Word: smithing
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...line between a water landing and a water crash. In a 2002 article, an expert quoted in The Economist noted that "no large airliner has ever made an emergency landing on water" and went on to dismiss onboard flotation devices as useless, considering the high likelihood of fatalities. Patrick Smith, an airline pilot and author of Salon.com's "Ask the Pilot" column, later rebutted those claims, noting that a number of jets have landed on water and managed to bring some or all of their passengers to safety. "Any ditching is very dangerous, with the possibility of the airplane cartwheeling...
...rehabilitation and restructuring of Citigroup (C) was supposed to take months, or maybe a year. The big bank got a cash infusion when it sold a part of Smith Barney to Morgan Stanley. The plan for the creation of a new Citi was based on its ability to limit its losses so that it could buy time to unload other parts of its family of financial companies...
...assistance. Meanwhile, Citigroup is trying to stay one step ahead of the sharks, er, shorts, who have taken the stock down more than 20% in the past two days. Though Citi is moving aggressively to hive off assets and divisions - earlier this week it announced the merger of its Smith Barney brokerage unit with Morgan Stanley's Global Wealth Management division, a deal that will bring Citi more than $2 billion - investors are worried about worsening loan losses across the banking sector and also about Citi's ability to get decent prices on any other asset sales. Even JPMorgan Chase...
...historian and biographer who has headed five presidential libraries, Smith is now a scholar-in-residence at George Mason University...
Everything he did that March 4 conveyed confidence and a break from what he called foolish tradition. Following a hot-dog lunch at the White House, the new President, in holiday mood, beamed indiscriminately as Al Smith, cowboy star Tom Mix and six miles of jubilant Democrats paraded past his reviewing stand. Just a day after a decidedly unpleasant Red Room tea with the Hoovers, Roosevelt returned to the same room to greet 13 children on crutches, emissaries of hope from Warm Springs, Ga. Declaring, "It is my intention to inaugurate precedents like this from time to time," he looked...