Word: willingness
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A year ago today, the venerable investment-banking firm Lehman Brothers filed for bankruptcy protection after the Federal Reserve and the Treasury Department pointedly refused to bail the company out, and no other Wall Street outfit was willing to step into the breach. It was the largest bankruptcy ever in...
You’ve got the look down, that song stuck in your head, and after six rounds of Quarters, you have a good buzz going. Now where to? FM’s here with the best of the best in three categories: final clubs, house common spaces, and party...
The most plausible explanation for this happy outcome is that Japan was willing to recycle into Treasuries the dollars it earned selling us cars, TVs and stereos. That demand for U.S. debt kept interest rates low. By the early 1990s, though, the national debt - the accumulated product of those years...
But even if comity rules, there are plenty of hurdles preventing Shelby, Dodd and the Treasury from coming together on a consensus bill. Dodd, facing a tough re-election battle in Connecticut, needs to please his base with a left-leaning bill, while staffers say Shelby has issues with the...
Not even another 9/11-scale terrorist attack would succeed in launching al-Qaeda's revolution. The years since 9/11 have seen events in Gaza, Iraq, Lebanon and Afghanistan escalating Muslim hostility toward Israel, the U.S. and those Arab regimes deemed too willing to do Washington's bidding. But even so, al...