Word: shorely
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Adam Levin, co-founder of consumer-information website Credit.com predicts credit-line cutbacks will accelerate as card companies try to shore up their finances before the new regulations take effect early next year. "Credit-card companies are on a reign of terror," he says. "The new rules aren't going to change that anytime soon." Adds McBride: "Consumers will have to brace themselves for higher fees, higher rates and lower lines going forward." And that applies to those with good credit scores as well...
...Senate Democrats to do one of the most difficult, or perhaps impossible, jobs in Washington: chairing a bipartisan panel tasked with scrutinizing how the Treasury Department - first George W. Bush's, now Barack Obama's - is spending the $700 billion in federal money intended in large part to shore up failing banks. The role has Warren monitoring the decisions of Treasury Secretary Timothy Geithner, Federal Reserve Chairman Ben Bernanke and the big-bank CEOs who have taken taxpayer money to clean up companies' balance sheets. If Warren's journey from Harvard to the center of the emergency financial-rescue effort...
...potentially lead to open hostilities. Pyongyang has repeatedly said that it views any forced inspections of its fleets to be an act of war, and an angry North Korea could fire on ships seeking to inspect one of its vessels, launching attacks from other ships in its navy, from shore batteries or from missiles. "While North Korea's most recent aggression has not yet led to violent outbreaks in the region, such clashes are a distinct possibility in the near future," warned a report issued on June 16 by the Center for a New American Security, a Washington think tank...
...terrorism, Iran is still keen to boost its long-standing friendship with New Delhi. A mooted gas pipeline, running from Iran's fields through Afghanistan and into Pakistan and India, is a massive project that appeals to all parties involved. Conversation in Yekaterinburg will surely include the need to shore up the region's economies - China has already promised a $10 billion soft loan to its SCO allies, including Russia, which has been hit particularly hard by the fallout of the world's financial crisis. Few will raise thornier questions of political reform. After all, Russian President Dmitri Medvedev...
Those differences, however, don't matter much to Midwestern surfers. Last December, Vince Deur, co-chair of the Surfrider Foundation's chapter here, took a group of friends to the southern shore of Lake Michigan. The air temperature was about 25 degrees. A winter storm covered much of the lake, sending fierce winds from the north to create waves nearly 2 ft. above Deur's head. "The waves," he recalls, "had some nice shape and power." "But look," he continues, "we know that in the world of great surfing, as far as quality goes, we're at the bottom...