Word: steps
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...rock genre. "For me it's always good to put yourself outside your comfort zone," says Sting. "As an artist, it's vital to have that kind of experience to grow, otherwise you're trapped in a box. Being in the box is never really interesting - I like to step outside of it, even at the risk of personal failure." The French critics may not agree, but with its easy juxtaposition of styles and obstinately hopeful narrative, Welcome to the Voice does make for a decidedly modern opera. And judging from the packed houses and endless ovations during its five...
...into Citigroup and shouldering up to tens of billions of dollars in losses tied to the bank's soured assets. After a brutal week for Citi - marked by pink slips for tens of thousands of workers and a 60% drop in its stock price - news that the government would step in propelled its shares, which rose 58% from Friday's close. "Equity investors were panicked about the company's viability," says David Trone, who follows Citi at the investment bank Fox-Pitt Kelton. "This takes away the remote possibility that the company could find itself in bankruptcy...
...will back a $306 billion pool of troubled loans and securities largely related to the foundering residential and commercial real estate markets. After Citi absorbs the first $29 billion in losses on these securities, the government - first the Treasury Department and then the Federal Deposit Insurance Corporation (FDIC) - will step in and bear 90% of any further losses. In return, the government gets up to $7 billion in preferred Citi stock and the right to buy more shares at $10.61 - not a bargain these days, with Citi trading in the single digits, but perhaps worth more down the road...
...Citi's bonds skyrocketed, signaling a lack of confidence in the bank's ability to survive. Bankruptcy rumors circulated, and fears grew that people doing business with Citi - including its retail banking customers - would pull their money. At that point, regulators felt they had no other option but to step...
...Responsibility to Protect [or R2P, a concept of humanitarian intervention] was only adopted by the U.N. in 2005. How much is MONUC feeling its way here? Is MONUC an experiment? R2P is a huge step forward ... But the question remains: How do we actually do it? We have come up against the sharp end of R2P. We can claim that responsibility, but actually doing that in North Kivu, with a collapsing army, a resurgence of ethnic groups - well, that raises fundamental questions. When we make these statements, we have to be careful that we have the means to match...