Word: turnings
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...capital. After Paulson retired the new administration began testing the banks, knowing that, based on the criteria they had set, many of the firms would fail. The credit markets are harsh. The troubled banks would find it nearly impossible to raise capital from private equity sources. They would turn to the government. The government would convert its preferred shares to common shares to buttress the bank balance sheets. Suddenly, the taxpayers would own controlling interests in many of the largest financial firms in the world...
...with our [Case-Shiller] data is that prices are still falling, although at a somewhat lower rate. There is also some sign of pick-up in pending-home sales. But to me the dominant fact is that prices are still falling. We've never seen a real estate market turn on a dime. For the longer horizon, though, it's possible that we are picking up. The other thing that is striking is that home prices have come down a lot, so they're no longer very overpriced...
...Both government and opposition figures in Georgia have recently voiced concern that the U.S. has begun to turn away from the country after the Obama Administration sought to rebuild ties with Moscow, though NATO remains critical of Russia's role there. After an agreement was signed last week in Moscow formalizing the role of 500 Russian border guards in patrolling the borders of South Ossetia and Georgia's other breakaway republic of Abkhazia, NATO responded by calling the document a "clear contravention" of the cease-fire that ended the war between Russia and Georgia last August...
...current] bidders would have turned it into an exclusive space,” he said. “The best option is for us to sell the building to a group that would turn it into something exciting...
...reform package. "As we move along, there's going to be choices we have to make, decisions we have to make and instructions we have to give. There's no question about that," says Obama's chief political adviser, David Axelrod. "You can expect that, as we turn the corner on this debate and discussion, he'll be speaking publicly and enlisting the support of the American people. We don't expect an immaculate conception...