Word: dip
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...kind of sovereign wealth fund, injecting cash for equity, as famed investor Warren Buffett recently did with Goldman Sachs. Or the Feds could avoid carrying equity by lending money to financial institutions willing to buy up questionable bank assets at discounted rates. But first the Treasury seems ready to dip into its $700 billion to establish a reverse auction set-up to ensure that the government doesn't pay too high, or too low, a price for the distressed securities. The auction system will likely take at least a month...
...their own preserved produce at the restaurant all winter long, storing the jewel-toned jars in their wine racks, and they're currently on track to put up about 10,000 lbs. of locally grown San Marzano plum tomatoes for use this winter. Ever economical, Pascal and Schott also dip into leftover canning liquid, especially from fruits, to jazz up cocktails at the bar. Months ago, they put up nectarines with star anise, cloves and Cointreau - they'll have the fruit to serve all winter, while the remaining infused Cointreau can be mixed with top-shelf tequila...
...Seng rallied to limit losses to 4.1% and .8% respectively by the closing bell, they combined with an early 3.5% drop on Mumbai's Sensex and declines in Australia, South Korea, Singapore and the Philippines to darkened moods in Asia. By contrast, London's FTSE 100 reversed its initial dip to post a 1.7% gain for the day, while Frankfurt's DAX surged to end 0.4% up and Paris' CAC 40 finished the session a full 2% higher. Compare those with Monday closings of -5.3%, -4.2%, and -5% respectively...
...because hard-pressed consumers and businesses have trouble repaying their loans. But this time - for the first time since the Great Depression - problems in the financial markets are slowing the economy rather than the other way around. If the economy continues to spiral down, that could cause a second dip in the financial system - and we're having serious trouble dealing with the first...
...years William, 26, has professed a desire to dip into various professions in preparation for his ascension to the British throne. For the last two years, he has undertaken a number of training courses in the military. But instead of ending that military chapter and moving on to another, he has decided to enroll in an 18-month training program to fly Sea King rescue helicopters. The announcement follows news that he would not be allowed to serve in Afghanistan after his younger brother Harry was abruptly withdrawn from the front lines in the dangerous Helmand province in February amid...