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...hard to find anecdotes of business booming at credit unions and community banks, which rely on deposits rather than financing in the capital markets. But even there's nuance even there. The amount you can expect from a top-yielding certificate of deposit has fallen from about 5.5% to 4.25% over the past year, according to Bankrate.com. On the surface that seems to indicate banks aren't that worried - if they really needed cash, wouldn't they up their rates to attract more money? Well, over the same period of time, the federal funds rate has been cut from...
...stake make the facts all the more troubling. The FDA devotes only 3% of its food-safety spending each year to fresh produce, which is especially important because it is often consumed uncooked. It examines less than 1% of produce imported into the U.S., despite the fact that the amount of imported food has grown dramatically in recent years...
...countries, vessels are currently allowed to discharge certain pollutants, like food and operational wastes, as long as ships are away from the coastline and other specially protected areas, such as the Mediterranean and Baltic seas. But Criddle's report warns that despite all regulations, there is still a significant amount of marine debris. "We lack a coordinated strategy dealing with land- and sea-based debris," says Criddle...
...Boston University, the weather was not a friend to the Crimson. Harvard finished ninth overall in the regatta, placing tenth in the A-division and eighth in the B-division. The competition was characterized by a lack of wind, which only allowed for three races—the minimum amount required for a regatta to count—to be completed. “[We were] not very happy with the result,” junior Drew Robb said. Skipper Robb and freshman crew Annie DeAngelo placed eighth, twelfth, and eighth in three B-division races. The Crimson saw similar...
...supporters of the plan - which had been crafted by Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke - argued that as painful as it would be to commit such an unprecedented amount of taxpayer money to cleaning up Wall Street's mess, the price of not doing it would be even greater, because the crisis would spread to hurt ordinary businesses and their workers. Supporters of the plan argued that the only way to keep the financial system operating was to have the government buy the junk assets in order to take them off the balance sheets...