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...bank. Those deposits were explicitly insured by the Federal Deposit Insurance Corporation (FDIC) up to $100,000 before the crisis, and the banks paid for that insurance (though not in full, given that FDIC coverage has been raised to $250,000 and seems effectively without limit at bigger banks) and passed the cost on in the form of lower interest rates than on, say, an uninsured money-market account. That, plus the fear that panicked depositors could start a devastating run on the banking system, explains why we're going to continue to be protected. (See the worst business deals...
With the release today of Apple's "smallest iPod Shuffle ever," the pioneering tech bellwether continues to wean us off its charismatic founder, Steve Jobs. Until recently, the new Shuffle would have been unveiled as an appetizer during a bigger media banquet - one of those wonderful little trinkets that Jobs would show off at the start of, say, a Macworld conference...
...want to attack the Americans because they know they are leaving. They are targeting the Awakening councils and the tribes because they are working with the government," he said, referring to the mainly Sunni councils that turned against the insurgency and sided with the U.S. "They are definitely planning bigger attacks. In due time, you will...
...Lounge has noticed corporate budget cutbacks, with companies opting for cocktail parties over fancy dinners to celebrate the holidays. “A lot of companies scaled back on their holiday parties,” Event Coordinator Leah E. Horgan said. “For a lot of the bigger companies, they didn’t cancel altogether. As opposed to doing a dinner, they’d do a cocktail hour.” Harvest, an upscale eatery on Brattle Street, has lost much of its corporate business because of the recession, according to Ivan T. Law, the restaurant?...
...Qasab's story. He may have been no more than a small player. But in the places he came from and passed through and the sights, sounds and messages that he experienced, he is part of a much bigger tale, a violent drama that has rumbled over much of the subcontinent. The role has done him no good. Qasab may have escaped Faridkot and Rawalpindi. But he's no closer to the other side of the fence than when he started...