Word: stopped
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...Fifth Third was $1.1 billion short of the common equity it needed to be considered well funded. Earlier this week, the bank announced that it had raised $1 billion by selling new stock. But that left the bank $100 million short of its goal. So the bank couldn't stop there. Instead, it offered $365 million of the money it just raised to preferred shareholders in order to get them to convert their stock into common shares. Common shares counted as capital in the stress tests. Preferreds...
...stupidity of this initiative system, I called former California governor Gray Davis, who got voted out of office through a recall petition. "I'm not for scrapping the initiative process," Davis said, to my shock. "I believe voters generally make good decisions." Even a recall, it seems, can't stop a politician from kissing up to voters. Davis believes that the initiative system simply needs some tinkering and that voters need an attitude adjustment, which will come later this year when we lose our schools, jails and roads and full color on the state flag. "The great people of California...
...first attack on Islamabad since March 23, Pakistan National Day, when a suicide bomber struck the headquarters of the Special Branch - a special police investigative unit - killing a guard who tried to stop the attacker. Law enforcement authorities in the capital have been bracing themselves for militant attacks since the army launched a wide-ranging military operation in the Swat Valley and two neighboring districts in a bid to wipe out the Taliban. Manned entries to the city have been beefed up with increased numbers of policemen searching vehicles, while sentries at all checkpoints lying athwart main roads have been...
...aspirations. What can I tell him that the world has learned? I am not so sure. Mr. President, we have such high hopes for you because you, with your moral vision of history, will be able and compelled to change this world into a better place, where people will stop waging war - every war is absurd and meaningless; where people will stop hating one another; where people will hate the otherness of the other rather than respect it. But the world hasn't learned. When I was liberated in 1945, April 11, by the American army, somehow many...
...possibility that could mark the definitive victory of Berlusconi, who has made billions bringing private, sometimes low-brow television to Italy. Italians are growing increasingly immune to it all, resigned to the mingling of serious state affairs with an appetite for gossip. But still they - like us - can't stop watching...