Word: pushings
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...down to 5.79%, from an average of 6.55% the week before, according to Bankrate.com As part of the takeover, Treasury announced that it will begin buying mortgage-backed securities--starting with about $5 billion in purchases in the next month. By making more money available for mortgages, this should push rates down even more...
...Such fears say a lot about this country's newfound financial dependence. So does Paulson's preference for making announcements on Sunday--just before the markets open for the week in Asia. "I suspect this is the first case where foreign central banks exercised their leverage as creditors to push the U.S. government to make a policy decision that protected their interests," wrote Brad Setser, an economist at the Council on Foreign Relations who closely tracks capital flows. One suspects it won't be the last...
...last weekend, the Crimson had 19 cracks and its first goal of the season Wednesday. That first tally came off the foot of sophomore Katherine Sheeleigh, Ivy League Rookie of the Year and Crimson scoring leader a year ago. Katherine Kuzma, another one of the valuable rookies that helped push Harvard to its 10-win season last year, picked up the assist on Sheeleigh’s game-winner.Junior Laura Dale started the game and played the first half in net before giving way to All-Ivy classmate Lauren Mann, who started every game in goal last season...
That's why there's such a buzz around the tall, sleek figure bestriding the podium in Loughborough. The town won't need much of a push to switch allegiance from Labour to Tory and neither will the country. A general election isn't due until spring 2010, and Cameron's 20-point lead in the opinion polls could yet sag if fate gifts Labour a game-changing event or an economic miracle. But for anyone who recalls the animosity toward the Tories that ushered Labour into power in 1997 and helped keep it there for more than a decade...
Detroit's struggling and battered automakers are mounting an ambitious push this week for up to $50 million worth of federal loans, which are much less expensive than private credit. They are eager to have necessary legislation in place by the time Congress adjourns before the election. As recently as last winter, loan guarantees for carmakers had seemed like a piece of the Motor City's past (President Carter signed off on the Chrysler loan guarantees in 1980). But a combination of the economic slowdown and Presidential campaign politics, as well as the precedent of the federal bailout of Wall...