Word: keeping
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...largest lenders to small businesses, CIT, said the government was unlikely to save it from bankruptcy. The company could still find a private investor to swoop in and rescue the firm. By some estimates, CIT has to find as much as $6 billion in new capital - and fast - to keep the lights on, and in this economy, most investors are betting that's not likely. CIT shares have fallen 90% this year, and traded around 40 cents on Thursday. A bankruptcy, some say, could come before the weekend. And that has many people for the first time in months getting...
...House chief of staff Rahm Emanuel has been talking up the possibility of setting up a public plan only as a fallback if the private-insurance industry fails to create a robust and competitive market for health coverage. "The goal is to have a means and a mechanism to keep the private insurers honest," Emanuel told the Wall Street Journal. "The goal is nonnegotiable; the path is" negotiable. (See the top 10 medical breakthroughs...
...eliminating the magistrate and putting prosecutors in charge," says Patrick Baudouin, who represents victims' families in the monk case. "This case of the monks is the best example yet that once an independent judge is allowed to investigate, the ability of the rich, the powerful and the state to keep the truth covered up is reduced to almost nothing...
...Armand Veilleux, who in 1996 was procurator general of the Cistercian order in Rome, says he met stiff resistance from French officials in Algiers when he insisted on seeing the corpses - and was ultimately told only the heads had been recovered. Veilleux says the officials then ordered him to keep what he had been told secret. "We're convinced the bodies were never recovered because they were riddled with bullets - something that would have discredited Algeria's official version and revealed the active complicity by French officials in covering the truth up," says lawyer Baudouin...
...system of credit ratings. "Banks are geared to lending to very big companies that are very easy to understand," says Spelich. "Lending to a company that has maybe five employees is not an intuitive thing." Banks consider small businesses poor loan candidates because they have shorter life cycles, often keep spotty financial records and lack significant property or other forms of collateral, says Du, the Chinese Academy of Social Sciences deputy director. Lending to a state-owned enterprise comes with at least the tacit understanding that the government will guarantee the loan, or at least ensure the company doesn...