Word: crediteers
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...with Maisel. He recently learned that his grandfather had been treated for severe depression with 12 rounds of electro-shock therapy before Maisel was born. "Here was this very important piece of my family history and it was almost forgotten within a generation or two," he says. To their credit, officials at the Oregon State Hospital had neatly numbered and catalogued each cremated patient. But for decades they kept the storeroom of canisters a secret from the outside world. Even when Milos Forman shot the 1975 movie One Flew Over the Cuckoo's Nest in the hospital, and used several...
...approach. The shift comes after a raft of bad economic news, with the government now pressing ahead on a number of fronts. Merkel's coalition nearly doubled its stimulus package to €50 billion this week and is drafting plans for a €100 billion Germany Fund to provide credit for midsize businesses. And Commerzbank, Germany's second biggest bank, has said it is to be partly nationalized. The German government's bank-rescue fund, the Financial Markets Stabilization Fund (SoFFin), will provide €10 billion in fresh cash to Commerzbank in exchange for a 25% stake plus one share...
...government is also hatching new plans to support small businesses, many of which are family-owned, have little access to capital markets and are getting squeezed by the credit crunch. Ronald Pofalla, the general secretary of Merkel's Christian Democratic Union (CDU), says, "We think that now is the right time to consider creating a Germany Fund, especially to help midsize industry in this difficult period and ensure optimal availability of financing...
...going bankrupt this year. "I get a purple color and the letter a," she said. I figured that was Yahoo!, but she said no. "They're doing all kinds of things behind closed doors to not die." Some of those things, I predict, are opening lots and lots of credit-card accounts. When I asked if TIME magazine would have a good year, she said, "There's no issue there. There's an incredible strength behind it. There is one particular person who is connected to this strength. He has a very solid energy. It doesn't look like...
...practice by investors over the past several years of borrowing yen at a low interest rate and investing the funds in currencies paying higher interest rates. That was an easy way to make money until central bankers in the U.S. and other countries began slashing borrowing costs as the credit crunch hit and their economies faltered. The carry trade "is a very strong and powerful movement, and it's difficult to stop it," Sasaki says. "I think that Japanese officials understand that, and that's why they haven't intervened...