Word: atm
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After waiting half an hour in a line of 20 people at the dusty ATM, Eduard Markov finally walks away with his old leather wallet bulging with rubles. Like thousands of others in the northern Russian industrial town of Pikalyovo, the 44-year-old clay-quarry worker had not been paid in three months. But now he at least has enough to buy the basics - meat, vodka, noodles, oil and fruit - from shops that just a few days ago were empty of customers...
...wouldn't have seen anything like this - people were fed up and angry," says Alexander Plush, 41, another former factory worker standing in line at the ATM. Plush had worked for 17 years at one of the Pikalyovo cement factories until it closed a few months ago. "Before we got paid, people were living on bread and water and the food they could grow in their gardens this early in the year," he says...
...pushed the Maersk Alabama into port, crew members appeared at the stern of the ship to praise Capt. Richard Phillips. "He saved our lives!" said one man, identified by The Associated Press as second mate Ken Quinn, of Bradenton, Florida. "He's a hero." Another, who identified himself as ATM Reza, said that he had persuaded one pirate to go to the engine room, where he overpowered the pirate, stabbing him in the hand and tying him up. (Photographer Jehad Nga offers a rare glimpse of the men who plunder the east coast of Africa...
...captain being free." Indeed, soon after tugboats pushed the Maersk Alabama into port, crew members began to praise Phillips. "He saved our lives!" said one man, identified by The Associated Press as second mate Ken Quinn, of Bradenton, Florida. "He's a hero." Another, who identified himself as ATM Reza, said that he had persuaded one pirate to go to the engine room, where he overpowered the pirate, stabbing him in the hand and tying him up. (Photographer Jehad Nga offers a rare glimpse of the men who plunder the east coast of Africa...
...Those questions have taken on greater urgency, since it turns out that AIG has become the banking industry's ATM, essentially passing along $52 billion of TARP money to an array of U.S. and foreign financial institutions - from Goldman Sachs to Switzerland's UBS. Those firms were counterparties to the credit-default swaps (CDSs) that AIG FP sold at least through 2005, and the companies were collecting on the insurance-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...