Word: musts
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...string of beleaguered banks since the crisis began, the German government wants to pass the bill for future bailouts to the banks themselves. Lenders "cannot in the future gamble at the taxpayers' expense," Volker Kauder, parliamentary leader for the governing Christian Democrats, told a national TV network Monday. "Provisions must be made so that they - if things get difficult - pay for things themselves." (See the best business deals...
...Analysts expect a surge in home-buying activity in the coming weeks as Americans rush to take advantage of the tax-credit program before its April 30 contract deadline. (Under the program, a contract must be signed by April 30 and the home closed by June 30.) Expect lobbying efforts calling for the credit to be extended a second time to escalate as the expiration date draws closer - similar to what happened in the weeks leading up to the first expiration date. But not all experts are on board. Jay Brinkmann, chief economist with the Mortgage Bankers Association, says...
...warplanes being built by - well, new perpetual bogeyman China or former perpetual bogeyman Russia. Rather, the haste is being driven by Pentagon concerns over looming shortages of F-16 and F-18 jet fighters. And what's causing those shortages? Gates made it clear that the current planes must be retired in order to save money so the military can pay for the F-35. "The Air Force, in order to be able to afford the modernization, is going to have to retire some older aircraft," he said. "That's just a fact of life." Others in the Pentagon call...
...election and its result as a referendum on the right's national leadership - a claim difficult for Sarkozy's government to deny, given that 20 Cabinet members (including eight full ministers) who ran in the polls were roundly defeated. "The President of the Republic, the government and its majority must take into account this thrashing defeat and recognize their failure," said 2007 Socialist presidential candidate Ségolène Royal, who triumphed in the Poitou-Charentes region. "The French people have spoken, and I believe they must be heard," echoed Socialist Party leader Martine Aubry. "Hearing the French people...
Conservatives blame Sarkozy for their resounding defeat. Some right-wing officials now insist it's time the President abandons his mix-and-match policy decisions and return to basics. "This is a real defeat for us, and it carries a message we have to retain: we must go back to the fundamentals," says Jean-François Copé, president of the UMP's parliamentary group. "Those are what got Nicolas Sarkozy elected in 2007." (Read "Nicolas Sarkozy: A Grand Entrance...