Word: preferments
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...stealthy new fighter jets—is the sort of military project that the New York Times crowd loves to hate. It is incredibly expensive, it has not been used in either Iraq or Afghanistan, and it seems to be entirely useless in a world where our foes prefer decidedly low-tech means of destruction. Critics, including current Secretary of Defense Robert Gates, have been vocal in their calls to end procurement of the controversial fighter jet, currently stalled at 183 aircraft. But with all due respect to Secretary Gates—who has rescued the Pentagon from the nearly...
...Business Secretary Peter Mandelson has the power to intervene in the deal but has indicated that he does not intend to do so. Lord Mandelson's social interaction with another oligarch, metals magnate Oleg Deripaska, attracted negative press commentary in the fall; the minister may prefer to keep a distance from the dealings of rich Russians. But Lebedev, still only 49, is no ordinary oligarch. He even rejects the label with its connotations of bling-bling lifestyle and financial secrecy, and in September confided to the Daily Telegraph that the economic slump had shrunk his fortune by two thirds...
...saying that Caroline Kennedy withdrew her name after learning that Paterson - who has the sole authority to name the replacement for Clinton - had decided against picking her. Recent polls have shown that while she was once considered a strong candidate for the position, New Yorkers now say they would prefer state Attorney General Andrew Cuomo - another member of a famous political family, and a former cousin-by-marriage of Caroline Kennedy. A series of tense media appearances and an unusually aggressive behind-the-scenes lobbying campaign by New York power brokers on her behalf have helped damage Kennedy's once...
...reaffirming the greatness of our nation, we understand that greatness is never a given. It must be earned. Our journey has never been one of short-cuts or settling for less. It has not been the path for the faint-hearted - for those who prefer leisure over work, or seek only the pleasures of riches and fame. Rather, it has been the risk takers, the doers, the makers of things - some celebrated but more often men and women obscure in their labor, who have carried us up the long, rugged path towards prosperity and freedom...
...still too expensive," says Masaaki Kanno, chief economist at JPMorgan Securities in Tokyo. "More importantly, you could argue that it's too risky to hold the stocks." Kanno says people have lost a sense of what's fair value for financial assets, including stocks and other risky assets; they prefer time deposits, risk-free investments and cash. "Unless investors can have a positive outlook on corporate profits, there is no hope that stock prices will go up," Kanno says...