Word: interestingly
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...rates they are now paying investors - without government backing, that is - are significantly higher. Analyst Brad Hintz of Bernstein Research estimates that JPMorgan, one of the healthiest banks, will have to pay three percentage points more per year to borrow without the FDIC guarantee. That would boost the interest JPMorgan has to pay on five-year loans to 6%, from an FDIC-backed rate of 3%. For Goldman, the cost of borrowing could rise as much as five percentage points...
...Politicians are natural masters at understanding how metaphors can control conversations. Just think of President Obama and Administration officials - people with a vested interest in convincing us the country is on the mend - talking about "glimmers of hope" in the economy. "Green shoots" seem like child's play when set next to "glimmers of hope. (See the top 10 worst business deals of the past year...
...Treasury is in the process of auctioning hundreds of billions of dollars in debt and this will continue until the government no longer needs capital to run the country and save the world. IRS receipts are already running well below the Administration's forecast. The interest rate that the government will have to pay for money may go up as investors become less comfortable with the federal deficit. The Chinese government, which is the most important single purchaser of US paper, has expressed concern about the profligacy of American spending. No one can tell what the Omega is for government...
Axelrod points out that the Obama Administration has no vested interest in holding back an inquiry. "Obviously this is a look-back that doesn't relate to stuff that we did but stuff that the last Administration did. So it's not a self-interested decision to say we want to look forward and not back. But it really is ... what the President thinks is best for the country." (See pictures of Pelosi throughout her career...
...cast her as a black radical in a designer dress. She will say she's just doing what comes naturally. But whether by accident or design, or a little of both, she has arrived at a place where her very power is magnified by her apparent lack of interest in it. "Over the years, the role of First Lady has been perceived as largely symbolic," Hillary Clinton observed in her memoirs. "She is expected to represent an ideal - and largely mythical - concept of American womanhood." That was not Clinton's favorite part of the job. Maybe this is Michelle...