Word: nationalizes
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...what should greens do to avoid irrelevance, now that Hank Paulson is replacing Al Gore as the nation's chief scold? First, tie environmental rescue to economic recovery, by "greening the bailout," as columnist Tom Friedman of the New York Times has put it. As the new Administration - whether Democratic or Republican - searches for ways to stimulate the economy, green infrastructure spending could be the way to go. More money for high-speed rail, tax credits for new solar systems, increased federal funding for renewable energy - these are policies that might not only help stimulate a flagging economy, but directly...
...children, my grandchildren and I will be paying for all of it over the next 30 years, thanks to the Fed's bailout. And if excessive lending and borrowing got us into this mess, how is the Fed acting differently by taking out a 30-year mortgage on our nation's future? Please stop the backlash against Wall Street; do not criticize me for my place of business. Kevin M. Nichols, NEW YORK CITY
...Europe's inability to rise above its "each nation for itself" mode bodes ill for the prospect of broader international coordination to shore up credit markets in the face of a global crisis of financial confidence. If countries that have long vaunted their joint destinies can't work together, it seems all the more difficult to envisage a global response of governments and regulators toward a financial sector that itself cares little for national borders. Certainly Germany's unilateral action didn't help European markets resist a strong downward trend from Asia, and indexes plunged on Monday, with the FTSE...
...total savings guarantee announced last week by Ireland, which E.U. competition authorities had already pledged to challenge as a competition-distorting measure. But with Germany, Europe's largest economy, reversing its stand and taking that same route Sunday, Austria said it would follow suit - making it the fourth E.U. nation to guarantee private savings, along with Greece. Denmark and Sweden also raised the limits on savings they would guarantee, and by Monday, even British Finance Minister Alistair Darling was giving signals that Britain too might swap its current $88,000-per-person savings guarantee for blanket protection...
...Dubbed the "nation's actress," Choi starred in some 16 movies and more than a dozen TV soap operas throughout the 1990s. But her career took a hit in 2002, when the public learned of her troubled marriage and subsequent divorce from Cho Sung Min, who plays baseball for the big leagues across the sea in Japan. After her divorce in 2004, the mother of two became anathema to producers and broadcasters who, according to industry observers, were and still are reluctant to put single mothers in starring or prominent roles. After four years of struggling, Choi's career...