Word: savingly
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...overall global slowdown. That could lead to problems at home, including rising nonperforming loans. "Asian banking systems might have dodged the turmoil from the U.S. subprime crisis but they are not immune to economic slowdowns," Standard & Poor's concluded. In these turbulent times, avoiding one bullet doesn't necessarily save you from others...
...board boasts a black majority; all but one of its executives are black and a recent $3 billion share release was confined to "employees, black South Africans and other previously disadvantaged groups." Racist? Democratic? Whatever. So long as Sasol continues to be well run and responsibly developed, and helps save South Africa from becoming another Zimbabwe-like wreck, I force myself to accept that "black domination" has replaced "white supremacy." And I envy Americans their choices. Politics is important: it's up to voters. Wendy Toerien, CAPE TOWN, SOUTH AFRICA...
...Uncle Sam Steps Back In The market lost faith in AIG too, but the government was forced to save it. A major reason is that AIG is one of the creators of the aforementioned credit-default swaps. What are those, you ask? They're pixie-dust securities that supposedly offer insurance against a company defaulting on its obligations. If you buy $10 million of GM bonds, for instance, you might hedge your bet by buying a $10 million CDS from AIG. In return for that premium - which changes day to day - AIG agrees to give you $10 million should...
...then, Pelosi realized she was on the wrong side. She had previously told one interviewer that she wouldn't budge on drilling because she was "trying to save the planet." But a senior aide says that when Barack Obama came out in favor of a pro-drilling compromise emerging in the Senate just before the August recess, "she realized she was going to have to support...
...underscores the insurance giant's global reach - and the global consequences of an unfolding failure of confidence by its far-flung customers. That reach was one of the key reasons why the U.S. government appeared to reluctantly agree to an AIG bailout on September 16 and stepped in to save the insurance giant, whose global balance sheet of assets and liabilities topped $1 trillion. "Its collapse would be as close to an extinction-level event as the financial markets have seen since the Great Depression," money manager Michael Lewitt wrote in the New York Times...