Word: delayer
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Less than 24 hours after unveiling France's $488 billion rescue plan earlier this week, for example, French President Nicolas Sarkozy met with the heads of the nation's top banks to urge them to extend loans to creditworthy business and households "without delay or additional constraints." Sarkozy pointedly reminded bank presidents that freeing up such funds - a basic necessity for business development and economic growth - was one of the main reasons governments around the globe have pledged trillions of dollars in tax payer money to rescue the financial system in the first place...
...called on the audience to employ their skills to help the less fortunate. “We must use the methods that each of us learned at HBS to solve the world’s social problems,” Cohen said. “If we dither and delay in dealing with housing repossession, unemployment, and inflation, then the backlash against capitalism will be serious.” ENTERPRISING NONPROFITSSummit attendees split up in the afternoon to attend interactive classroom sessions on a variety of topics. Business School professors Herman B. “Dutch” Leonard...
...Japan now realizes the mistake it made back then: failing to act with speed and force. Loose accounting standards had allowed banks to hold soured assets on their books without writing them down to their true market value. This permitted financial institutions that were technically bankrupt to delay taking in fresh capital - a move that would have hurt existing shareholders but would have restored banks to health. The government dawdled for more than half a decade, allowing banks to carry on in a diminished capacity despite the fact that with key lending institutions crippled, the broader economy could not thrive...
...situation is somewhat different - delay is not an option. Accounting standards require financial institutions to routinely write down the value of assets to reflect their actual value. As a result, U.S. banks have booked massive losses, and the government has been forced to aggressively engineer ad hoc bailouts and mergers...
...even though the bailout has been approved, the financial future remains murky, and some schools are already reporting cutbacks: Boston University has called for a hiring freeze, while Grinnell College in Grinnell, Iowa, plans to delay any further plans for new buildings or other capital projects...