Word: plan
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...Prague, but elsewhere in the Czech capital, the President may find the ambience somewhat more chilly. Whereas the Czech Republic might once have been the most unquestioningly loyal of Washington's post-Cold War allies, Prime Minister Mirek Topolanek's comment last week that President Obama's economic stimulus plan is "a road to hell" underscores the fact that Czech support for the U.S. leadership is no longer a certainty...
...plan to resuscitate the global economy has been well-received. American banks are being helped by government financing and new accounting rules that let them cook their books without being called to task by their auditors. Bank stocks have done well and the news about the sector may be good enough for them to hold their ground...
...number of risks remain for the nation's largest banks, any one of which could derail the recent rally. Not only will banks' earnings probably be down in the first quarter, Treasury Secretary Timothy Geithner's plan to rid the banks of their troubled loans suggests there could be billions more in losses as banks offload these loans in the quarters ahead. What's more, a number of banks have yet to deal with a requirement to recapitalize their large trove of off-balance sheet assets, which will put further strain on banks already strapped for cash...
That's hardly the last of the red ink. In mid-March, the Treasury Department unveiled a plan to help banks sell the mortgages and other soured loans that are sitting on their books. The plan may save banks money in the long run, but it could be very costly over the next year or so. The reason is simply that many banks have only minimally written down the value of these troubled loans, and once they hit the marketplace they could be valued much lower. Geithner's plan offers cheap loans to investors to try to entice them...
Many of the Cambridge residents who spoke against the proposition said that they were opposed to the school’s suggested alterations to the church, not the plan to bring the Art Institute of Boston to Cambridge...