Word: frenched
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...BlackRock report said that five of the six biggest creditors of AIG's financial-products division would have been willing to end the contracts for less than face value. French bank Société Générale, which was AIG's largest CDS counterparty, for instance, according to Blackrock was willing to unwind the bond insurance its had bought from AIG on its lowest quality bonds for 90 cents on the dollar, or for 10% less than what AIG had originally promised to pay. About 30% of the $16.4 billion in CDS contracts that SocGen had bought...
...willing to allow AIG to pay 10% less than what it had originally promised. Those deals would have saved AIG about $1 billion. AIG later broke off those negotiations, and as with all of its other counterparties, paid UBS in full. BlackRock, in the report, said Goldman Sachs, French bank Calyon and German financial giant Deutsche Bank were also willing to strike deals...
...album you only sing one song in French. Why is that? Beck wrote all of the music and lyrics. I love Beck's way of writing. I love his language, his vocabulary, his images. It's like being a character to be able to go into someone else's world. I kept my English accent, and I'm French, but I'm speaking American words. I always like mixtures. Also, with French there's no distance. I have all my father's references. With English, I feel completely free. (See TIME's profile of Charlotte Gainsbourg...
...just called your partner (French actor and director Yvan Attal) "your children's father." Why haven't you married him? I'm superstitious. We've been together nearly 19 years, we've never married and we're happy. My parents weren't married so I don't have an ideal image of marriage that I'm hoping for. I like the image of a young couple getting married - there's something jolly about them. But get married at my age? It's too late...
...other experts largely agree that governments - and ultimately taxpayers - will end up footing a hefty bill for all the stimulus money, some don't believe this will necessarily mean that Europe's modest growth rates are doomed to slip back into the red. Eric Heyer, an economist at the French Economic Observatory in Paris, says the official forecasts of continued modest growth are feasible - although that doesn't mean an immediate recovery for many nations. Even if European economies can nurture gradual expansion, he says, most will still see unemployment continue to rise through 2010 and into next year...