Word: wesseling
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First Cash Financial recently raised earnings guidance for fiscal 2009 and 2010 to reflect higher than expected revenue from the company's pawnshop operations in the U.S. and Mexico. "Our fourth-quarter pawn revenues significantly exceeded our expectations," said Rick Wessel, the company's chief executive, in a statement. The revised projections imply earnings growth of 20% to 26% for the fourth quarter, up to 14% for fiscal 2009 and as much as 16% in fiscal 2010. (See the worst business deals...
...Lehman Brothers, AIG and WaMu, before Bernanke called upon decades of historical study to start dispensing money to banks and then quasi-banks and then companies that weren't banks at all. In his insider account In Fed We Trust: Ben Bernanke's War on the Great Panic, David Wessel details how Bernanke essentially turned himself into a fourth branch of government, exploiting a loophole in a 1932 law that gave the Fed wide latitude in "unusual and exigent circumstances" to become a virtual economic commander in chief, dropping several trillion dollars into the nation's credit jet stream without...
...will commit the party to the grand coalition more than before," says Gerd Langguth, a political scientist at Rhenish Friedrich Wilhelm University in Bonn. Stoiber's exit, meanwhile, removes a powerful potential rival from Merkel's Cabinet. So predictions of the grand coalition's demise are premature, says Bernhard Wessel, a political scientist at Berlin's Free University. He calls Müntefering's departure a "beneficial shock" that will resolve tensions between the party's old guard and its younger, more radical members. "The chances for a successful coalition have increased," he says. As for Merkel, she "will face...
...combat the precedent, Wessel says Summers even started writing thank-you notes at the Treasury, praising staff for doing a good job and complimenting reporters for publishing fair, if not always favorable, stories...
...aware of his tendencies to slight people, and he was trying really hard to compensate for them,” Wessel says...