Word: jump
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...first glance Ottawa's C$125 billion pales in comparison to the $1-trillion "bad bank" being contemplated by Obama to jump-start lending in the U.S.; however, accounting for differences in size between the two economies, the figures are nearly identical. If Canadian banks, ranked best capitalized in the G7 according to the Geneva-based World Economic Forum, are sitting on massive cash injections to healthy balance sheets, what can Obama expect from U.S. banks...
...reinforces the U.S. experience with TARP: government loses control of stimulus money once it falls into the hands of recipients. Obama needs to be realistic about what the "bad bank" can accomplish - namely relieving banks of some junk assets at considerable cost to the taxpayer. It won't jump-start consumer lending - at least not in the foreseeable future if the lesson of Prime Minister Stephen Harper's experience is anything...
...1980s. So did profits and pay. You can argue that CEO compensation is a rigged game, but on Wall Street, lavish pay packages have never been restricted to the top of the executive ladder. Top-performing investment bankers and traders were paid big sums because otherwise they might jump ship to a rival bank or a hedge fund. And nobody was forcing rich people and pension funds to entrust their money to high-fee private-equity firms and hedge funds. (See the top 10 financial collapses...
...team best on the season, placing first in the 800-meter in 1:55.48. Classmate Steven Geloneck came in second in the 60-meter dash with a time of 6.99, the first time this season the freshman ran under seven seconds. Junior Jonathan Brito had his best jump of the season, placing fourth with 1.89 meters in the high jump...
...Merritt and her time of 7.73, a personal best. Harvard swept the 60-meter hurdles, with Shannon Flahive, Dara Wilson, and Geneva Trotter coming in 1-2-3. All three have qualified for the ECAC Championships with their efforts. The team also towered above the rest in the long jump, taking the top four spots with senior Brittan Smith coming in first after leaping 5.7 meters...