Word: towardness
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During his recent confirmation hearings, Timothy Geithner, the new U.S. Treasury Secretary, described China as a "currency manipulator." Like all politicians, he qualified his statement with various good wishes toward the Chinese, but the damage was quickly done. Markets began to wonder if China would retaliate by scaling back its massive purchases of U.S. government debt, contributing to a 70-basis-point sell-off in 10-year U.S. Treasury bonds between...
...while short-term costs might seem painful during an economic slump, cities will be keen to press longer-term benefits. "The London 2012 Games will provide economic gold at a time of economic need," Tessa Jowell, Britain's Olympics Minister, wrote in the latest annual report on progress toward 2012. That will mean 100,000 contract jobs to stage the Games - of those currently working on the Olympic site, one-tenth were previously unemployed - with half as many long-term positions created in the park and surrounding area. "The Games remind us," Rogge said on a recent visit to London...
...with Colonel Gaddafi’s broader aims. Gaddafi’s grand ambition will likely not be realized in the near future, but it is important that he continue to raise the issue and move other African leaders to seek compromises with his policies that will move Africa toward a stronger, united position...
...Flores herself wants to be governor of New Mexico, and she’s not shy about it. She has no reason to be. Most of us are guilty of it—planning our college careers always with a mind toward that high-rise office or that Nobel Prize. It’s why we’re here, isn?...
...Strata's case there is no stack. Instead, BofA imagined it had invested $1 billion in the bonds of 75 different companies, and then pretended that Strata wrote insurance against a $20 billion slice. BofA bankers placed Strata toward the bottom, in order to justify its relatively high yield...