Word: expectantly
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...While [Wells'] management's efforts to 'de-risk' Wachovia's problem loans may help in the near term, we still expect losses to exceed management's expectations," wrote analyst Paul Miller, who follows banks at FBR Capital Markets, in a recent report to clients. Miller, who rates Wells' shares "underperform," expects Wells' stock to fall by half its current price to $12. "Given our macro outlook ... we just can't get comfortable with Wells' balance sheet...
...company put Saab, Opel, Saturn and Hummer up for sale, then killed Pontiac. (Marchionne promptly entered fire-sale bids for Opel and Saab.) As the expected bankruptcy filing approached, plans were under way for a complicated stock deal that would render existing shares essentially worthless. Secured bondholders were being offered full payment in new company stock, while others were being told to expect far less...
...barring a big surprise, most people expect Sotomayor to be on the court when it opens its next term in October. The Democrats already have 59 votes in the Senate. And Sotomayor isn't a barn-burning leftist. She tends to write narrowly crafted rulings that focus on close application of the law. She resists rhetorical flourishes and sweeping philosophical statements. Altogether, she's a liberal jurist who will be replacing another mostly liberal vote on the court, David Souter, which means her arrival there won't do much to change the ideological balance. (See pictures of Sotomayor's career...
...judicial confirmations. "Do they really want to be put in a position of either voting against or questioning in a hostile way somebody who has a good record and will be seen by Latinos as a very important and symbolic pick? There's a disconnect between groups that expect really giving a zinger to a nominee like this and where Republicans want to be politically...
...global benefits of reducing meat consumption, and Veggie Day has yet to roll out in local schools, which will happen when they reconvene in September. He points out that there are historical antecedents for meat-free days, and that it is only recently that people have come to expect meat to be a daily ritual. For centuries in Catholic Europe, for example, citizens forsook meat on Fridays, fast days and Lent. Leenaert, a committed vegan, says governments may have to lay down such restrictions in the coming years as more people in the developing world become wealthy enough...