Word: sells
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...central-bank aid doled out to Britain's lenders - both "have worked hard on their balance sheets," says Simon Maughan, a banking analyst at MF Global brokerage in London. Having tapped Middle East investors last year in an effort to bolster its capital base, Barclays agreed in June to sell the investment unit BGI to U.S. fund manager BlackRock for $13 billion. HSBC, for its part, pulled in close to $18 billion in a bumper-rights issue in April. The result: "Survival is no longer the issue" for these banks, says Maughan. "Growth can be once again...
...problem is already massive. When the value of a house is less than its mortgage, a homeowner can't sell and pay off his debt. If a house becomes unaffordable - because of job loss, say, or an adjusting mortgage interest rate - the homeowner is trapped. Underwater borrowers are more likely to default on their mortgages than those with positive equity. (See a chart showing metropolitan areas with the highest percentage of underwater borrowers...
...Chrysler may be on their last legs - but small, visionary startup companies like Aptera Motors, Fisker Automotive, Tesla Motors and Bright Automotive are starting to sell their cool, cutting-edge, battery-powered cars, and a decade from now any one of them might be the household name that epitomizes our 21st century industrial rebirth. (I just drove in an Aptera. It looks like an awesome Jetsons vehicle, plugs into the wall, drives like a dream, goes 100 miles on a charge, costs under $30,000 - and I want...
...Ronald Reagan's 1981 surprise party, by contrast, featured veal, lobster, dancing - and a dozen cakes. Two years later, at the end of a televised press conference, his wife Nancy Reagan produced a small, one-candle cake for the President and another for reporters. "You understand we won't sell out for a piece of cake," quipped Sam Donaldson, then at ABC. "Oh, you've sold out for less than that," replied the President. (See TIME's politics blog...
...basis of that kit is the Leaf itself, which is expected to go on sale in the U.S., Europe and Japan late next year. Nissan will sell the car for the price of a comparably sized gasoline-powered car, and company officials say it will be cheaper to run. The Leaf's maximum speed is more than 90 m.p.h. (145 km/h) and its range is 100 miles (160 km) on a full charge. A 30-minute quick charge reaches 80% capacity. And with its lithium-ion battery placed under the vehicle floor, the Leaf has room for five people. While...