Word: greater
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...most basic of stories—one of the underdog defying the longest of odds. Sports are usually pretty good for that, actually. In the context of running and jumping, catching and throwing, we often derive some greater meaning out of the athletic exploits we engage in (or, as was the case for me, write about...
...greater threat to investors springs from the fact that Wells Fargo's loan losses could exceed the government's expectations. In calculating the stress tests, government bank examiners applied different loan-loss rates for different banks. For instance, bank examiners were relatively tough on Wells' primary mortgage-loan portfolio, predicting that nearly 12% of the loans would default over the next two years. This compares to an estimated loss for Citigroup of just 8% for its primary mortgage loans. That makes sense. More of Wells' mortgage loans are concentrated in California than Citigroup. And California has had more foreclosures than...
...Better to break hearts locally than shatter the greater economy - and that's what the collapse of GM and Chrysler threatens to do, according to the White House auto task force that is undertaking the monumental rescue mission. In the deal being cobbled, GM's stockholders will be wiped out, replaced as equity owners by the Treasury Department, with 70%, and the United Auto Workers (UAW), with 17.5%. GM's business in Europe, Opel, will be sold. As many as 14 U.S. factories are marked to close. The iconic Pontiac brand is probably finished. Under a new labor agreement with...
...rail operators to compete with one another for passengers on international routes. The change, which comes four years after similar moves in the freight sector, is designed to open up routes that currently are controlled by state monopolies. For travelers, deregulation will mean lower prices, faster trains and greater convenience - for example, passengers now are usually forced to change to trains run by the incumbent state-owned operator when they cross into another country. Under the new rules, railroads will be able to operate seamlessly across borders and even pick up new passengers outside their home countries en route...
...religious objects" in public schools - a prohibition designed mainly to eliminate the small but slowly growing number of Muslim headscarves in classrooms. As it did when France issued its dangerous-cults list, the U.S. government officially responded to the law banning religious objects with a request that Paris make greater efforts to respect religious freedoms. (Read "'Veil Wars' Reveal Europe's Intolerance...