Word: versions
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...fact, the SEC proposed a version of that in July. The agency suggested changing a number of its ratings-based regulations since the use of the NRSRO designation "may have encouraged investors to place undue reliance on the credit ratings issued by these entities." One example: money market mutual funds, which are currently only allowed to hold high-grade paper. High-grade - as defined by the ratings agencies. In comments responding to the proposed rule change, sellers of money market funds balked at the idea of not being able to use the ratings agencies' opinions...
There was a lot at stake. When Geithner rolled out an initial version of the plan Feb. 10, the details were missing, the stock market tanked and his image went with it. To give his plan a chance this time, Geithner had to show private investors they could make money partnering with the government to buy troubled loans, and the complex securities based on them, from the banks. (Read "Plan to Buy Toxic Bank Assets Delayed Again...
...aftermath of apartheid was designed to encourage a national catharsis of a shameful past. Most agree that the effort was worthwhile. Some would say there can be no forgiveness without repentance. The Bush-Cheney Administration was arrogant to the very end. Perhaps it is time to establish our own version of a Truth and Reconciliation Commission so that we can truly move on. G. Patrick Thompson, Roseville, Mich...
What makes GM think this version will be another stud? "The design is very contemporary," says Ed Welburn, GM's chief designer. Welburn says he specifically instructed GM's stylists to retain the spirit of the old Camaro from the 1960s but not to try to replicate it. Work on the Camaro started in earnest in 2006 after GM had launched a major restructuring of its operations around the world. Consequently, Gene Stefanyshyn, the GM executive in charge of the project, moved to Australia to oversee the re-engineering of a rear-wheel-drive chassis that its Holden auto subsidiary...
...Somalia, Ethiopia withdrew. Instead of creating a vacuum for the Shabaab to fill, as many feared, Menkhaus says Ethiopia's withdrawal allowed Somalis to turn their attention to their own internal enemies. "The Shabaab have been pushed back by Somali communities," he said. "Somalis do not want their version of government...