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...thrifts, there are well-defined procedures for dealing with insolvencies through the Federal Deposit Insurance Corp. But much of the financial action in recent years has moved to companies for which there is no such shutdown plan. When Wall Street firm and major mortgage player Bear Stearns experienced something akin to a bank run in March, the solution that Paulson and Bernanke came up with was a hastily arranged sale to JPMorgan Chase & Co., backed by a $29 billion guarantee from the Fed. The Fed is responsible for keeping prices stable and credit flowing. Bailing out troubled lenders to prevent...
...Hell. This Romeo-and-Juliet drama set on sugarcane plantations was Egypt's entry at the Cannes Film Festival, and a pan-Arabic smash. It established the two actors as the great love pair of their time; their marriage the next year was a star alliance akin to that of Elizabeth Taylor and Richard Burton...
Jakicic and his colleagues originally designed their study to measure whether weight loss could really be achieved and maintained through moderate-intensity exercise, akin to "walking when you're late for a meeting," he says, or whether it was preferable to engage in shorter bursts of more vigorous-intensity activity, "like, when you're late for the bus, chasing it down." The problem was that not enough of the women stuck with their assigned exercise categories for the researchers to gather enough meaningful data. Within a few months, most of the participants had resorted to exercising as much as they...
...California Anatomy of a Bank Run The fall of IndyMac, the second largest financial institution in U.S. history to collapse, alarmed depositors and caused a run on the bank akin to the savings and loan crisis of the 1980s. How the panic spread...
...were ubiquitous in contemporary little girl culture - and across the intellectual spectrum, from 15th century tapestries now on display at the Metropolitan Museum of Art to transporting Doogie Howser in the latest Harold & Kumar installment - rumors of unicorns were passed across the continents, and through the centuries, in something akin to an enormous game of telephone...