Word: sinkings
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Dates: during 2000-2009
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When will the red ink at Freddie stop? It's hard to say. In its most recent annual report, the company said that if it had to mark all its assets to the price similar bonds are trading for in the market, the company's net worth would sink by an additional $65 billion. But Freddie's bottom-line woes may run even deeper. Freddie has $38 billion in losses it has yet to acknowledge in its investment portfolio. The firm also has $48 billion in nonperforming loans that it either holds or has guaranteed against. In a painful stroke...
...sometimes dubbed 'Franconia's Obama' doesn't seem daunted by his new job, even as Germans sink into a period of national soul-searching. "Let's not kid ourselves, we're in the middle of a tough crisis, but we've now got a very good stimulus plan," Zu Guttenberg told Germany's Bild newspaper recently. "We expect the economy will pick up this autumn, at the very latest." The next few days will decide whether Opel will be part of that resurgence...
...three House committees - Ways & Means, Energy & Commerce and Education & Labor - sent a letter to President Obama on Wednesday announcing their intention to work together to draft legislation. The cooperation among committees in both chambers is a break from the 1994 attempt at health-care reform, when committee infighting helped sink that effort. Both chambers have said they intend to see legislation reach the floor before the August recess, though many admit the tougher part will come when the differences between the two versions must be reconciled. "The House bill will be the high-water mark of what we'd like...
...touted science complex in Allston. These cuts raise concerns about the possible implementation of the committee’s grand yet vague proposals.“When reports come out and call for very complicated and ambitious changes, there’s an extremely strong temptation to let things sink to the bottom of the ocean,” says Stephen J. Greenblatt, the English professor who chairs the Task Force.University President Drew G. Faust is not likely to succumb to that temptation, however. Lining the once bland, white walls of Massachusetts Hall, home to many of the University?...
...dozen visitors. The bedroom has yet another giant screen that swings out from the wall - very important if you are going to watch a game from the whirlpool tub in the bathroom, where, once again, neutrals predominate. There's a large walk-in shower and a thoughtfully designed twin-sink vanity that can lodge every health and beauty product that any self-respecting woman would haul to Las Vegas. (See the five best places to travel in a recession...