Word: short
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Dates: during 2000-2009
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...stress tests suggest since macroeconomic conditions are bound to be worse than the consensus anticipates, making the adverse scenario of the stress tests look mild. At this point in time, banks are still facing well over $1 trillion in losses over the next couple of years, even if low short-term interest rates make new loans very profitable. Moreover, according to RGE Monitor, real U.S. GDP growth will inch back into positive rates only toward the end of 2009 rather than at the beginning of the second half the year. That spells ongoing problems among borrowers...
...Analysts say the deal seems to fall short of a full merger. It appears that Porsche's car-making unit will not be sold to VW, but will retain some independence. And the rights issue will be dilutive to earnings because profit will be distributed among a larger number of shares. The uncertainty about the structure of the deal was fueled by comments from Bernd Osterloh, head of VW's works council, who said the two companies may not merge at all. (See pictures...
...conservative New York district, then Senator Arlen Specter. Polls suggest that only one-fourth of the electorate considers itself Republican, that independents are trending Democratic and that as few as five states have solid Republican pluralities. And the electorate is getting less white, less rural, less Christian - in short, less demographically Republican. GOP officials who completely controlled Washington three years ago are vowing to "regain our status as a national party" and creating woe-is-us groups to resuscitate their brand, while Democrats are publishing books like The Strange Death of Republican America and 40 More Years: How the Democrats...
...install an administration of technocrats. There's no sign of this happening yet, but it remains the only plausible alternative to either Zardari or Sharif. And, of course, the military has not exactly been gung-ho about taking the fight to the militants on its own turf. In short, there simply is no leadership in Pakistan willing or able to do much of what Washington would like a Pakistani leadership to do. Washington has no alternative but to back one or other of the flawed options, because the alternative could prove even more disastrous to U.S. interests...
...progress with the Palestinians, because the Israelis claim that Hamas is nothing more than an Iranian proxy. And while the Obama Administration has begun unfurling a strategy of engagement aimed at addressing the nuclear question and other points of tension with Iran, Netanyahu has warned that time is short and that Israel will act militarily if U.S. diplomacy fails to halt uranium enrichment in Iran. (The Pentagon fears that military action will be ineffective in stopping Iran from pursuing nuclear weapons, and would trigger an even more dangerous regional war.) While Netanyahu - like Maliki, Karzai and Zardari - will likely utter...