Word: factly
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...complacency may have stemmed from the fact that, in a free market, there is a natural check on this profiteering mentality. A typical business transaction is guided by a classic cost/benefit analysis, in which a firm weighs the potential rewards of a given action against the plausible ramifications of such action. In the case of a financial institution, its investment decisions, lending practices, and general business choices are guided by the monetary risks and potential losses associated with those actions. Imprudent and miscalculating banks would thus be out of the game as a capitalistic consequence of their actions, while...
...This is not to say that those opposed to the deal are misinformed. In fact, there is a very legitimate case to be made against this deal. The power sharing deal was initially signed on September 15, 2008, between Mugabe, Tsvangirai, and Mutambara after the disputed presidential election in March of that year. However, Tsvangirai’s party has refused to implement the agreement since September, demanding the cessation of human-rights abuses and citing the unilateral and inequitable distribution of key cabinet positions by Mugabe as a sign of insincerity. According to Tsvangirai, his party would not have...
...Wall Street, rushed to get TARP out the door - no doubt about it. The government didn't require banks to keep track of the money, report how they were spending it or loan it out to free up credit markets. But it's not all bad news. The fact that the special inspector general's office exists is an important sign that the Treasury Department realized the limits of its abilities. Recent and future TARP outlays have a whole new set of stringent reporting requirements. The inspector general's report doesn't give super-high marks to the program...
...terribly disturbed by the fact that our party is a relatively large tent. After all, we aspire to receive the support of slightly over half of the American people, and that's not going to be a homogeneous group...
...Perhaps inadvertently, that statement said much about the reasons piracy remains such a problem off Somalia: The 20-odd warships from more than a dozen nations patrolling those waters have largely held off from attacking pirates or trying to free ships. The pirates, in fact, went unhindered the day they left the Faina, and there has apparently been no effort to capture them...