Word: recordability
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...there a credit crunch? Was there ever? Those questions may seem absurd. Throughout the autumn, the interest rate banks charge each other broke one record after another as trust between institutions evaporated, investors stashed so much cash in super-safe Treasuries that yields approached zero, and the private securitization market for mortgages, which keeps capital flowing for more home loans, disappeared. Lehman Brothers collapsed when no one would loan it money, and any number of other firms - AIG, Citigroup, GM - went hat in hand to the U.S. government, lender of last resort. (Read TIME's Top 10 Financial Collapses...
...banks cancel lines of credit?" asks Octavio Marenzi, CEO of the banking consultancy Celent, who joined the debate in December with his own paper, called "Flawed Assumptions about the Credit Crisis." After going through a reckoning of the aggregate data - including the fact that consumer credit hit a record high in September 2008 - Marenzi put forth a couple of possible explanations, including "that policymakers are reacting to the situation of a particular set of businesses and financial institutions and are incorrectly generalizing these to the economy as a whole...
...last place you need ideology is transportation. LaHood has a great reputation and track record of working across party lines. It's very encouraging." - Roger Cohen, president of the Regional Airline Association in Washington, D.C., Bloomberg...
Texas has executed prisoners with a regularity and in record numbers that has earned the state worldwide attention. But, while Texas still led the U.S. in executions in 2008, juries in the state appear to have began to turn away from the ultimate punishment even for the most heinous crimes...
...case, the FBI used two informants to record hundreds of hours of conversations with the men, all of whom were foreign-born Muslims raised in and around Cherry Hill, N.J. The first informant, Mahmoud Omar, was an Egyptian who had pleaded guilty to fraud in 2001. The U.S. government had tried to deport him on two different occasions. But then in 2006 the government began paying Omar and the deportation case went away...