Word: funding
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...German towns and cities are appealing to the German government to bail them out. In March, a group of municipal authorities appealed to the Kreditanstalt für Wiederaufbau, or KfW, Germany's Marshall Fund-era state-owned bank for reconstruction and development, to buy out AIG and replace it as their credit insurer. The plan might work, but KfW is reluctant. "We are looking into the matter," a KfW spokeswoman says...
...This is partly because officially, Social Security is still running a substantial surplus and will be throughout the next decade, according to the CBO. A key source of that surplus, though, is interest payments on federal debt held by the Social Security trust fund. It's money that Social Security has definitely earned, but it's coming out of the rest of the federal budget. Same goes for employer contributions to Social Security for federal employees, which also boost the program's bottom line but not the government...
...dormant for most of the time since - has made a spectacular re-entry onto the world scene. It goes by the ungainly name of special drawing right (SDR), and it is the currency not of some foreign rival but of the Washington-based and traditionally U.S.-dominated International Monetary Fund (IMF). It isn't even really its own currency, since it derives its value from a "basket" that contains dollars, euros, yen and pounds. (See 25 people to blame for the financial crisis...
...Going Out strategy. State-owned companies in key industries were encouraged by the government to plant the flag of Chinese capitalism around the world by purchasing stakes in foreign companies. China was flush with cash and full of optimism--naive optimism, it turned out. Beijing's fledgling sovereign wealth fund China Investment Corp. poured $3 billion into New York City--based private-equity firm Blackstone in return for a 10% stake in the company--just before the bottom fell out of U.S. debt and equity markets. That deal was followed by a $5 billion purchase of a 9.9% stake...
...Finally get around to checking your portfolio at Madoff Investment Securities. This may be a good time to dip in to that Red Bull fund...