Word: plan
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...problem pales beside the political one: when crisis strikes, Europe almost never acts like a true union. After French President Nicolas Sarkozy summoned the leaders of Britain, Germany and Italy to Paris on Oct. 4, German Chancellor Angela Merkel coolly torpedoed his proposed $409 billion Europe-wide financial rescue plan. No money for the greedy fools of other lands, she seemed to say, only to then guarantee German private bank accounts and save Hypo Real Estate. That followed similar moves by Ireland and Greece. And Britain's Gordon Brown will always be loath to see Brussels lay its regulatory hand...
Historians trying to decide when the Panic of 2008 began may look to the morning of Oct. 6, when the U.S. government's vaunted $700 billion rescue plan barely slowed the market meltdown. The usually ebullient CNBC host Jim Cramer went on Today and implored, "Whatever money you need for the next five years, please take it out of the market right now." Retirees were frantic. Even Fed Chairman Ben Bernanke, his face a rictus of worry, said the economy probably won't improve until next year. Stocks veered wildly...
...extract from sellers not just complex debt vehicles like mortgage-backed securities but also plain old faltering home loans with local banks, without vacuuming up every loan in the country. If these approaches don't work, Kashkari and the rest of Paulson's team will need a Plan B. And fast. It's a tough assignment for a temp...
...years except one. "I've done this sort of rolling interview before," he says, "and what struck me as different this time was that everyone seemed a little nervous to be talking politics." In general, David found a good number of blue collar white voters who said they plan to vote for Obama because of the economy, and some who say they plan to vote against him because they disagree with his policies. But he found little evidence that race will be a determining factor either way. Accompanying David's piece are provocative essays on Obama's candidacy by TIME...
...Center, a joint venture between the privately owned U.S. Health Management Enterprises of Los Angeles and China-based Shanghai East Hospital, caters to the city's Westerners, according to CEO Paul Workman. A study conducted by Hewitt Associates, a global human-resources-services company, revealed that 55% of companies plan to boost the number of expats they employ this year, a 2% increase over 2007. About 21% of China's expats are Westerners, whose private insurers and employers often pick...