Word: losely
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...have already asked whether the agreements were "legal." In a moment of lucidity, Lawrence Summers, a former Harvard president who is now the Obama financial czar said that abrogating contracts would led to a precedent that would ripple through the legal system and cause business and the public to lose confidence in the rule of law. To hear Summers talk the action would be worse the Lincoln's suspension of the right of habeas corpus. (See photos of the troubled economy...
...vast majority of all swaps - not just AIG's - are held by investment banks, or a significant portion is held by other financial institutions like hedge funds. Suppose all swaps are held by banks. Since swaps are a zero-sum game, the banking industry as a whole cannot lose money on swaps. Then there is no need for a bailout. (See 25 people to blame for the financial crisis...
...Steele, who has since been elected chairman of the Republican National Committee. The evening began with a prayer and the Pledge of Allegiance, led by HRC Secretary Rachel L. Wagley ’11. In his speech, Blackwell repeatedly emphasized the importance of returning to Republican values and not losing hope despite President Barack H. Obama’s victory and his enduring popularity. “As a Republican party, the issue is how do we respond to the political valley that we now find ourselves in,” Blackwell said. “If we respond...
...students voted for Obama. Like it or not, Republicans always will be on the fringe. Second, apologizing for stereotypes aids the opposition because it implies that others’ misconceptions are well founded. It’s like answering the question, “When are you going to lose weight?” There’s no right answer...
...superior roads and airport, health care, low crime and decent air quality. The government makes an effort to retain foreign knowledge workers, who are viewed as vital to the health of Singapore's small but highly competitive economy. Unlike many countries, Singapore does not automatically deport foreigners who lose their jobs. Expats can apply for a special visa that allows them to look for another job for up to six months...