Word: similarly
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...would not be at all unusual for a similar system to spread to the U.S. as the $350 billion left in the TARP becomes available to the new Treasury Secretary...
...government's insurance scheme will play a key role in efforts to prevent that. Under the plan, scheduled to run for at least five years, banks will pay a fee to the government for taking out a policy. Lenders will also shoulder a "first loss" amount - similar to the excess on an auto insurance policy - as well as roughly 10% of the remaining losses. In return for picking up the rest, the government will require banks to sign agreements binding them to increased rates of lending. Just how much risk that exposes the U.K. government to is unclear; the level...
Reports trickling out in recent weeks from various countries lining the Andaman Sea have related portions of this ordeal as well as other, similar incidents involving the same ethnic group. But the tale of one survivor has emerged that, if accurate, paints a picture of a dehumanizing odyssey, portraying the actions of surrounding governments in horrific tones. The man's name is Muzaffar, and his testimony was obtained over cell phone from his place of temporary detention in India by the Arakan Project, a Bangkok-based group advocating the rights of these boat people. Muzaffar's account appears to amplify...
...emergency lending window. It has lowered interest rates to zero. Treasury has put $25 billion into each of the money center banks. It is now backing over $300 billion in bad assets held by Citigroup (C) through a loss-sharing agreement. Bank of America (BAC) is getting a similar deal. The programs to back bad assets is almost certainly going to spread. (See pictures of TIME's Wall Street covers...
...like. They also have different ditching checklists depending on whether they are above or below 10,000 feet - Flight 1549 was at about 3,000 feet, leaving Sullenberger and Skiles a shorter checklist. But experts also note that a controlled landing on water can be more dangerous than a similar emergency landing on land. In a water landing, an aircraft's aluminum skin can bend and dent on impact, providing less protection for passengers. Crashing on a runway often crushes a plane's belly and undercarriage, which absorbs some of the blow. On the other hand, some emergency water landings...