Word: blowne
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...undermine the traditional banking system by incentivizing those bad loans. Fueled by the shadow system's demand for loan-based derivatives, enough regular banks issued lousy loans that now they too are failing, hence the fate of Washington Mutual and Wachovia. In the worst case of an unchecked, full-blown panic, even banks that operated cautiously within the post-1929 safeguards could be vulnerable. At that point, Paulson and Bernanke would have to resort to even more extreme measures...
...When Obama first ran for Illinois state senator in 1995, he attended a campaign event at Ayers' house. In 2001 Ayers donated $200 to Obama's state senator re-election campaign. By the time the two men met, Ayers' days as a Weatherman had long passed. The wind had blown him another...
...that has gripped Thailand for a month and a half erupted in a blaze of smoke. Riot police fired tear gas at the protesters gathered near parliament, and medical staff later reported that more than 100 people were injured. This included two protesters who had parts of their legs blown off by what police said were exploding tear gas canisters. A police spokesman said the action was taken to clear a road to parliament for cabinet members to attend Somchai's speech later in the day. A few days earlier, the PAD's leadership had also taken a hit when...
...lived for "40 odd years" with her husband, a sea captain for Texaco, taking only a few photographs and the bank books for the Galveston Grandmothers Club. It was the first time she had left during a storm. In 1983, Hurricane Alicia, a category three storm, had blown hard but with no surge. This time, Hollywood Heights, her West End island neighborhood just two blocks off the beach was quickly put under water by Ike. A moldy black water line high on the yellow siding shows where the water had crested, perhaps as high as 15 feet. The green storm...
North Koreans are, unfortunately, no strangers to hunger. In the 1990s, a severe famine is thought to have left up to a million North Koreans dead. Though aid workers say the country is not facing a full-blown famine, the shortage appears to be the worst food crisis since the 1990s. Erica Kang, director of the Seoul-based human-rights group Good Friends, says a "few hundred thousand people are in danger or at risk of famine" in North Korea. Marcus Noland, an expert on the North Korean economy at the Peterson Institute for International Economics in Washington, believes that...