Word: rescuees
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The excitement of a fast-paced, neck-and-neck contest. The thrill of scoring with only seconds remaining. The heartbreak of a sudden overtime loss.No, this wasn’t an episode of Friday Night Lights or a made-for-TV college sports movie. This drama-filled endeavor was the...
Now a new government must try to rescue the economy. Former-national bank governor Gyorgy Suranyi and academic Ferenc Glatz have both been mentioned as possible caretaker premiers. Or the country might decide to go to the polls early which would open the way for the rightwing Alliance of Young...
But none of that has calmed this week's circus in the nation's capital. And so on Thursday, after little debate, the House overwhelmingly passed a measure to tax at a rate of 90% not just the AIG bonuses in dispute, but the lion's share of bonuses paid...
And the remedies Congress is in a fever pitch to approve may well end up hurting the rescue efforts. The bonus bills, which would apply to virtually every major bank - including Citigroup, Bank of America, Wells Fargo, Goldman Sachs, Morgan Stanley and JP Morgan Chase, as well as AIG, Fannie...
Coordinate spending programs. Instead of playing the my-Keynesian-deficit-spending-plan-is-bigger-than-yours game, leaders should coordinate specific measures in order to get more bang for their bucks. It's counterproductive and potentially anticompetitive for some nations to rescue their auto industries, for example, while others don...