Word: parlous
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...going to say "Congratulations" on your nomination to be Treasury Secretary (who knew when we were in Tokyo together in the early '90s that you'd end up with your name on U.S. currency someday?). But I'm not sure congratulations is exactly the right word, given the fiendishly parlous economic times in which we now live. I do wish you luck, though, and in this little missive I'll try to offer a bit of advice...
...night; restaurants by star chefs Nobu Matsuhisa, Giorgio Locatelli, Santi Santamaria and Michel Rostang; a giant aquarium containing 65,000 marine animals; and the Middle East's biggest theme park with a waterslide that plunges through a shark tank - an unintended metaphor for the current parlous state of the Dubai property market...
...French officialdom, a more effective response may be to feign indifference in order to rob the slight of its intended impact. In fact, a significant portion of the booing has little to do with politics at all - it's the reaction of white French soccer fans to the parlous state of the national team, and failure of an unresponsive establishment to rectify it by firing the widely loathed national coach, Raymond Domenech...
...That was one reason so many Americans regarded Hank Paulson's bailout plan with skepticism. And it's why Britain's Prime Minister Gordon Brown and his Chancellor, Alistair Darling, did not want to dwell Wednesday morning on how Britain's banking sector had got into such a parlous state that the government was compelled to spend up to $88 billion in taxpayers' money to secure it. Their emergency rescue plan was hatched over weeks but finalized in such a hurry that bleary officials labored overnight to finish it before the skittish markets opened. At a morning press conference, both...
...times it makes sense to build a cushion for the bad times," says Ramirez. So while Spain enters a downturn "a significant portion of the potential deterioration [for banks] will be covered by these provisions." There are no guarantees, of course, for Santander or anyone else, in today's parlous international environment. But for now, at least, Spain offers a lesson in prudence through regulation that other countries would do well to emulate - even as they curse themselves for not doing so sooner...