Word: alongism
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...costs are allocated. In Vancouver's case, there's a big debate about how to account for two major projects being built for the Olympics: a light-rail link connecting the city to the airport, and costly upgrades to the Sea to Sky highway, which winds north along Pacific fjords. Should these projects be part of the Olympic budget or (because they will presumably serve the city for years afterward) part of the general municipal budget? Either way, the projects will take decades to pay down...
Here's how it will work in the FDIC's case: Later this year, along with their scheduled 2009 fee, banks will pay the FDIC all of the fees that they believe they will owe the agency through the end of 2012. But even though the banks will make those payments this year, they won't show up on 2009 income statements. Instead, each bank will add an asset, a big one, to its balance sheet, right below where the cash they just handed over to the FDIC used to be. It will be called something like prepaid FDIC premiums...
...case against Zazi, accusing him of receiving bomb-making education from al-Qaeda operatives in Pakistan, of purchasing components in beauty-supply shops around the Denver suburb of Aurora for mixing explosives, and of traveling to New York City to advance an as yet undisclosed terrorism plot. Arrested along with his father Mohammed Wali Zazi and a New York City cleric, he could face up to life imprisonment if convicted...
...Along those lines, Republicans are expected to introduce a spate of amendments to this week's fiscal 2010 Defense Appropriations Act in the Senate. One will probably be a demand to have McChrystal testify before Congress - a move the Defense Department has so far resisted until after the Administration sets its policy. Other potential amendments include one to increase funding for troop training, an amendment expressing the sense of the Senate in support of troop increases and maybe even one expressly supporting McChrystal's recommendations. On the Democratic side, an amendment is expected, perhaps from Wisconsin Democrat Russ Feingold, that...
...experts says the Langseth may have done more harm than good during its nearly four-month tour. The area where the ship was sailing is home to about 34 cetacean species, of which seven are fragile marine-mammal species, like the critically endangered Indo-Pacific humpback dolphin that lives along a 60-mile (100 km) stretch of Taiwan's west coast. "Seismic airguns are very loud, and under certain circumstances they can cause actual physical damage," says Rose. "When a species such as the humpback dolphin is already facing many threats and is hovering on the brink of extinction, adding...