Word: creditably
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...Credit Suisse, Switzerland's second largest bank, posted a $7 billion loss in 2008 and slashed thousands of jobs. But so far it has not suffered from the loss of client confidence that UBS faces. The biggest winners are small banks because "they keep their noses clean and stay out of the United States," Bretholz says. "The Swiss want their money to be safe, and they can no longer find security in big banks that operate internationally and are exposed to global risks...
Ford proposed a complex plan to retire nearly 40% of its long-term obligations. The company wants to restructure its debt through a combination of a conversion offer by Ford and cash tender offers by Ford Credit. The car company will attempt to get holders of $4.88 billion in convertible notes due in 2036 to move their holdings into the common stock of the company. The debt carries an interest rate of 4.25%. At the same time, Ford Credit will begin a $1.3 billion cash tender offer to purchase certain series of Ford's outstanding unsecured, nonconvertible debt...
...their credit, President Hu Jintao and Premier Wen have talked about the importance of expanding China's safety net and boosting rural incomes. But the global economic crisis may force them to move more quickly on these fronts. China's unemployment rate could reach 14% before the crisis is over, according to one recent study, even with all the infrastructure spending Beijing is throwing at the problem. Wen himself said Thursday that if the economy doesn't grow 8% this year (and only the most optimistic economists believe it will), the country risks politically destabilizing social unrest...
...think it is a defect to draw initially on some of these courses,” said History Professor Charles S. Maier ’60, whose departmental course History 1920: “A Global History of Modern Times” now counts for Gen Ed credit in Societies of the World. The College’s new general education program was designed to mirror the traditional underpinnings of a liberal arts education, imparting broad knowledge in a wider variety of categories and encouraging a greater real world application of curriculum, according to Gen Ed administrators. Music and African...
...friendly form of urban transportation. Since its introduction in July 2007, Paris' Vélib' program has facilitated 42 million rentals by 177,000 people with annual subscriptions to the system and countless others who have rented bikes on a one-off basis. The program allows riders to use credit cards or subscriptions to hop onto one of the program's 20,600 bikes from 1,451 stations around Paris and its nearby suburbs. And the ride is free if the large, gray Vélib' bike is returned within 30 minutes. The inexpensive and convenient service has been embraced...