Word: crediteers
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...book, you credit American Idol for popularizing karaoke in America. What was once a dreaded barroom activity is now almost hip. But we had talent search shows before American Idol and they didn't help karaoke. What about Star Search? The thing with Star Search is that the people always seemed to be sort of creepy. There were a couple other shows in the '80s with ridiculous names and they sort of seemed all the same: a lot of creepily stage-managed kids and then a lot of people who are just trying so hard that they're pandering. There...
Taking the lead in pricing up the market are the institutions most battered by the credit crisis and flagging economy. Among the companies offering the highest yields on CDs are GMAC, the financing arm of the carmaker GM; Corus, a Chicago bank that has lost substantial money on construction loans; Wachovia, the Charlotte, N.C., bank whose sale to Wells Fargo was brokered by regulators in October; and the bank affiliate of the insurance company AIG, which the Federal Government started bailing out in September...
...problems with all this is that in many cases the firms most aggressively competing for deposits aren't taking the money and lending it out but are instead holding on to it to buttress their balance sheets. Since consumers and businesses are so starved for credit, the banks that do want to lend the money forward are finding some ability to charge rates at a greater premium to prime, says Koch, but that doesn't necessarily make up the entire gap. Banks in general are still spooked by loans gone bad and nervous about lending to individuals and businesses without...
...Intense opposition from ordinary union members also delayed for several months a settlement with the bankrupt Delphi Corp., the component maker spun off by GM. The tussle with the union contributed significantly to Delphi's inability to put together a plan to emerge from bankruptcy ahead of the credit crunch...
Once there, Brecher saw his career flourish. He remains the only person to be given solo writing credit on two Marx Brothers films (At the Circus and Go West). Groucho Marx, the mustached brother, once said that beginning his friendship with Brecher was "the only good thing about making At the Circus." Groucho--in a play off of Brecher's uncredited role as script editor on The Wizard of Oz--also bestowed on Brecher the nickname "The Wicked Wit of the West." Brecher used that wit to create the long-running radio series The Life of Riley...