Word: folding
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...news up to and including the Chrysler bankruptcy was "above the fold" in many newspapers and news websites. However, the amount of debt that the creditors and government were fighting over was only $6.9 billion. There are scores of American companies with larger debt loads. (See pictures of the Top 10 scared traders...
...marks five years since the European Union opened up to bring former eastern bloc countries into its fold, taking it to 27 members. But instead of fanfare and fireworks, the mood is muted in New Europe and among the E.U.'s veterans...
...States has struggled so far because it has neither allowed failing financial institutions to fall nor given rescued banks enough money to jump start lending. Dinkic pointed to his own experience as governor of Serbia’s Central Bank, where he said he allowed four major banks to fold in one day in 2002 because the Serbian people had no confidence in them. Still, Dinkic expressed support for the Obama administration’s stimulus efforts, cautioning that the American public must be patient. “They are rebuilding confidence, but lending must start to move...
...million into the satellite radio company just days before it would probably have gone bankrupt and got 40% of Sirius and along with debt for the capital. The company's stock began the trading year at $.12 and fell to $.05 in early February on concerns that it might fold. Since then, the shares are up over 8x to $.43. There were almost 167 million shares sold short in Sirius as of April 15, down 8% from two weeks earlier, but it would take six days of trading at average volume to cover that short interest so there is still...
...embargo gives Obama and the U.S. as much leverage as they might think. What Obama will find in Trinidad is that the embargo is "the single most unpopular policy in the hemisphere," says Erikson. And with or without democratic reform, Cuba is being brought back into the Latin American fold; last year it was invited into the Rio Group, one of the region's major organizations. Still, Erikson adds, most of Latin America has a positive impression of Obama, which will make it harder for the Castros to ignore or even rebuff his overtures. "They recognize that Obama...