Word: tack
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...business and why we have it," says vice president and treasurer Helen Shan. "It becomes strategic, instead of simply, Do we get insurance to cover a potential loss?" In a speech at an industry conference in October, Federal Reserve governor Randall Kroszner urged financial firms to take a similar tack. Weighing risks, as well as potential returns, he said, "should be part of the calculus for all decision-making," and "assessing potential returns without fully assessing the corresponding risks to the organization is incomplete, and potentially hazardous, strategic analysis...
...Ahmed Moosa, a prominent opposition figure who said he fled to London after receiving death threats from elements within Gayoom's government. "Now we were able to expose the regime for the crimes it had committed." International pressure and defections from his own cadres slowly forced Gayoom to change tack and speak of democratic reform. Ibrahim Hussein Zaki served for ten years as a minister in Gayoom's cabinet, but quit to help found the rebel Maldivian Democratic Party (MDP) in November 2003 alongside Nasheed. "I realized that change could never come from within. This was a family regime...
...spend too much. He would "concede defeat in Iraq." And then, in a perfect valedictory to his career, McCain said, "I'm an American. And I choose to fight." It is impossible to say what McCain's fate would have been if he had taken this tough but traditional tack and also chosen Senator Joe Lieberman, the Vice President he really wanted, as former George W. Bush strategist Matthew Dowd suggested he should have done. No doubt, given the political tides, Obama would still be ahead, but McCain would seem a more plausible alternative and still have his honor intact...
...feeling pretty good about it all, especially French President Nicolas Sarkozy, who got the various governments to agree on a coordinated plan after two weeks of nasty bickering. Built into the European bailout is a subtle but unmistakable anti-American touch. For the Europeans are taking a very different tack from the U.S. in mounting their bailout, and quite deliberately so: they think U.S. Treasury Secretary Hank Paulson badly messed up his bailout...
...billion bailout plan was badly misdirected because it didn't set out to recapitalize the banks in a swift and clear fashion, but rather aimed to buy up the portfolios of toxic assets, which would be far more complicated and time-consuming. Paulson himself is now changing tack and looking to inject money directly into U.S. banks, too, which of course makes the Europeans feel even better about their plan...