Word: rates
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...vague set of forecasts for returns and, under pain of death, could not supply a detailed accounting of predictions for how government investments will pay out. The process of stimulating the economy may, indeed, have no specific goals other than to move GDP back to the positive growth rate in the budget and stimulus bills and the recovery in employment that is laid out by the Office of Management and Budget. That would mean that the approach to salvaging the economy is freewheeling and subject to only the nonspecific measurements of success...
What's the biggest risk to a continued rise in bank stocks? There are three risks: first, that credit spreads widen again and go back up to historic highs; second, that the employment situation, on a relative basis, is not improving and we see an acceleration in the rate of weekly jobless claims; third, if housing takes another big move to the downside...
...average of 39 m.p.g., and trucks will need to get 30 m.p.g. - roughly 30% more fuel-efficiency than they get today. "The ramp up will be a different path than California's, but it's a national program, so you'll get emissions reductions at a rate higher than California," says a senior White House official, who provided a background briefing on the condition of anonymity...
...British voters - or at any rate, those voters who work for Britain's robustly opinionated media - are calling for heads to roll as each day brings new revelations about MPs' overblown expense claims. Today, Michael Martin, the Speaker of the House of Commons, became the scandal's highest-profile victim, announcing that he will stand down in June, the first time a Speaker has been forced out in 300 years. The Speaker's primary role is to maintain discipline in parliamentary debates, but he also chairs the House of Commons Commission, responsible for advocating changes in the rules governing...
...were convicted for staging separate political protests in Burma in 1999 were both released early after serving only a fraction of their jail sentences. Good news for them. But Burmese can hardly expect the same treatment. If Suu Kyi is convicted - and Burmese courts have a frighteningly high conviction rate - few expect the Lady to taste freedom anytime soon...