Word: beare
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...Santa Fe, N.M., therapist Melissa Pickett says she hears a lot about polar bears and whales. "People tell me how an article about the polar bears losing their habitat was really upsetting to them," she says. Treatment includes placing a photograph of a polar bear into the patient's hands and encouraging him or her to have a conversation with the bear as a way to ease the patient's despair. Pickett might also suggest that patients do their own research into the polar bears' situation. The hope is that patients will begin to better understand their feelings. As they...
...need to be filled," says Susan Linn, an instructor in psychiatry at Harvard Medical School and co-founder of Campaign for a Commercial-Free Childhood. A generic babydoll, for example, needs a child to give her a personality, a family, what a screenwriter would call a backstory. A teddy bear needs something to do, a plot. But, "when children see the film and then they have all the toys, there's less room to experiment or come up with meaning of their own," Linn says. Another problem that Linn and others have with the Transformers movie...
...hedge funds suffered or failed as a result of their exposure to U.S. mortgage products, but some banks and insurance companies as far afield as Australia, Germany and Taiwan have also run up large losses. And they are likely just the beginning, with major firms like Goldman Sachs and Bear Stearns announcing in recent days that some of their own investments have been badly hit. Second, problems in the U.S. housing-credit-market have also spilled over into the world of "leveraged loans," which have been widely used to finance the global boom in mergers and acquisitions. While company balance...
...that the foundation is shaking, there are scant buyers for the lower-grade issues built on top of the pooled mortgages, and the values of those CDOs have plummeted. Losses in the subprime market drove Bear Stearns to declare two of its hedge funds, once topping $1.5 billion, all but worthless, and banks as far afield as Germany and France have frozen funds or received bailouts because of exposure to U.S. mortgages...
...houses don't trade like stocks, so when it comes to correcting the system when it gets out of whack, we're talking years, not weeks. "Real estate," says housing economist Thomas Lawler, "is a slow, tedious process." In July, after the two Bear Stearns hedge funds first ran into trouble, bond guru Bill Gross of Pimco wrote a foreboding investment outlook, pointing out that hedge funds tied up in trading are the top layer of the problem, not the root. That can be demonstrated in the Mile High City and, as Gross wrote, "in the Summerlin suburbs...