Word: upshot
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...more than $2 trillion. Congress was faced with the threat of the Government going bankrupt in a matter of days unless the debt limit was increased. Failing once again to reach a compromise on Gramm-Rudman, the legislators granted the Government a one-month extension on its borrowing power. Upshot: by Dec. 12, Congress and the President will find themselves confronted with yet another deadline for U.S. financial default...
...that presidential-looking red phone in your common room, and your monthly statement for the annoying plastic box you carry around in your pocket that plays Beethoven’s Ninth at inopportune moments in class likely goes to your parents and rarely tops 40 or 50 dollars. The upshot of all this is that you can IM your blockmate in the next room (“Dinner?” “sure.”) or your lab partner in the Quad at liberty, and call Grandpa Max in Wichita (provided it’s a weekend...
Because, it turns out, EZ-Pass statements count as third party records, in much the same category as electricity or natural gas bills. The upshot of this is that each of these, in the eyes of the law, can be easily obtained through a subpoena process, circumventing altogether the sticky rules that have developed around the acquisition of a fourth-amendment search warrant or a wiretap. The specific procedural guidelines for acquiring a subpoena are quite complicated, and can be laid out in each instance by legislation, but in practice the rule tends...
...them. In a complex transaction, UBS exchanged j290 million of the rest for credit-linked notes issued by a Portuguese bank in the Cayman Islands, which were then transferred to Parmalat. The notes came with a tough default clause that was triggered when Parmalat went bankrupt in December. The upshot: the j290 million went back to UBS. The banks don't dispute these transactions. The question is: Did the banks demand the unusually aggressive deals because they knew how perilous the company's financial situation was? And if so, could those deals be construed as contributing to Parmalat's downfall...
...difference could be summed up by a look at the parties we threw. For them, Pabst Blue Ribbon, for us, Tanqueray; for them, Beirut, for us, bartender; for them, summer interns and friends of friends, for us, college buddies. The upshot was a slightly faster and looser summer than we had anticipated. There was the iPod that was stolen and the wallet that mysteriously vanished. There was the guy who made his way freely into upstairs bedrooms at 3 a.m. on a weeknight, and after being turned away, proceeded to vomit on our couch. And simply best of all, there...