Word: cushions
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...Capital cushion: Thanks to the Troubled Asset Relief Program (TARP), Citigroup now has $151 billion in equity, up from $113 billion a year ago. Alas, it will have a $76 billion hit from bad loans. Along with a projected bottom-line loss of $3.5 billion, that drops the bank's capital to $70.5 billion...
...Capital cushion: JPMorgan has $23 billion in its rainy-day fund for such losses. Not enough. Shareholders' equity will drop to $121 billion, from the current $167 billion...
...Capital cushion: BofA has put away $23 billion to cover future losses, and it has more equity - $177 billion - than JPMorgan or Citigroup. But that might not be enough to preserve it without government help...
Even in the face of unprecedented challenges, NASCAR has plenty of horsepower. The sport is three years into an eight-year, $4.5 billion television deal with Fox, ESPN/ABC and TNT. The steady TV revenue can help cushion sponsorship losses. NASCAR is still the second highest rated regular-season sport on television. Plus, the sport has even signed up some new partners, like Ask.com and O'Reilly Auto Parts. Companies such as Mars Inc. and DuPont renewed their deals. And still others want to get into the game. During the recent NASCAR media tour, France noted that 15 new teams...
...rushing the term-limits question to the polls again before the drop in oil prices hammers the economy and shrinks his checkbook. Inflation is more than 30%, and the country faces shortages of staples such as milk. Chávez insists his government has stored away reserves to cushion the looming pain and recently pledged that "even if the price of oil drops to zero," the social largesse will keep flowing...