Word: fate
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...however, the rational conclusion is simple. Just like in the past, the U.S. government remains unwilling to withstand a downturn in house prices. As every investor knows, past performance is no guarantee of future performance; yet past performance does remain a powerful market sign. Regardless of the tragic fate of Lehman Brothers, this seems like a perfect time for foreign investors to get some exposure to U.S. real estate. For if something were to go wrong, history suggests some sort of bailout will protect them, and none other than the American taxpayer will foot the bill. Despite all the talk...
...after South Africa's ruling African National Congress (ANC) called on him to resign - opening the way for his rival and successor as party leader, Jacob Zuma, to be voted in as President despite allegations of corruption against him. ANC party leaders argued through Friday night over Mbeki's fate, announcing early on Saturday afternoon their unanimous decision to remove him from office following allegations that he had used the country's law-enforcement system to undermine Zuma's chances of succeeding him. ANC Secretary General Gwede Mantashe said in a statement that the decision had been taken in order...
...lapsed into an uneasy silence that had lasted to the present.What might the quarrel be? Neither appeared to be angry. They seemed to regard each other with a kind of helpless terror, which Roxanna optimistically interpreted as worry.She looked down at the paper in her hand:The StableFelicitous, my fate, of late, is not.I feel as though I’ve been most cruelly shot,By heartache’s arrow, so strong, and long, and hard.And now against whole ruin must I guard.I dream of stables wherein my heart will die,I cry, I cry, I cry, I cry.Roxanna...
...doubling the amount Uncle Sam owes to his lenders. While we're trying to get our heads around what amounts to the biggest debt transfer since money was created, Lehman Brothers goes broke, and Merrill Lynch feels compelled to shack up with Bank of America to avoid a similar fate. Then, having sworn off bailouts by letting Lehman fail and wiping out its shareholders, the Treasury and the Fed reverse course for an $85 billion rescue of creditors and policyholders of American International Group (AIG), a $1 trillion insurance company. Other once impregnable institutions may disappear or be gobbled...
...bestriding the podium in Loughborough. The town won't need much of a push to switch allegiance from Labour to Tory and neither will the country. A general election isn't due until spring 2010, and Cameron's 20-point lead in the opinion polls could yet sag if fate gifts Labour a game-changing event or an economic miracle. But for anyone who recalls the animosity toward the Tories that ushered Labour into power in 1997 and helped keep it there for more than a decade, and for anyone who has witnessed the old antipathies between Britain's lower...