Word: sounder
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...star analyst who is now with Japan's Nomura (which took over bankrupt Lehman's Asian operations), recently compared bank balance sheets in various countries and discovered significant differences. One telling disparity is leverage. The higher the leverage, the greater the risk, and despite efforts to put them on sounder financial footing, U.S. and European banks remain overstretched by historical standards and relative to their peers. (See the top 10 bankruptcies...
...technique that she invented a dozen years ago and for which she has successfully proselytized ever since. To 10-10-10 a decision means to analyze the issue from the perspective of 10 minutes hence, 10 months and 10 years. "The process invariably led me to faster, cleaner and sounder decisions," she writes. You can apply her technique to decisions as life-altering as whether to leave your job or as mundane as whether to attend a child's soccer game or stay at work...
When the American electorate feels the pain of double-digit inflation and higher interest rates and taxes because of the enormous debt racked up by Obama and the Democrats, the pendulum of public opinion will swing back to sounder principles and the Republican Party. Let's hope it will not be too late and the Republicans won't screw it up again next time they're in power. Bob Routsong, ST. GEORGE, UTAH...
...China has faced health care problems for years, but the economic crisis has increased the need for reforms. The lack of an adequate safety net forces Chinese to bank huge sums to cover treatment costs. By building a sounder health care system - with more hospitals and clinics and broader medical coverage - Beijing hopes it can convince consumers to spend more of their savings and boost economic growth...
...think you can be successful? Sometimes it's a crisis that forces change. The world that emerges out of this crisis won't be the same. The banking system will be based on sounder principles. Countries will be more willing to cooperate not just on the environment but on other issues. I believe people looking to the future - and I'm looking to the future all the time - will see that our economies can be built as low-carbon economies, highly skilled economies. There's a huge opportunity over the next 10 or 20 years...