Word: fair
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...reasons that GDP did so poorly is that capital expenditures fell at an annual rate of 38%. A fair portion of that drop was due to slow activity in the housing market. Recent figures on home sales should cause any capable analyst to believe that housing will not be a source of any hope for a recovery...
...trade in a $4 billion IOU (i.e., the government loans) for about 5% of Chrysler's stock. The UAW, on the other hand, was trading in a $4.5 billion IOU (related to its VEBA health-care trust for retirees) in return for 55% of Chrysler stock. Does that seem fair? A third group, the secured debt holders, were to trade in a $6.9 billion IOU and get $2 billion in cash - an amount that was later raised to $2.25 billion to mollify disgruntled creditors, though it still failed to win their support...
...might argue that given GM's troubled state, the market value of the bonds is not $27 billion but more like $3 billion. But if you accept that troubled-debtor logic, then it's only fair to apply the same logic to the money owed by Chrysler to the UAW's VEBA - so its chips should be marked down as well. (In fact, by law the VEBA's IOU is junior to the bondholders' IOU.) Thus, the VEBA's IOU should not translate into a 39% equity stake but a small sliver of that. (Read about Detroit's attempts...
...year off—as the closest thing to a sure bet on the pitching staff. The rotation would have to be pieced together with sophomores that had shown flashes of competence but not consistency and rookies that had not shown anything at all. Harvard was returning its fair share of veteran bats, but bringing back most of a lineup that combined to hit .255 the previous season was not exactly cause for unbridled optimism.And yet, while a 13-28 season can hardly be called a success, there was one very important aspect of 2009 that had been missing from...
...like a mild buzzing that occasionally changes in pitch slightly. Approach this like it is a power hour. 5. Ask your TF penetrating and thoughtful questions about their summer plans. For every minute you get them to indulgently divulge, everyone else has to take a shot. Stealing questions is fair game. 6. Sit behind the girl that’s always on her Gmail during lecture. Every e-mail she gets about a summer internship is one shot. If she has another one of those awkward Gchats with her boyfriend about staying in touch over the summer, that?...