Word: fixings
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...even with the accounting fix and the massive offer of government leverage to buyers, bankers are turning up their noses at the markdowns they will have to take on assets that once represented a large percentage of their equity. "You're not going to sell if you believe the assets are worth more," says Scott Talbott, the top lobbyist for banks in Washington. "The government dollars may not be enough to reduce the spread between...
...their risk management," he said. "Rather than undertake their own analysis, they relied on the rating agencies." In other words, the problem is not just the ratings agencies, but the way investors - from Wall Street firms to university endowments - have become mindlessly dependent on them. That is harder to fix...
...There's no quick fix for any of this, just as there's no quick fix for the rest of the economy. Still, it's clear that for all the leading indicators that can be helped by stimulus packages and bailout money, it's the national mood that could get the biggest boost...
...given day, 500,000 Americans experience an outage, says Arshad Mansoor of the Electric Power Research Institute, which is funded by the utility industry. Why is this a good thing? Because it means the grid deals with breakdowns all the time, and the industry knows how to fix them. The grid has built-in redundancies and manual overrides that allow for restoration of supply. Mansoor is careful to point out that these are "not defenses against cyberattacks, but for dealing with the consequence of such attacks...
...fine option for people who choose it. I really do. The people who have it over and over and over again, that's something different. That's on a much deeper level than saying, You know what? I've never liked my nose. I think I'm going to fix it. Or, My boobs are down to my waist. I think I'll get them nice and perky again...