Word: railroads
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...John Moody became the first financial analyst to assign letter grades to railroad bonds, giving investors an easier way to evaluate the rail companies' debt. It was the beginning of one of the most powerful forces in modern capitalism. Today a small club of bond-rating agencies, led by Moody's, Standard & Poor's and Fitch, wields enormous power, sending investors scrambling simply by changing the ratings that the firms assign to everything from Ireland's sovereign debt to General Electric's IOUs. They are pilloried for having wildly overestimated the quality of mortgage-related securities...
...Obama fired back the same day. "I know there are some who believe we can only handle one challenge at a time," he said, invoking Lincoln's launch of the transcontinental railroad in the midst of the Civil War. "We don't have the luxury of choosing between getting our economy moving now and rebuilding it over the long term." The political strategy of the Administration can be summed up in a motto: "Never waste a good crisis," as Secretary of State Hillary Clinton put it. That phrase has been the rallying cry of the Obama team for months...
...which has a wood-burning fireplace, you'll even fresh-baked dog biscuits and an in-room pet dining menu. There's an additional one-time $50 cleaning fee you'll have to pony up, even if Fido is neat as a pin. Rates start at $229. 6501 Railroad Avenue S.E., Snoqualmie...
...Aboard! Riding on Amtrak's Acela Express trains just got cheaper. The railroad is offering 25% off prices for tickets purchased 14 days in advance, meaning a one-way ticket between Washington, D.C., and New York City can cost as little as $99, and between New York and Boston, just $79. The sale lasts through June 26, with limited availability...
...activists during Bush's first term, a MISSION ACCOMPLISHED sign hangs on the toolshed. Dozens of shoes adorn the picket fence, their soles pointing streetward in solidarity with the Iraqi journalist who threw his footwear at Bush. Late in the afternoon, a long black limousine slides across the nearby railroad tracks, but it is only a group of Crawford High seniors off to celebrate prom night in nearby Waco. North of town, the pasture dubbed Camp Casey in honor of Sheehan's fallen son is deserted; Christmas wreaths shaped like peace signs still hang on the gate...