Word: watchfulness
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...housing market. But businesses are in better shape, and the financial crisis seems to be fading from view, even as small business lender CIT struggles to survive another day. (Stock futures turned negative after the market close on news that CIT was not likely to get a government rescue.) (Watch TIME's video of Peter Schiff trash-talking the markets...
...Indeed, analysts who follow a number of different industries rushed out reports about how CIT would affect the companies they watch. The biggest areas of concern were for the insurers that hold a large amount of CIT debt and retailers, which rely heavily on the type of short-term lending that CIT provides. The consensus was that CIT's failure alone was not likely to bring down any other firm...
...itself is not a material issue for any of the large publicly traded life-insurance companies," says analyst Jeffrey Schuman, who follows that sector at investment bank Keefe Bruyette & Woods. "But these guys have taken a lot of hits, so we continue to watch their investment portfolios...
...Watch TIME's video "Sonia Sotomayor: Bronx (and Baseball) Role Model...
...reports on brochures distributed by the military rabbinate warning that "exercising mercy towards a cruel enemy means being cruel towards innocent and honest soldiers," allegedly helped create an atmosphere in which there was insufficient concern for Palestinian civilians, say some of the soldiers who spoke to Breaking the Silence. (Watch TIME's video "Protesting Gaza, Carefully, in the West Bank...