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...supposed to have significant recession-fighting qualities. The location is advantageous - Bethpage Black is just a par-5 from New York City, a ravenous sports market whose economy hasn't completely crashed. The fans would be loud and ready to spend. Also, terrific story lines were going to amp up even more interest - Tiger Woods, who got through six holes on Thursday and was one over par, trying to repeat as U.S. Open champ; New York fan favorite Phil Mickelson playing in his first major since his wife was stricken with breast cancer. But now, with bad weather forecast throughout...
...like derivatives. AIG paid out an additional $43.7 billion to many of the same banks, which were also customers of the securities-lending operation run out of AIG's insurance division. In this case, AIG managed to take a business specifically designed to be low risk, low return and amp it into another dicey venture - with taxpayers on the hook...
...Indulgences are a handy marketing tool for the church, a way of encouraging people to amp up their spiritual life. But figuring out exactly what they are and how they work can be confusing. "It brings people who aren't Catholic up short," says David Steinmetz, a professor of the history of Christianity at Duke Divinity School. (Read "Finding God on YouTube...
Logitech Squeezebox Boom With a beefy, bassy 30-watt amp and a pair of high-performance speakers, the Boom ($260) is built to shake the room. And there's no end to the tunes you can blast out of this little black box. It can wirelessly stream Web stations and - if you can't find anything you like online - music stored on your PC's hard drive. It also connects to personalized internet radio services like Last.fm, Pandora and Slacker. www.logitech.com...
...bank products abnormally high. At first glance, that's fantastic news for consumers who are finding CDs that yield 4% and money-market accounts that pay 3%. But the competition for money - which will surely intensify as new bank holding companies like Morgan Stanley, Goldman Sachs and American Express amp up efforts to attract deposits - is also squeezing banks' profit margins, further straining an already weak industry and stressing smaller banks, many of which didn't go hog wild making risky loans in the first place. "Higher rates are a short-term fix," says Camden Fine, president...