Word: harsh
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...need. He made sure that the taxpayers received preferred shares in the firms in exchange for the capital. After Paulson retired the new administration began testing the banks, knowing that, based on the criteria they had set, many of the firms would fail. The credit markets are harsh. The troubled banks would find it nearly impossible to raise capital from private equity sources. They would turn to the government. The government would convert its preferred shares to common shares to buttress the bank balance sheets. Suddenly, the taxpayers would own controlling interests in many of the largest financial firms...
...what the crap I’m talking about, The Wire, aka the sweetest show ever, is about crime and policing in the age of post-industrial urban decay, and the characters traditionally say “all in the game” to describe the triumphs, defeats and harsh realities of operating in the criminal underworld. Sort of like “that’s life” or “shit happens, bra” but cooler.Now bear with me, because I think that this phrase has deep meaning for us as Harvard students as well...
...offs by planning a vacation; across the country recently unemployed white-collar workers are taking similar pink-slip trips to places near and far. Some are like Maciejowski, hoping travel will help her clear her head and plan her next career move. Others are simply trying to escape the harsh realities of job hunting. "After weeks upon weeks of searching job boards for that next great gig, it is nice to just take off and forget about everything for a few days," says Erik Moser, 26, who in March went on a weeklong ski trip in Colorado after getting laid...
...President Obama at a Thursday press conference. The reason for the fast fall into Chapter 11 is that some of Chrysler's debt holders refused to take the cash settlement offer put together by Steve Rattner and the Automotive Task Force, the terms of which they found rather harsh...
...harsh reality is that the situation will get worse--perhaps much worse--not only in Canada but also around the globe for once powerful telcos and their suppliers...