Word: deal
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...accusations that he interfered in the corruption case of rival Jacob Zuma, President Thabo Mbeki resigned Sept. 21 at his party's urging. Several members of his Cabinet subsequently quit, deepening fears of a political crisis. The shift could also slow the progress of neighboring Zimbabwe's power-sharing deal, which Mbeki helped negotiate. Deputy party leader Kgalema Motlanthe will serve until next year's election, which Zuma is expected...
...disaster after another, for the most part working behind the scenes. Earlier in the month, they had let investment bank Lehman Brothers slide into oblivion and then ushered another, Merrill Lynch, into the arms of Bank of America. Just the night before, the trio had wrapped up a deal to rescue insurance giant American International Group and gone to bed praying it would halt the panic and worrying it wouldn...
...except in the other sense of mean. So far, 2008 is looking like a career year for Bushnell, what with the success of the Sex and the City movie and the success--or, at any rate, the renewal--of her NBC series Lipstick Jungle. She also just announced a deal to write young-adult novels about the teen years of Carrie Bradshaw. One Fifth Avenue should round all that out nicely. It's certainly a page turner of practically Germanic efficiency. But it also reminds us of a weird truth about its author, which is that Bushnell on the page...
...have institutions that have been allowed to become too big to fail because we had all kinds of flaws in our financial infrastructure, in the whole way over-the-counter derivatives work. We don't have the necessary laws or powers to deal with failing non-bank institutions. If they're a big bank, the depositor has deposit insurance and the regulators can wind them down without throwing them into bankruptcy...
...need to come together. Can we react quickly enough to deal with the modern world and the rapidly changing- saying it another way, there's so much complexity, actually over-complexity, in the financial system and the speed with which money and information moves has increased. And so when these events, the chain reaction surrounding these events is quicker than in the past...