Word: recentered
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...companies, though, are seeing the same benefit. As a recent Merrill Lynch report pointed out, when companies with lower credit ratings are going to issue debt, they're still paying up. Bonds that fall in the lowest category that still manage to be considered "investment grade" are yielding 5.3 percentage points more than government bonds. That's down from a high spread of 6.2 but still far above the 22-year average of 2.2 points. High-yield bonds, which are even riskier, are at a spread of 15.2. That's down from a high of 19.8 - yet three times...
...take public and significant efforts to reduce our weapons stockpiles as well as encouraging Russia to do the same. The rising calls of a number of eminent Americans, including the “Four Horsemen” (George Shultz, William Perry, Henry Kissinger, and Sam Nunn) in several recent articles, lay out a nuclear-free world as the only possible stable endpoint. As long as nuclear weapons exist anywhere, no one is safe, particularly in this age of terrorism, when bombs can no longer serve as deterrents for stateless actors who believe themselves martyrs...
...environmental issues and his willingness to work closely with undergraduates. “He is legitimately a hero to the entire campus environmental community,” Arnold said. A sense of optimism pervaded this year’s awards ceremony, as attendees and speakers repeatedly mentioned the recent elections that have ushered in an administration that prioritizes environmental issues. The ceremony began with a tribute to Lisa P. Jackson, the new administrator of the EPA. The Obama administration was also feted with a video of First Lady Michelle Obama’s recent address to the EPA, in which...
...quasi-legal black-market rate of almost six to the dollar. Vargas has long denied the accusation, insisting he's not part of the "boli-bourgeoisie" (named for Chávez's Bolivarian Revolution) that got rich cozying up to Chávez while oil prices skyrocketed in recent years. He and his friends say instead that he's simply a banker Chávez officials have found trustworthy, a man who can deal in capitalist circles but who funds three foundations for the poor and deep down sympathizes with the revolution's social agenda...
Perhaps Obama's most dramatic departure from the recent past is his public presence: cool where George W. Bush seemed hot, fluent where Bush seemed tongue-tied, palliative rather than hortative. Bush would never admit a mistake, but Obama said the words plainly - "I made a mistake" - when his appointment of Tom Daschle as health-care czar tanked, one of the few significant setbacks during his time in office. (One senses that Obama's cool can quickly turn chilly. "He is not very sentimental," says an Obama aide. "If you're no longer useful, he'll cut you loose...