Word: deal
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...clear whether the government looked closely at commercial mortgage loans when it did its "stress tests" on banks. It is also not clear what assumptions the government used for the default rates of this paper. The $27 billion in debt that General Growth holds seems like a great deal of money. But, looking at all of the commercial real estate holdings across the country, particularly those with mortgages taken out between 2003 and 2007, and the problem is deeper than most people can imagine...
...breathing. The buyer at the used-car lot feels both frugal and green: that hatchback isn't used, it's "pre-owned," and this counts as recycling. The discount shoppers view their task as a scavenger hunt and take a certain pride in finding the bargain, cutting the deal; 23% of us are haggling more, a profitable contact sport...
...Foggy Bottom, the response could be: Why not, indeed? The worst-kept diplomatic secret in the world may be that the State Department pretty much sees eye to eye with North Korea on a central issue: Washington should deal with Pyongyang one-on-one. The multilateral approach of the six-party talks has been at best cumbersome and at worst counterproductive, some diplomats say. Charles L. (Jack) Pritchard, Bush's former special envoy to the DPRK, has said all the participants in the talks "made it abundantly clear" that they support direct U.S. engagement, including the Chinese, the North...
...Obama Administration made the standard disapproving noises. "A serious step in the wrong direction," said White House spokesman Robert Gibbs. But in truth, North Korea's latest gambit could not have been altogether surprising to anyone in Washington - least of all to the State Department diplomats who have been dealing with the Democratic People's Republic of Korea (DPRK) for the past decade. They know that even in Pyongyang, North Korean officials have access to the Internet. If they cared to, they could have read yesterday's New York Times, which reported that the Obama Administration is considering dropping...
...past. Economic aid, security guarantees and, down the road, even diplomatic recognition for North Korea - all that would be available to Pyongyang, so long as it verifiably stands down its nuclear program and curbs its missile exports. The State Department's position has long been that this sort of deal is achievable. It believes the North will abide by agreements it makes, so long as the U.S. does the same by providing the benefits it promises up front. There are many people, including some former members of the Bush Administration, who think this is delusional. But count on this: Obama...