Word: forgiven
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Consumers could be forgiven for being jittery this week when news came that MetLife and The Hartford, two well known insurance giants, had experienced huge losses on their investments and were seeking billions in private investment to keep up their reserves. Their stocks have dropped by at least half in just a month. After all, wasn't this the way Bear Sterns, Lehman Brothers, Washington Mutual, and Wachovia started their slides into oblivion...
...many observers, like Dick Armey, the current situation recalls an effort by President George H.W. Bush in 1990 to hammer out with congressional leaders another unpopular bill, this one to raise taxes to cope with budget shortfalls brought on by the recession. Bush, you may remember, was never forgiven by conservatives for breaking his "read my lips" no-new-taxes pledge, and he went on to lose his re-election bid two years later. The moderate Republican minority leader Bob Michel faced his own insurrection from conservatives, including Armey and Newt Gingrich, who became Speaker when...
Given the spate of costume dramas that have hit the big screen recently, you could be forgiven for failing to distinguish one silk-clad heroine from another. And “The Duchess”—based on the biography of the same name by Amanda Foreman—does little to make the dazzling Georgiana of Devonshire stand out from the crowd. Like “Marie Antoinette” and “The Other Boleyn Girl,” “The Duchess” is a period film about a beautiful, young, aristocratic...
Americans not versed in financial-market arcana can be forgiven for scratching their heads at all this and wondering what the heck is happening and what it means for them. Here are a few answers...
...that community. If Bristol Palin were the daughter of Democratic parents, she would undoubtedly be held up as an example of the failures of a liberal, permissive culture. Instead, she is viewed - as are the majority of teenage mothers in Evangelical churches - as a Christian who sinned, is forgiven, and needs to be embraced and supported...