Word: late
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...pressure mounted from regulators, the Federal Reserve and Congress on the Financial Accounting Standards Board to loosen accounting rules so that the toxic assets' book value could be marked up to buttress the banks' balance sheets - conveniently raising the assets' potential sales price at the same time. And in late March, days before the meeting with the bank CEOs, Geithner and Obama unveiled the government subsidies for buyers, drawing big names like Blackstone and Pimco into the market to purchase the assets from the banks and resell them...
...Cambridge Public School Committee unanimously approved the district’s $133.6 million budget last night, rejecting a late motion to restore cut funds to three educational programs run by outside non-profit organizations. The motion, which had been postponed from the Mar. 24 budget discussion, drew sharp disapproval from Mayor E. Denise Simmons, who said passing the proposal now would upset the already balanced budget. “I am extraordinarily disappointed that this is before us,” she said. “I cannot say that more emphatically. It has a budget impact that will...
...taking the honorable steps," says Farina. Perhaps. But Lugo's behavior leading up to his admission on Monday was reminiscent of former U.S. President Bill Clinton before he conceded his affair with Monica Lewinsky in 1998. Lugo kept even his closest aides in the dark about the truth. As late as last weekend, presidential spokesman Emilio Camacho was telling reporters that Carrillo's paternity claims "must be false." Sources close to Carrillo suggest the suit might never have been filed if Lugo had assumed a more appropriate level of child support in the past...
...representing Cellini. Because of the conflict of interest, Gillespie had to step down from the former governor's defense team. That made him the second high-profile defense lawyer to drop Blagojevich since the saga began. Gillespie's partner, renowned Chicago criminal defender Ed Genson, left the case in late January after becoming frustrated that Blagojevich wouldn't heed his advice to stop giving interviews. Before he gave up the case, Genson complained that the surreal atmosphere at Blagojevich's impeachment trial had become like Alice in Wonderland. Federal prosecutors just have to hope it doesn't get any stranger...
...pictures of the Thai monarch. The absence was marked, especially compared with the omnipresent images of the King clutched by Yellow Shirt protesters last year, when they besieged Bangkok's airports for a week in an effort to unseat the government, which was then essentially a Thaksin proxy party. (Late last year, a Thai court dissolved that ruling party. The opposition Democrats - led by current Prime Minister Abhisit Vejjajiva - took over, prompting the Red Shirts to initiate their protest movement.) Indeed, the Yellow Shirts' very choice of sartorial color was a not-so-subtle reminder of their loyalty...