Word: held
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...things started to unravel Citi remained deeply invested in Dubai. In late 2008, just weeks after Citi had received its initial TARP funding from the government, Citi helped arrange an $8 billion loan for Dubai's state-linked companies. It's unclear how much of the loan Citi held onto. By that time, Citi's own research staff had begun to issue warnings that Dubai was the most vulnerable economy in the oil-rich gulf because of its exposure to real estate and debt. Nonetheless, Win Bischoff, who was Citi's chairman, said at the time of the financing, "This...
...meat and fat (sometimes in trimmings bought directly from the butcher) on the Inuit diet, or skim milk and bananas on Dr. George Harrop's aptly named bananas-and-skim-milk diet. As late as the 1960s, Dr. Herman Taller was touting the Calories Don't Count diet, which held that the quantity of food consumed was unimportant provided that you chased it with vegetable...
...even and especially in this time of economic distress. As it turns out, this financial crisis was not the call to bold action that White House chief of staff Rahm Emanuel said shouldn't "go to waste." Quite the opposite: if he doesn't want his presidency to be held hostage by a string of nail-biter votes in Congress, Obama needs to recognize that he overestimated the public's appetite for taxpayer-funded solutions...
...plan to cut taxes and is presenting himself as the true conservative in the race (although he, like Whitman and Campbell, is socially moderate). If Whitman prevails in the June primary, she will probably face former Democratic governor Jerry Brown next November. Polls show that if the election were held today, Brown would defeat the GOP nominee soundly...
Complexity is the mode of the second author, Theodore Roosevelt Malloch, whose book Thrift: Rebirth of a Forgotten Virtue may be tough sledding for the non-Ph.D. reader. Malloch, who has held positions at the U.N., the Senate Committee on Foreign Relations and the State Department, writes with passion in an ambitiously academic style. He examines the history of the concept of thrift--the root of the word is an Old Norse verb meaning "to thrive"--citing the contributions of the Scots and Calvinists. Malloch, like Farrell, considers frugality a moral imperative as well as an economic necessity. "Thrift...