Word: pressings
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...scrutiny as a result of the global recession, however, the Fed chief saw fit to grant the first television interview since his appointment to 60 Minutes correspondent Scott Pelley. The last time a Fed chair gave a television interview was in 1987 when Alan Greenspan appeared on Meet the Press - an interview that was followed the next week by the largest single-day drop in stock market history. So why Bernanke's change of heart? He responded to that question quite plainly: "It's an extraordinary time. This is a chance for me, I think, to talk to America directly...
...under pressure from Congress and the press, also released the number of the counterparties to many of its credit default swaps. AIG had decided to insure the value of certain paper owned by the likes of Goldman Sachs (GS), Morgan Stanly (MS), and Deustsche Bank (DB). When the value of that paper fell, AIG was on the hook to pay off the "insurance" which kept the likes of Goldman from having to book large write downs. Those write downs might have pushed Goldman into a difficult financial situation. The same holds true for a number of the other companies doing...
...having led the country into inconclusive wars in Lebanon and Gaza, wants to end his term on a positive note. Shalit's release would do that. However, though the Egyptian-brokered talks are top secret, Hamas is said to be exacting a high toll for Shalit's freedom. Press reports say the Islamists are demanding that Israel release 1,400 prisoners in three stages, including "several dozen" serving life senteces for multiple killings. This pains Israel because it means that terrorists "with blood on their hands," as the Israeli press says, will be set free to possibly strike again...
...Vicente isn't alone in that characterization. Upon hearing of the award, bullfighter José Antonio Morente de la Puebla told the press, "I think it's shameful that they would give it to him," and added that he saw the decision as clear evidence of how little those behind the prize understood "about bullfighting and about...
Arab and Israeli press reports say Olmert has reluctantly agreed to Hamas' list of prisoners but that he wants 90 convicted terrorists to be deported to Syria, Lebanon or elsewhere and another 30 Palestinians to be released in Gaza, not to their homes in the West Bank. Hamas supposedly refuses to make these concessions...