Word: explicitly
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...politicians calling it a bubble. In fact, constantly rising real estate prices seems to be regarded as some kind of natural right, or at least a natural state to which we must return as soon as possible. Getting prices "moving again"--which means moving higher--is one all-but-explicit goal of the Paulson bailout. If house prices head back up, fewer mortgages will exceed the value of the asset that backs them up, foreclosures will drop, and bankers will be willing to lend again. More generally, in a nation of homeowners, people will get back that cozy feeling that...
...direct precedent in the Resolution Trust Corporation (RTC), an institution created during the Savings and Loans crisis to avoid dumping real estate assets after bank failures, and thus to avoid a further decline in real estate prices through the usage of federal funds. The current proposal is explicit about its monumental cost: $700 billion, a sum larger than the 2009 budget of Medicare and Medicaid, which also dwarfs the de facto nationalization of Fannie Mae and Freddie Mac just weeks...
...Bush administration had repeatedly denied it would take in the past few years —to this week’s announcement of an $85 billion loan for AIG, the Federal Reserve has offered a steadying hand in our current financial crisis. Though one might argue that the explicit mandate of the Federal Reserve is to maintain growth and control inflation, no two goals are more closely wedded to the economic well-being of the average worker and consumer. Therefore, it is essential that the government support both the nation’s largest mortgage provider...
...Light Prop for an Electric Stage (Light-Space Modulator),” a machine made out of aluminum, steel, and other materials, manifests the geometric, industrial quality of Sheeler’s painting in real space. The exhibit makes connections that are more explicit and traditional, such as the juxtaposition of the Picasso and the Braque on the first floor, as well as those that are far more surprising. There are too many great works to talk about in one room, let alone three floors. There’s the Byzantine stone and glass mosaic on the fourth floor that...
...surprise press conference, which revealed that key staffers and even her husband had made more than two dozen contacts with Monegan about Wooten, contacts she insists she hadn't known about. It turns out an increasingly wary state police had recorded one of those conversations, which is fairly explicit in its intent. The call, from Palin ally Frank Bailey to a state trooper, intimates that Palin was otherwise happy with Monegan except on the Wooten issue: "I'm telling you honestly, you know, she really likes Walt a lot, but on this issue, she feels like it's - she doesn...