Word: chief
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...banks flatly dismiss the notion that the central bank will need to bail out the system. "That's just unthinkable," says Ásgeir Jónsson, chief economist at Kaupthing, Iceland's largest bank. Following the 2006 crisis, banks greatly strengthened their liquidity positions and shifted their liabilities further into the future: on average, newly issued bonds now mature in 2010 or after, rather than within a year. Although Iceland's major banks had hoped to grow quite quickly this year, they will use their liquidity conservatively as a buffer instead. Meanwhile, to their relief, Iceland's banks have negligible...
...even men in beards and hats are capable of evil. The rabbi's candid sermon has stirred debate among the shuttered Haredim. One stunned participant told reporters that "not since Moses" had a rabbi spoken publicly on such forbidden sexual topics. The spate of abuse cases prompted Israel's chief Ashkenazi rabbi, Yona Metzger, to call on his fellow religious leaders "to vomit these parents and rabbis out of the camp and do everything in our power to save the souls of these young children...
...someone whose chief job was spinning the press, McClellan seems surprisingly troubled by the way that politics dominates everyday governance. He claims to be especially concerned by the prevalence and toxicity of the "permanent campaign," where politics trumps policy on every issue. The architect of this was, of course, Karl Rove, whom McClellan praises in a variety off backhanded ways. "Karl Rove is not the problem," he writes. "Karl Rove did not create the excesses of the permanent campaign. Rather, the excesses of the permanent campaign created Karl Rove...
Much of his venom is saved for those involved in the Valerie Plame affair. He accuses Rove and I. Lewis "Scooter" Libby, Cheney's chief of staff, of misleading him about their role in the scandal, which caused him to effectively lie to the press. When the truth comes out, he receives a whipping at the hands of the White House reporters. "I could feel something fall out of me into the abyss as each reporter took a turn whacking me," he writes. "It was my reputation crumbling away, bit by bit. And my affection for the job eventually followed...
...doing the speculating clearly don't understand the way the Senate works. Not only is majority leader actually a tedious, behind-the-scenes managerial position, but the current holder of that position, Harry Reid of Nevada, is a lot more popular in his party than outsiders realize, and his chief deputies, Dick Durbin and Charles Schumer, have their own ambitions. Senators want a leader they can call at any hour with complaints - in other words they want a referee, not a superstar. "The Senate needs to work on an hourly basis, a lot of labor-intensive work...