Word: credited
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Dates: during 2000-2009
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Mayor Giuliani often gets credit for the dramatic drop in New York's crime since the 1990s. Does he deserve it? I think so. It wouldn't have happened without Giuliani. He had a commissioner [William Bratton] that changed the culture of the NYPD and made them accountable for the first time in perhaps a decade, but Giuliani was unable to share credit and Bratton was dismissed. Bratton, in my opinion, was not blameless either. He couldn't control himself when it came to publicity...
...fail." The crisis has also created a premium for those firms willing to take on more risk in trades. According to company data, Goldman - which converted to a commercial bank at the height of the crisis in order to gain easier access to cheaper government credit - has significantly reduced its leverage ratio, which measures how much money it borrows, from 27.9 at the beginning of 2008 to 14.2 today. At the same time, Goldman has increased the amount of money it is risking on a day-to-day basis, and the number of competitors it faces in the marketplace...
...have followed the 10-month crisis even minimally, you will know the fears that CIT's failure are fanning again. Analysts say insurers and other large investors could be hit with hundreds of millions of dollars in losses. Small businesses say they could be cut off from credit. That could cause more layoffs and further delay an economic recovery. Massachusetts Representative Barney Frank, a Democrat who heads the House Committee on Financial Services, said he has heard from a lot of people who say it will be a big problem for the economy, small businesses in particular, if CIT fails...
...Surveys show that, despite concerns, most small businesses say that the access to credit has not been a problem for them in the financial crisis," says economist Edward Yardeni. "Now it will...
...least Washington and Caracas are talking again. Diplomats say Venezuelan Foreign Minister Nicolás Maduro has made an effort to reach out to the Obama Administration. On the U.S. side, much of the credit goes to Thomas Shannon, outgoing Assistant Secretary of State for Western Hemisphere Affairs. Shannon, appointed in 2005, worked to alter President George W. Bush's dark first-term relations with Latin America, when Chávez called Bush "the devil" in large part because the White House had tacitly backed the 2002 coup attempt. As a result, the Latin left has less anti-Yanqui fodder...