Word: froze
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...current predicament, for many of the reasons you cite, the U.S. Treasury and Federal Reserve have unclean hands as well. Each of the car companies had adequate capital entering the fall, but when Treasury and the Fed "brought down the house" by letting Lehman Brothers fail, worldwide credit markets froze, preventing Americans from buying cars. Financial markets and the lack of available consumer credit - not a lack of appealing car designs - are the reasons for this crisis, and piling the blame on Detroit is simply not balanced. Steven M. Friedman, NEW YORK CITY...
...simply a question of who foots the bill or which companies get the contracts. Iraq's rebuilding efforts are being hamstrung by sclerotic administrative procedures that are in desperate need of modernization, after decades of inefficient centralized control, corruption, cronyism, wars and sanctions. "It's almost as if Saddam froze the clocks, froze the calendars in 1980, and nothing moved," says Terrence L. Barnich, a senior U.S. adviser for law, policy and regulatory affairs in the Iraq Transition Assistance Office. The result, Barnich says, is a generation of managers and technocrats cut off from how business is done...
...automobile companies have some responsibility for their current predicament, the U.S. Treasury and Federal Reserve have unclean hands as well. Each of the car companies had adequate capital entering the fall, but when Treasury and the Fed "brought down the house" by letting Lehman Brothers fail, worldwide credit markets froze, preventing Americans from buying cars, since most people use loans or leases to do so. Financial markets and the lack of available consumer credit - not a lack of appealing car designs - are the reasons for this crisis, and piling the blame on Detroit is simply not balanced. Steven M. Friedman...
...current predicament, for many of the reasons you cite, the U.S. Treasury and Federal Reserve have unclean hands as well. Each of the car companies had adequate capital entering the fall, but when Treasury and the Fed "brought down the house" by letting Lehman Brothers fail, worldwide credit markets froze, preventing Americans from buying cars, since most people use loans or leases to do so. Financial markets and the lack of available consumer credit--not a lack of appealing car designs--are the reasons for this crisis, and piling the blame on Detroit is simply not balanced. Steven M. Friedman...
...press her lip against Felicity’s cheek. A penitent kiss, she thought: the kiss of peace. But at the last moment Felicity turned her face and Roxanna’s kiss landed clumsily on Felicity’s mouth.Soft lip brushed against soft lip. Both women froze. And then the kiss went on and deepened. Felicity’s hands slid from Roxanna’s shoulders down her creamy back. Roxanna’s fingers were still cradling Felicity’s face. With a sigh, Roxanna and Felicity sank downwards toward Roxanna?...