Word: exchangee
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As Von Lehman managed the company through mid-2006, its condition was gradually upgraded. In June 2004 it was kicked off the New York Stock Exchange, but it broke even on an operating basis and began 2005 with zero debt, having paid off the loan from CIT. By December, the...
For their part, the McCain camp seems to be enjoying the attention garnered by the gibe, embracing the fact that McCain has set Romney specifically in his sights. They point out that the comment came in direct response to a question not about the immigration bill, but about Romney's...
Some conservative commentators, seeking to turn the "spirited exchange" (McCain's team's characterization) into a political metaphor, said that McCain's response to Cornyn symbolizes the candidate's eagerness to push through flawed legislation (that he also wants to take all the credit for). Or, more fundamentally, it showed...
The global trading system has a built-in mechanism, of course, to deal with a country whose trade accounts get seriously out of whack with the rest of the world: currencies adjust in value against each other. China, with its surpluses, should see the renminbi go up over time, while...
There is little sign that things will change. On May 18, in advance of the talks in Washington, China announced a token increase in the range in which it will allow the RMB to trade against the dollar. Beijing also raised interest rates and increased the amount of capital banks...