Word: baseness
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...issuing bonds. About $2.6 trillion of bank funding in the U.S., 20% of the total, comes from such debt securities, according to the FDIC. At the most troubled of the big banks, Citigroup, the figure is 27%. (Citi's domestic depositors account for just 16% - its main deposit base is overseas.) These bank bonds are mostly in the hands of large, sophisticated institutional investors - pension funds, insurance companies, mutual funds. It may be too much to ask small depositors to monitor the risks at the banks where they put their money and pay for getting it wrong. But these bond...
This morning, hate comes to Cambridge. According to their offensively titled website, the Westboro Baptist Church will be protesting Cambridge Rindge and Latin’s acceptance of homosexuality before moving on to the air force base and high school in Lexington, Mass., and capping off their packed day with a protest in Reading, Mass. The daylong protest spree is inspired by Reading Memorial High School’s staging of the Laramie Project, a play depicting the horrors of hate crimes against homosexuals. The Westboro Baptist Church is a Topeka, Kansas, based group that loosely uses religious principles...
...arms against British rule," says Richard Walsh, spokesman for one such party, Republican Sinn Fein. Walsh says support for the dissidents is growing. "It's inevitable that more people are becoming disillusioned with the Provisionals. They've been lying to their own people for decades now. The traditional base [is] deserting them ever since they decided to recognize the British state and endorse British rule in Ireland...
...wants to know how well it can track Chinese submarines moving in and out of their new and growing base off Hainan. And the Chinese want to prevent the U.S. from gathering such intelligence. Both sides claim legal cover for their actions, which suggests that similar showdowns will occur in the future. But such events, far from home and with few if any independent eyewitnesses, can quickly escalate into more serious confrontations - as in the case of the Gulf of Tonkin "attack" by North Vietnamese patrol boats against a pair of U.S. Navy destroyers that President Lyndon B. Johnson used...
...maintain commercial success, perhaps NFG need do little more than tweak their music for an era unenthused with pop-punk and make angst-ridden songs about abortive romances. After all, there will always be an audience for this type of music, and while they may not expand their fan base much, New Found Glory can at least escape the haze of the late 90s by reaching out again and again to the new manifestation of the same audience. —Staff writer Joshua J. Kearney can be reached at kearney@fas.harvard.edu...