Word: creditably
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...total revenues a little over $3.8 billion, with only eight of the Premiership's 20 clubs reporting an operating profit. Revenues have increased, thanks to a new TV deal, but so too have wages. If the global economic slowdown eats into ticket and merchandising sales and the credit crunch suddenly trims the money available even to top clubs, the transfer market may see something of a correction - a development that could make middling leagues more competitive. And heaven help clubs boosted by vanity investment if their benefactors were to suddenly walk away. Even before this summer's spending is added...
...year's end--but the last-minute moves are already changing the landscape the next President will inherit. As for Rice, friends say she expects to return to Stanford next January no matter who wins the election. It may prove bittersweet to watch as a new President gets credit for policies she and Bush have promoted, but that is the price of embracing diplomacy so late in the game. At least, says the Obama aide, she can expect the phone calls to continue...
...guilty parties this time around include Barack Obama, lobbyists and teachers' unions. But while this pin-the-tail-on-the-grievance approach might make for a striking dust jacket, it results in a disjointed book. It's impossible to argue with some of Morris and McGann's targets. Duplicitous credit-card companies, housing-crisis profiteers and lobbyists working for shady foreign governments are all deserving of scorn. Yet there are more than a few straw men mixed in, not to mention an obsession with the travails of Bill Clinton. Nonetheless, Fleeced does manage to effectively tap into populist anger toward...
...economic advisers who opposed any kind of taxpayer bailout. Over the weekend, he talked to congressional leaders. And all along, he was consulting with Bernanke. On Sunday the 13th, Paulson made the dramatic announcement on the steps of the Treasury building that he was seeking an unlimited line of credit to backstop Fannie and Freddie, plus the authority to buy shares in the companies. Within two weeks, Congress delivered. The President signed the measure into law July...
...mortgage player Bear Stearns experienced something akin to a bank run in March, the solution that Paulson and Bernanke came up with was a hastily arranged sale to JPMorgan Chase & Co., backed by a $29 billion guarantee from the Fed. The Fed is responsible for keeping prices stable and credit flowing. Bailing out troubled lenders to prevent a financial meltdown is a entirely different kind of job, one that most economists say belongs in the hands of Treasury and Congress - in part because they're more directly accountable to taxpayers...