Word: two-year
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...recent bank stress test, examiners predicted that commercial real estate loan losses for the 19 largest banks in the nation would be far less than the value of home loans that go unpaid in the next two years - $53 billion vs. $185 billion. But Warren said she thought the two-year horizon of the government stress test may have understated the size of the banks' commercial real estate problem. The government assumed different default rates for each of the 19 banks for commercial real estate and other types of loans. Warren said the government had not given much information...
...former Prime Minister Thaksin Shinawatra that includes businesspeople, Bangkok's urban middle class and royalists. Thaksin was ousted in a military coup in September 2006 after months of streets protests by the PAD, and subsequently convicted of conflict of interest. He fled the country rather than serve a two-year prison sentence. A proxy party supported by Thaksin that came to power in 2008 was dissolved by the Constitutional Court for electoral fraud after months of PAD protests that included occupying Bangkok's international airport and the prime minister's offices. (Read a TIME Q&A with Thaksin Shinawatra...
...connected to the Net. AT&T recently announced a pilot project in Atlanta and Philadelphia that lets netbook users log on anywhere they can get a 3G cellular signal, which will greatly expand coverage beyond the usual islands of wi-fi. In exchange for commitment to a two-year data-service plan, AT&T is subsidizing a range of mini-laptops, which start as low as $49.99. The data plan costs from $40 per month (for 200 MB, which is good for business users), to $60 per month (for 5 GB, enough to move around music and video...
...Nothing went wrong and there was nothing specific," Gates said of asking General David McKiernan, the outgoing commander, to step down just 11 months into a two-year post. "The focus here is simply on getting fresh thinking, fresh eyes on the problem." But McChrystal's role in the friendly-fire death of former NFL star Pat Tillman - as well as prisoner abuses allegedly committed on his watch at Baghdad's Camp Nama - mean his Senate confirmation might not go as smoothly (or swiftly) as Gates hopes. (Read Joe Klein's take on McKiernan's Afghan exit...
...Singled out in a March 2007 report by the Pentagon inspector general for his role in the death of ex-NFL star and U.S. soldier Pat Tillman. Though the two-year investigation cleared McChrystal of any official wrongdoing, it faulted him for failing to immediately notify Tillman's family of the military's suspicions that Tillman's death was the result of friendly fire...