Word: coverable
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...wake of downgrades from credit-rating agencies, is raising tens of billions of dollars in fresh capital, an effort that was bolstered on Monday when the State of New York said it would let the firm use as much as $20 billion in capital from its subsidiary companies to cover its day-to-day operating needs. But if the company doesn't gain access to much more - it could need to raise as much as $75 billion - quickly, it might be next in line for bankruptcy...
...cause of all this trouble is pretty simple. Banks and Wall Street firms made trillions of dollars in loans they shouldn't have - chiefly subprime home mortgage loans. Now they're having to write off the losses, and some of them no longer have enough capital (money available to cover losses) to get by. Complicating matters for both outsiders and Wall Streeters is the alphabet soup of derivative securities (CDOs and CDSs in particular) that now trade in far greater volumes than stocks. It's the interaction of derivatives markets, debt markets and the housing market that has proved almost...
...rumor has something to hide. The net result is that uncertainty increases. In experiments, my colleague, Prashant Bordia, and I have found that the no-comment condition results in an increased sense of uncertainty and gives credence to the notion that the [target of the rumor] is attempting to cover something...
...When the final whistle blew, the city erupted. It seemed, I told my friend, that all of Egypt was out tonight, dancing, jumping, and singing in the streets.I had been in Egypt for just about two weeks. Having left the friendly confines of Ohiri field, I moved on to cover an away game of sorts; to see where soccer really lives and breaths: in every single other country in the world except for the United States. I’ve never been one for columns that come out admonishing Americans for hating soccer, being so ignorant to this beautiful game...
...record of chasing the bacon that McCain has fought for years. She pulled in $27 million in earmarks as mayor, requested $450 million in earmarks as governor and even supported the state's notorious Bridge to Nowhere before she opposed it. There isn't enough lipstick in Alaska to cover all that pork. (See photos of Sarah Palin campaigning here...