Word: remain
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...Despite interest-rate cuts last week in the U.S., Europe and Asia, businesses throughout the world are finding it nearly impossible to borrow and money-market rates remain abnormally high. In Hong Kong, for example, the one-month interbank offered rate, the benchmark for short-term bank lending, rose to 5% last week even as the city cut its policy rate from 3.5% to 2.5%. Banks remain leery of lending in the face of further financial-industry failures...
...orderly way." But with voters baying for the blood of Britain's bankers, the government was careful to secure concessions in return for taxpayers' money. There'll be no cash bonuses for execs of the three institutions this year (though their annual salaries, all upwards of $1.5 million, will remain intact). Future remuneration will be more closely tied to the banks' long-term performance. Government-appointed directors will join the lenders' boards. And, crucially for the wider British economy, the banks have pledged to boost lending to homeowners and small businesses to last year's levels...
Meanwhile, the outlook for the entire industry remains grim. Show rooms across the country are empty. Furthermore, in spite of Monday's huge upturn on Wall Street, GMAC, the finance company owned jointly by GM and Cerberus, did not loosen its strictures on credit, announcing it would not underwrite loans for any customer who did not have a credit score of at least 700, effectively shutting out the majority of buyers. Said GMAC spokeswoman Sue Mallino: "The company currently expects these actions to remain in place until the credit markets stabilize and accessibility improves...
...works in progress, but remain true to yourself,” said Philip S. Koch ’78, who is a commercial advisor to Exxon Mobil. “Remember to give back to the community at large...
...efforts have turned out well. Some diplomats believe the solution he helped draft to the Kosovo war in 1999, which stipulated that Kosovo remain under Serbia's control, left the problem unresolved and sowed the seeds for the recent flare-ups between the West and Russia in the Balkans and Caucasus. "It was not a good deal. We should have gone all the way," says a U.S. diplomat familiar with the compromise. Ahtisaari has also been criticized for supporting the U.S. invasion of Iraq in 2003, which he did on humanitarian grounds...