Word: term
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They don't. "It's a disgrace," says Favre, a retired teacher who is planning to withdraw her investments from UBS when they come to term this summer. "We always believed our country and institutions were superior to anyone else's because they were honest and transparent. But this makes me think we are really no different and no better, so it's time we got off our high horse...
Ford proposed a complex plan to retire nearly 40% of its long-term obligations. The company wants to restructure its debt through a combination of a conversion offer by Ford and cash tender offers by Ford Credit. The car company will attempt to get holders of $4.88 billion in convertible notes due in 2036 to move their holdings into the common stock of the company. The debt carries an interest rate of 4.25%. At the same time, Ford Credit will begin a $1.3 billion cash tender offer to purchase certain series of Ford's outstanding unsecured, nonconvertible debt...
...Better Life Whatever the explanation, the philosophy has done the President well. Two years into his second and final term, Lula has an 80% approval rating. This suggests that despite the recession, most Brazilians still feel they're winning. "It was very difficult to change social class in Brazil 10 years ago, or even four years ago," says Luis Minori of the market-research firm Ipsos. "Now people have access to microcredit and computers and other means of social mobility." In that sense Brazil has outperformed even China and India, Neri claims, because "poverty is falling [in those places...
...better shot at making ends meet than at influencing the Middle Class Task Force. That's because no member of the Middle Class Task Force is actually middle class. While defining America's most beloved demographic group has never been an exact science, most academics agree that the term refers to anyone earning between $30,000 and $100,000 a year. (Median household income in the U.S. hovers around $50,000.) Every member of the President's task force - from Biden ($227,000) to Council of Economic Advisors Chairwoman Christina Romer ($172,000) to Energy Secretary Steven...
...During Bush's second term, Clinton's predecessor at the State Department, Condoleezza Rice, clocked more than 20 visits to Israel, slogging between Jerusalem and Ramallah, the seat of the Palestinian Authority, with little to show for her efforts. That same fate may await Clinton. Her only hope is to convince Israelis that Palestinian President Mahmoud Abbas, who is moderate but weak, can never sell peace to his people unless Israel, as a first step, removes some Jewish settlements and army checkpoints from inside the Palestinian territories. (See pictures of Ramallah under siege...