Word: interests
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...already suggesting that its stimulus package, aid to banks, and budget will stretch the Treasury to raise hundreds of billions of dollars to cover a deficit that will be well over one trillion dollars in the next federal fiscal year. Bringing in that money is already projected to raise interest rates on Treasuries. That will ripple out to business and consumer loans including mortgages. The idea the rates will fall further is bogus...
...then there's something else - something I've been noticing among my friends in recent months. A friend in Chicago sold her car and now relies on public transportation. Another has taken on freelance work for the weekends, even though she hasn't lost her job. In the interest of disclosure, we are all "of a certain age," and it is natural for a particular sort of gravity to kick in at about the 30-year mark. (A friend recently noted that turning 31 is like being in the ocean and no longer seeing the shore. Ah, to be young...
Koutoujian said that Koh built consensus—an ability hailed by a number of his colleagues—by convincing all the players that it was in their best interest to give the hospital a chance to stay open...
...times. It is basically the story of an immature industry that grew way too fast, quintupling the size of its plants in just a few years, even as it was struggling with dangerously complex new technologies and an understandably onerous regulatory process, buffeted by plummeting electricity demand and soaring interest rates. The last nuclear plant ordered by a U.S. utility broke ground in 1973 and took 23 years to finish. The average cost overrun for a reactor approached 300%; the Washington Public Power Supply System-known as "whoops"-walked away from three plants mid-construction, triggering the largest municipal bond...
...cooperation with the U.S. on counterterrorism, Curtis says, "the Pakistanis have the initiative - they play us." Adds Stephen Cohen of the Brookings Institution: "The problem from the beginning has been that elements [of the ISI] have gone off and done things they think are in [Pakistan's] national interest - and nobody wants to stop them...