Word: preciouses
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...resolving the financial crisis. In early February, Treasury Secretary Timothy Geithner said he wanted to start a public-private partnership to buy up toxic assets. Banks hold tens of billions of dollars in mortgage bonds, and as the bonds fell in value or were wiped out completely, they erased precious capital the banks need to survive. Geithner and others believe that rescuing banks from these bonds will save them. To do that, the bonds have to be priced to sell...
...Obama, of course. He has to govern. He has to manage situations - the banks at home, the deterioration of Pakistan overseas - that might prove unmanageable. For all the spiritual success of his budget speech, there were precious few details about his policy priorities. No one really knows what to do about the American auto industry. No one really knows if, or how quickly, alternative energy sources can revive the economy and salve the planet. There seems to be some confusion about how to proceed on health care. In his speech, the President promised a national health plan within the year...
...monstrosity that the stock market has made it out to be. It may cut its dividend or lose its precious credit rating. Its financial service businesses may post large loses. But, it should not trade like a money center bank that the federal government is about to nationalize...
...time a decision of Vice President Glenn Close is ignored because she’s a woman. We’ve come so far since 1997. 9. Every time we are supposed to understand that the president is cool because he likes sports. These include numerous references to his precious baseball glove. 10. Five shots when a mention of the baseball glove coincides with a testicle joke. 11. Mormons and pregnant women: drink every time the President kills a terrorist and feels sorry about it (Hint: this never happens). 12. When the President takes a break from kicking...
...best possible spot, we were going to have to battle with 140,000 other early risers. And unbeknownst to us, we were also going to have to tolerate appalling police incompetence. And so late at night on January 19, I put on three pairs of pants, grabbed our precious, fancy-looking tickets and some American flags, and we hit the road. When multiple detours finally brought us to our section’s entrance at 3:30 a.m., we found a very civil, self-policed line of 60 or so friendly people bundled in coats and sleeping bags...