Word: rescuees
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If Barnz wants to put us through an experience of frustration and miscommunication, mirroring Phoebe's own, fine. But if that's what he's up to, he fails to maintain a coherence of tone within that narrative technique. At one point, Phoebe does something quite dramatic and dangerous. The...
All that news does not please the fiscally conservative and risk-averse Swiss. A $60 billion government rescue package for banks wasn't too welcome, either. Nor was UBS's announcement that it will pay out an estimated $1.77 billion in bonuses this year. As Zurich's daily newspaper, Tages...
Contrast China's economic rescue effort with the stimulus package recently signed into law by President Barack Obama. In the U.S., despite all the talk about shovel-ready construction projects, only about $100 billion of the $787 billion in stimulus spending will go toward new infrastructure this year. Another $282...
Troubled financial institutions that recruit heavily from Harvard may soon face restrictions on hiring international students if they accepted federal bailout funding. Under a recently passed amendment to the federal stimulus bill, companies participating in the Troubled Assets Relief Program—a government financial-rescue plan implemented last fall?...
Is a breakup of the European monetary union possible? I don't see that as being likely, but the probability of that eventually happening is rising. Right now, we are facing a situation in which many countries now have banking systems that are too big to fail and also too...