Word: exits
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...hardly a ringing endorsement. But rather than face the implications of a second no vote, which some say could lead to Ireland's exit from the E.U., the government will welcome all the yes votes it can muster - however grudging they...
...system remains largely the same, the substance and process of politics has changed quite a lot. The leadership and the 76 million party members are better educated and their recruitment and promotion is much more meritocratic. Competence is now rewarded. In the past, there existed only two exit paths from officialdom: purges and death. Now mandatory retirement is firmly implemented. Instead of being a totalitarian party dominated by a single leader, the CCP today is an authoritarian party with a collective leadership. The leaders themselves - at least those I have witnessed - are now remarkably self-assured and relatively sophisticated. Marxist...
...Edging Toward the Exit U.S. Treasury Secretary Tim Geithner this month announced that the U.S. is starting to phase out some of its emergency support for banks and financial markets. But he pointedly made no mention of a full-blown "exit strategy," saying that "we must continue reinforcing recovery until it is self-sustaining." When and how governments and central banks pull back is a critical issue that still needs to be coordinated. One of the risks is that inflation could soar due to the explosion of national debt in many countries during the crisis. And early signs suggest governments...
Gorman has said that while the firm will shut down part of its trading desk it has no plans to fully exit the investment-banking business. It still plans to advise clients on mergers and manage stock and bond offerings, as well as complete trades for others. Gorman recently told employees at a town-hall-type meeting, "The heart, the DNA - the fabric of this place - has always been the institutional securities [investment banking] business and, frankly, should always be ... That's our roots." (See 25 people to blame for the financial crisis...
...crash to defeat. In 2002, the CDU looked set to secure a big enough share of the vote to overtake the SPD and oust the incumbent coalition of SPD and Greens. Polling stations closed at 6 p.m., and the CDU started celebrating as television broadcasters published the results of exit polls that seemed to confirm its victory. At 6:47 p.m., Edmund Stoiber, the leader of the CDU's Bavarian sister party the Christian Social Union (CSU) and a Chancellor candidate for both, declared himself the winner. "One thing is clear already," he said, beaming...