vaudeville: the extravagant remorse of disgraced televangelists, the snarled "I'm sorry" of celebrities who exude regret at being caught rather than being wrong, the artful admissions of politicians who want credit for their confessions without any actual cost. We've learned to peel them apart with tweezers, find the insincerity and self-interest: If I caused any offense (you thin-skinned morons), I regret it. And so apologies are drained of their healing powers...
...financial situation should not be cause for objection to the reinstatement of the transfer program. New transfer students will pay tuition while adding a very limited marginal cost to the College’s budget, requiring no new professors and being placed into existing advising programs. Although the addition of a few transfer students might require better selectivity in freshman admissions or a slightly greater burden on the House system, the benefits that they bring to the community far outweigh the costs. Harvard must reopen the option of accepting gifted transfer students, whether one, five, 20, or more. Divided among...
...about the coming bonuses on Jan. 15. So why didn't the Secretary of the Treasury, with all the resources of a government department at his command, know about it until Mar. 10, according to a White House time line? If it was simple ineptitude, it has nevertheless cost his boss, the President, considerable political and popular embarrassment. Geithner's job security may lie in the fact that the White House needs someone - anyone - with the right credentials to run the financial ship amid this storm. But adrift in an angry sea, Geithner is increasingly a troubled asset himself...