Word: exceptionable
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What's more, this is no longer an exclusively American crisis. European banks are going under as well. Growth rates in the euro zone and Japan have fallen further than in the U.S. Emerging markets too are suffering. With the exception of Brazil, stock markets in the BRIC economies (Brazil...
Fortunately, that sort of panic - which brought down British lender Northern Rock a year ago - was the exception. But the loss of confidence underlying it is every banker's worst nightmare - and every bank regulator's, too. At Bradford & Bingley, staff were given forms to hand out to customers explaining...
It was a lean and efficient operation for what had the potential to become a very big agency. But there was a very expensive exception to the business plan. Once NASA actually began flying human beings in space, it would need a place from which to run those missions. Cape...
Naturally, such a condition for graduating would seem to present the same onus that ostensibly invalidated the old swim test: How could students physically unable to fulfill it be forced to have their diplomas withheld? High schools and preparatory schools no doubt face this same difficulty, and one would think...
Democrats, by contrast, have made no secret of their belief that McCain's involvement in the bailout talks has made a resolution that much harder. Many of them believe that House Majority Leader John Boehner, who got a standing ovation from his caucus Friday morning, wanted to slow down the...