Word: creditably
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...conducting a feasibility study for a Mekong power project in Cambodia, in an area where other foreign companies have been reluctant to invest because of the adverse ecological impact. Several other Mekong tributary dams in Southeast Asia will be financed by China Exim Bank, the nation's largest credit agency, which has invested in power projects with the enthusiasm of the Great Depression-era U.S. government...
These firms face little of the interest-rate risk that bedeviled S&Ls. And they can shove most of the credit risk--the chance that a loan will go bad--onto the buyers of their mortgages. As a result, investors were initially willing to purchase only the lowest-risk loans--the good-credit, 20%-down variety. Fannie and Freddie still do that because they're required to by law. But in the past few years, private investors looking for higher returns began pouring money into iffier loans, underestimating the danger...
...taker in a clothes maker. He quickly proved a talented operator, winning a promotion for himself and the white manager, a Mr. Bolton, who took him on. A grateful Bolton began to sell offcuts and soiled cloth to Maponya, who set up his own tailor and sold clothing on credit. The authorities closed that business - despite the best efforts of South Africa's first black law firm, established by Mandela and Oliver Tambo - but not before Maponya had built enough capital to set up a dairy in Soweto...
...Both he and Kolodiejchuk are fascinated by her statement, "I want to love Jesus as he has never been loved before." Remarks the priest: "That's a kind of daring thing to say." Yet her letters are full of inner conflict about her accomplishments. Rather than simply giving all credit to God, Gottlieb observes, she agonizes incessantly that "any taking credit for her accomplishments - if only internally - is sinful" and hence, perhaps, requires a price to be paid. A mild secular analog, he says, might be an executive who commits a horrific social gaffe at the instant of a crucial...
...year. The French then learned that second quarter 2007 economic growth was half of what had been expected, causing many economists to openly doubt that official growth forecasts of 2.25% for the year could be met. Then, as panicked world financial markets reacting to the U.S. real estate and credit meltdown sent worry throughout French society, France's highest legal body struck down a key aspect of a previously passed Sarkozy tax reform intended to benefit anyone paying off a home mortgage. To many looking on, there suddenly seemed to be far more pain than gain being dished...