Word: bearings
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Dates: during 2000-2009
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...came that MetLife and The Hartford, two well known insurance giants, had experienced huge losses on their investments and were seeking billions in private investment to keep up their reserves. Their stocks have dropped by at least half in just a month. After all, wasn't this the way Bear Sterns, Lehman Brothers, Washington Mutual, and Wachovia started their slides into oblivion...
Christina Davis, the new curator of the George Edward Woodberry Poetry Room, addressed a welcoming crowd last Thursday by saying, “It is an honor to bear the title, ‘curator of poetry,’ which seems to sum up in seven syllables my relationship with poetry—‘to care for’ poetry.” There has been a year-long lull during which the books, broadsides, pamphlets, and recordings of the Woodberry collection have been without a permanent curator. With this in mind, Davis has arrived with plans...
...recognize her as Mel from “Flight of the Conchords”) and a man decked out in tan flannel travel from Tokyo to Paris in another cardboard box. The deliveries of weapons labeled “mutiny” to a furry unicorn and a comely bear reveal the ultimate literality of this video; the plot sequence sticks closely to the lyrics, like a child’s storybook, though the video is made more complex and obscure by a puckish dark-humored whimsicality. Collectively, these elements are fitting for a New Pornographers’ video...
...which has not been seen in nearly a decade. The shift is one that will define a cultural vocabulary for the next four, if not eight years, and it has less to do with the cramping Federal Reserve and the frantic Dow Jones and more to do with bear attacks and the abstract idea of “truthiness.” That’s right: every vote cast on Nov. 4 will be a vote to determine the future of American political humor, whether it be a brittle rehash of the stale conservative robot-rhetoric gags...
...Weiss believes these banks are far less likely to run aground than the panic-induced price of credit-default swaps would suggest. But since the demise of Bear Stearns and Lehman Brothers, "people have no idea how sound banks are," he says, so "the whole financial system is locking up." The U.S. government's rescue plan should help, and Weiss thinks there's a fair chance that the busted assets it's buying to prop up the system will rise sharply in value as everything stabilizes. But he's by no means confident that the $700 billion bet will...