Word: safe
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...drop-off in sales last Christmas and have been suffering throughout the year. "Bankers used to come in droves with their wives," says the jeweler. "There were lots of Americans and French too. We just don't see them any more." "I always thought I'd chosen the safe option in retailing, catering to a super-rich clientele," says a Bond Street retailer, who also declines to be quoted by name. "But even our super-rich clients are cutting back. They're buying ready-made instead of bespoke or delaying big purchases altogether...
...what becomes of the trusts should Washington say no to a bailout? Assets already paid into the VEBA trust would probably be safe if GM filed for bankruptcy, says Diamond. But chances of getting the deferred $1.7 billion back in a bankruptcy court are virtually nil. It's also unlikely that the assets in the trust will last 80 years, since bankrupt automakers would be unlikely to make all the future trust contributions. "My guess is the trust would last 20 years," says Diamond. "It's a very difficult situation. Autoworkers were sold a pile of goods by the union...
...have "only one President at a time," Barack Obama said in his debut press conference as President-elect. Normally, that would be a safe assumption - but we're learning not to assume anything as the charcoal-dreary economic winter approaches. By mid-November, with the financial crisis growing worse by the day, it had become obvious that one President was no longer enough (at least not the President we had). So, in the days before Thanksgiving, Obama began to move - if not to take charge outright, then at least to preview what things will be like when he does take...
...left of Chertoff on immigration matters, having repeatedly criticized the building of a fence along the U.S.-Mexico border and having opposed state bills targeting illegal immigrants. Still, as governor of Arizona, she knows more about immigration than any other DHS fiefdom (and there are hundreds), so it's safe to assume that it will remain a top priority for the agency. And Napolitano is far from liberal on immigration: she was the first governor to call for the National Guard to protect the border at federal expense, and she has worked to penalize businesses that employ illegal immigrants...
...been prepared for the possibility that students might show up prepared to act as they would at a regular Girl Talk concert. It should have made these expectations—of drunken, unwieldy, and massive crowds—clear to HUPD, which could have worked to keep the concert safe without shutting it down entirely. HUPD, too, should have been more willing to respond flexibly to unexpected conditions and engage in active crowd control on the night of the show. Ultimately, these particular mistakes are a sign of the CEB’s inexperience in planning events of this nature...