Word: sterned
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...principal amount of bonds. The offer covers $27.5 billion of bonds, and based on the recent price of GM stock would result in bondholders receiving less than 40% of a bond's original face value. GM's chief executive Fritz Henderson described the terms of the offer as "stern." For the swap to take place 90% of the bondholders must accept the offer. If that percentage is not met, GM will file bankruptcy. Many Wall Streeters believe the prospects for such a major swap of GM stock for debt are dubious since bondholders expect to fare better in bankruptcy. Some...
...Hummers filled with stern-faced soldiers and .50 caliber machine guns is not the post-card image tourists seek, nor a perception easily changed -unless of course you live in Rosarito. "The military has really made a huge difference," said Kanoa Biondolillo, co-owner of Baja123 real estate. "There's been a huge drop in local extortion, you don't have to bribe the police anymore if they stop you. I've never felt safer...
...Washington Haste Makes Waste In an April 21 report to Congress, the special inspector general overseeing the government's $700 billion financial bailout offered some grim news and a stern warning. Neil Barofsky said he had begun "almost 20 preliminary and full criminal investigations" into allegations of fraudulent use of bailout funds. He urged the government to revamp the bailout rules so it can better track spending. According to Barofsky, the bailout's Public-Private Investment Partnership program, in particular, is "inherently vulnerable to fraud, waste and abuse...
...want. An individual piece of chicken fried just for me with buns nearby? Alpine Strawberry or Antediluvian Chocolate? Nice. It seems like I can sit with anyone and just introduce myself. Four years of friendly classmates? I’ll take seconds! I can just casually bring up that stern lady who swiped us all in. We all have that in common! Easy introduction. It seems like all of the African-American students are at one table. This wasn’t in the folder! This wasn’t in the folder! How can I complete my group...
...That’s right. “Jacques Le Fataliste” is so interesting. This is the first kind of adult novel I’d ever read. I thought “Gee.” I wanted to read more stuff like this. And Stern talks a lot about his favorite authors, and if he had said his favorite authors were... Chaucer, I probably would have become an English major.... I think restlessness is also part of why I’m a comparativist; I can’t sit still long enough with one thing.THC...