Word: deal
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...deal with the additional demand created by electric cars would simply be to build more power plants. That would be expensive, however, and, if the additional plants burned coal or natural gas, bad for climate change. A better solution: tap into the enormous extra capacity of the grid during off-peak times, like between midnight and dawn. According to a study by the Pacific Northwest National Laboratory, off-peak capacity could support the conversion of 73% of the current auto fleet - enough to cut demand for oil in half - without the addition of a single extra plant, provided the cars...
...declines come after investment bank Lehman Bros. filed for bankruptcy and Bank of America reached a deal to acquire Merrill Lynch. The biggest worry of Asian investors, however, isn't so much the stability of Asia's own financial system. For the most part, Asian banks and securities firms have not suffered the mortgage and property losses of their U.S. counterparts. Asia's financial institutions have become more conservative in recent years, having learned their lessons from past speculative investments in assets such as office blocks and shopping malls during the Asian financial crisis that began in 1997. Several Japanese...
...went something like this: Efforts to find a buyer for struggling Lehman Bros. collapsed in the face of government resistance to any kind of bailout and the refusal of all potential purchasers (UK-based Barclays was reportedly the one that came closest to making an offer) to sign a deal without government backing. With Lehman headed for bankruptcy, Merrill Lynch was the next- most-vulnerable-looking Wall Street firm, so its CEO, John Thain, quickly inked a $29 a share sale to Bank of America that values Merrill at $50 billion. Meanwhile, AIG asked the Federal Reserve...
...sophomore A-division counterparts, skipper Teddy Himler and crew Quincy Bock, also sailed to victory, finishing in the top four in every race with two wins.“We had some great finishes, but those were punctuated with some early-in-the-season mistakes and difficult conditions to deal with,” Himler said. “We met that adversity with persistence and prevailed.”Harvard finished with a combined score of 28, less than half of runner-up Rhode Island’s 63.“All in all, it was a great...
...Valley Hospital and the city of Youngstown, Ohio, the Obama campaign has released lists of earmarks those places have benefited from. And in a speech to aerospace workers, Obama himself recently accused McCain of hurting the American economy by battling Boeing, even though McCain's investigations into a sweetheart deal for Boeing helped expose a Pentagon scandal...