Word: creditably
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...their unusually high proportion of nonperforming loans carried on their books, declining corporate earnings will diminish borrowers' ability to repay their debts. While it's difficult to assess the overall exposure of banks to the manufacturing sector, it's easy to imagine lenders getting caught in a Chinese-style credit crisis if manufacturing contracts sharply...
...Science deserve much of the credit. Retired meteorologist Len van Burgel's task was to provide wind data from that long-ago November to help trace where debris from the Kormoran, found drifting days after the battle, could have come from. With no ocean wind reports available from that time, van Burgel dug through archives and extrapolated from land weather charts, then used computers and satellite imagery to model 1941 conditions. When the three approaches yielded similar results, he says, "we thought we were on to a good thing." Drift specialists could then identify where the German ship was likely...
...CREDIT CRISIS Gold has risen 41% since last August; it hit a peak of $1,033 on March...
...immediate market reaction to the deal--and to the three-quarter-point interest-rate cut announced by the Fed two days later--was positive. Stocks rose nearly 4%; credit markets calmed a bit; the global financial system lived to fret another day. And fret it surely will, for the troubles that mauled Bear are far from over...
...troubles began, as you've already heard a thousand times, with the boom earlier this decade in subprime mortgages, unconventional home loans sold to people with dodgy credit or with incomes that just weren't big enough to buy the house they wanted. In what you might call a virtuous circle--except that far more greed than virtue was at work--lower lending standards helped fuel an unprecedented rise in house prices, and those rising prices meant borrowers could refinance their way out of any trouble they had making payments...