Word: lifts
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...debate sharpens in the U.S. Congress over Treasury Secretary Henry Paulson's proposed $700 billion bailout package, Washington policymakers would be wise to lift their gaze beyond the Beltway and take a look at Sweden. That country has already been in this particular policy hell, during a banking crisis of its own in the early 1990s. "The basic conditions are the same," says Bo Lundgren, Sweden's Finance Minister at the time. "There was the same anxiety and the same need for confidence." He's one of a number of Swedish financial types who have been shuttling...
...taffy pull between the Bush Administration and lawmakers from both parties. Many on Capitol Hill believe Treasury Secretary Henry Paulson is seeking too much unregulated cash and power in his effort to stabilize the economy by buying up toxic mortgage-backed securities. He's also asking Congress to lift the ceiling on the national debt to a record $11.3 trillion from the current $10.6 trillion, which could weaken the U.S. dollar, raise interest rates and act as an additional drag on the economy. All that money has led to lots of questions from lawmakers and taxpayers alike. Here...
Only two things stopped the panic. One was Paulson's move to guarantee the money market funds with a special hoard of Treasury money usually reserved for stabilizing the dollar against other currencies. The other was the announcement Thursday night of the plan to lift the bad loans (and the myriad complex assets made up of them) out of the system and put them, at least temporarily, on the taxpayers' balance sheet. If the deal falls through, the panic will almost surely begin again...
...best team there,” Harvey said. “We certainly don’t panic after the first day,” Harvard coach Kevin Rhoads said of his team’s tendency to get off to slow starts. “They usually lift their games.” Perhaps the brightest note on the opening weekend was the play of freshman Christine Cho, who competed individually in the tournament. In her first collegiate competition, Cho (73-75-148) finished second overall. “It’s just a sign of what she?...
Fucito and senior midfielder John Stamatis teamed up twice to lift the Crimson to victory over the Wolfpack...