Word: actualizations
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...government takes over more banks and forces the entire banking system to flush bad assets from its books. If you priced all bank assets at current market values, the banking system would be insolvent, the reasoning goes, so make them take the hit and then press restart. Those with actual banking experience, though, tend to be dubious about market pricing and counsel patience. "The banks have a lot of practice at working out troubled assets, and most other parts of the economy don't," says Gary Townsend, a former bank regulator and industry analyst who runs the hedge fund Hill...
...cuts, the Houses should do what they can to ensure that the personal infrastructure of the House—specifically the continued presence of tutors and important House administrators—survive such a drastic budget reduction. Extras such as food for House events should be eliminated long before actual academic and administrative positions that play such a central role in the Harvard experience start to be considered expendable...
...matter how powerful the label of “genocide” may be, insisting on its use should never come before the priority of accurately describing what happened. While a debate over the precise terminology may be useful for international lawyers, for activists and ordinary citizens, studying the actual historical events and their lessons is far more relevant and meaningful than sparring over semantics. For Turkey and Armenia to learn from their experiences in a productive way, both countries should resist the temptation to concentrate too much on this single, albeit extremely powerful, word...
...whoever is in the White House. (It so happens that the current occupant is sympathetic to the position that we should limit emissions, but, as evidenced by the two previous administrations, this won’t always be the case.) And, in any event, the likely outcome of an actual EPA attempt to regulate emissions would be years of contentious litigation that get us nowhere. Environmentalists, rejoice...
...this decade, the waterway's piracy problem reached crisis levels. Attacks ranged from small-scale robberies by lightly armed desperados to highly organized hijackings of giant vessels by teams of professionals. According to the International Maritime Bureau of the International Chamber of Commerce, the Strait of Malacca suffered 38 actual or attempted pirate attacks in 2004, the second highest total in the world after Indonesia. "We don't stand a chance" against the pirates, an Indonesian naval officer conceded at the time. In 2005, the London insurance market added the strait to its list of areas at risk...