Word: letting
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...bank CEO was on CNBC talking about how many loans his institution was making to small businesses and people who wanted to buy cars or houses. As the story of Chari, his surprise realization, and the academic dialogue that followed make clear, understanding what is happening in the economy - let alone how to fix it - is an incredibly difficult task, even for people who have built their entire careers around doing just that...
...back-and-forth can feel esoteric, but, in fact, it goes to the heart of solving the problem. "If losing firms are sucking up all the credit, then isn't the [correct] policy response to let banks cancel lines of credit?" asks Octavio Marenzi, CEO of the banking consultancy Celent, who joined the debate in December with his own paper, called "Flawed Assumptions about the Credit Crisis." After going through a reckoning of the aggregate data - including the fact that consumer credit hit a record high in September 2008 - Marenzi put forth a couple of possible explanations, including "that policymakers...
...Director Adam Shankman, who had slummed in Disney comedies about exasperated adults and the sassy kids in their care (The Pacifier, Cheaper by the Dozen 2), brought movie zazz to a pair of composer Marc Shaiman's tuneful parodies: Hairspray and this month's vidcast Prop 8: The Musical. Let's hear it for the prodigal sons...
...unlicensed Madoff generals must have had their orders: Mum's the word. Let the investors think what they want about who's placing the buy-and-sell orders. As far as the investors knew, the generals were the geniuses doing the sophisticated, proprietary trading stuff that brought such marvelous returns over the last 40 years. And, in our case, the accounting firm of Halpern & Mantovani, CPA, in Encino, Calif., Chais' chief bean counter, pumped out the quarterly statements as if it were all rock solid...
...public eye and months and months of sitting down quietly listening to the same guy talking while wearing your good clothes. It's like 11 straight months of being in church when you're the preacher's kid - with long car rides in between. It's torture on adults, let alone children. But it's worse for boys. Try this experiment: next month ask your son to be on his best behavior in front of other people, from now until November...