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The attention to diversity and the president's public commitment could scramble some of the calculations as Mr. Obama proceeds with restructuring his White House staff and Cabinet for the next four years.
Under new political leadership, Rome and Madrid are proceeding with restructuring plans intended not just to reduce high debts and deficits but also to lay the foundation for eventually restoring economic growth.
"Our current plan is to proceed with the restructuring that we announced in October," AT&T; said in a statement.
He described an "innovative" clause that would require all creditors in a given bond pool to proceed with a voluntary restructuring deal if the lenders holding two-thirds of that pool's bonds agreed to it.
WorldCom plans to trim 2,000 jobs, about a quarter of its work force in Europe, Africa and the Middle East, as it proceeds with a restructuring effort.
For MGM, a deal that finally lets the "Hobbit" films proceed would lock in badly needed revenue as the company proceeds with a restructuring that is still far from resolved.
From February to May 2009, all three respondents submitted Phase 2 Proposals, and the Government of Canada announced that it was proceeding with a restructuring of AECL.
But late Monday evening, Air Canada announced that it had offered Aveos $15 million in emergency financing which, the airline said, "should permit Aveos to reopen certain of its facilities and recall certain of its employees" and allowing it to "proceed with a more orderly restructuring".
It will discontinue bond payments immediately and will proceed to restructure its obligations over the coming months.
Still, proceed with caution.
So proceed with caution.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com