Word: dollarize
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...American Airlines banks?" Hensarling asked. Geithner said no, and then clarified that at least at this moment he would not call AT&T or American Airlines banks. When asked about AIG, Geithner said the government didn't legally have the option to pay less than 100 cents on the dollar to its counterparties. In the past year, many people have criticized Geithner and former secretary Henry Paulson for allowing AIG to pass along much of the money it received from the government to Goldman Sachs and other investment banks. Geithner was also asked whether he thought the government's bailout...
...steady stream of Indian-generated reports bolstering India's assertions that it is unilaterally greening its act. A report released last week says India has consistently greened its GDP since the 1980s, with the energy intensity of India's GDP falling from 0.3 kgoe (kilogram-of-oil equivalent) per dollar of GDP in 1980 to 0.16 kgoe in 2004. This, it adds, is an achievement on par with über-green Germany and is bettered only by Japan, the U.K., Brazil and Denmark...
During the last meeting of the academic year, the Council narrowly voted 15-13 to begin a 16-month effort to purchase the multi-million dollar 45 Mt. Auburn St. property for use as a student community center...
Some might say, though, that the telethon isn't as lucrative a money-getting tactic as it once was. In fact, despite typical production goals of keeping costs at 25 cents to 33 cents of every donated dollar, it's hard to know how much donated money to bank on. Most telethons only collect between 60% and 75% of pledged dollars. During a 1983 Democratic National Committee fundraiser, 800,000 of the 1 million callers rang in just to declare their support for their Republican President Ronald Reagan. Still, Lewis' MDA program remains one of the most enduring hallmarks...
...three other alleged sexual predators were quietly brought back to the U.S. to face prosecution for abusing countless children in Cambodia. The horrifying ordeal of Garrido's victim is now well documented; however, the stories of an estimated 1.8 million other children worldwide who are forced into the multibillion-dollar commercial sex trade every year remain largely unheard...