Word: messes
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Julia is a mess. In her shiny green dress she staggers through a crowded L.A. bar, talking too loud, running her hand inside a man's shirt and saying, when asked by a stranger what she does, "I like to make people's dreams come true." The next morning she wakes up in the back seat of the stranger's car, he asleep next to her, and opens her mouth in a grimace of disdain, as if trying to spit out the memory of last night and all the other last nights. A 40-year-old alcoholic who keeps embarrassing...
...civilian casualties - a U.N. document leaked last week estimated that more than 6,400 civilians have been killed in the last three months. But the Defense Secretary dismissed humanitarian concerns as "a ploy employed by some people to extricate [LTTE chief Vellupillai] Prabhakaran and his top leaders from the mess they had got into," the report said. Remaining firm in the face of international pressure - particularly from its former colonial power Britain - is an issue of national pride for the Sri Lankan government. "They don't want to be told what to do," says Paikiasothy Saravanamuttu, executive director...
...Then there's all that bad debt. We've now mostly worked through the subprime mortgage mess that started this whole debacle, but lots more losses - from prime mortgages, credit cards, commercial real estate, you name it - are still to come. Morgan Stanley economist Richard Berner estimated on Tuesday that even in the most bullish case, banks and other lenders have only recognized about half the $1.7 trillion in loan losses they're likely to suffer over the course of the downturn. In Berner's "bear" case, losses will top $4 trillion...
...this bad-debt overhang, however big it turns out to be, that is likely to cast a pall over the recovery for years to come. An economy, even the world's biggest, simply can't work its way out of a mess like that in a few months' time. So enjoy those green shoots as they sprout. They're good news, but they're not enough to live...
President Obama has often talked about the mess he inherited from his predecessor, but on this occasion, the worst imaginings of the Bush Administration served him well. Authorities in Mexico said 150 people are believed to have been killed by swine flu. More than 100 in seven other countries are infected. But it almost doesn't matter that Obama has had no Health and Human Services Secretary to manage the response--or a surgeon general or a head of the CDC or a border-patrol commissioner. The contingency plans were already in place...