Word: bond
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About 80% of Frannie's debt securities remain in the U.S. The PIMCO Total Return Fund, the biggest bond mutual fund, had its best day ever the Monday after the announcement, rising 1.32%. Fund manager Bill Gross had put two-thirds of its assets in mortgage-backed securities while using the bully pulpit of his widely read monthly commentaries to call for bolder action to help housing...
...Lost” in the common room of Grays and a game of Risk in Straus. “The really large events like the ice cream social, it’s hard to have meaningful interaction with their peers, so this gives people a chance to bond in a smaller environment,” Gringo said. Another popular point of feedback, according to Gringo, was the desire for exercise-centered events: a fact that helped explain the apparent enthusiasm for yesterday’s spinning class, which did not place a premium on comfort. “Since...
...clear that if the Big One or even a Pretty Big One strikes, Florida is going to have very serious problems. The state-run insurance firm and the Catastrophe Fund have just a few billion dollars on hand, so a major storm would force both entities to float massive bond issues in an unfavorable market, and to make up their shortfalls through gigantic assessments on policyholders. A House committee recently warned that the state would have "extreme difficulty paying its obligations" after a 100-year storm, and that premiums on nearly every property, car and business could skyrocket. A report...
...Those adept at free running - a variant of parkour, born in the Paris suburbs a decade or so ago - are usually more at home outdoors, scaling walls and leaping roof tops in cities around the world. But as the pastime has taken off - showcased in movies from Bond to The Bourne Ultimatum, free running practitioners now number 15,000 in the U.K. alone - it was time to move indoors to compete...
When I was a little boy, Irving was a man of mystery, like James Bond suavely passing through Miami International Airport. My grandmother and I greeted him as he came off a plane and we sat in a coffee shop, where he diagrammed an atom on a napkin and explained his job - nuclear physicist. Only years later did I learn that he was involved in Operation Dominic, as the U.S. detonated 105 nuclear explosions in the Pacific and he flew in an airplane trying to measure a bomb's electro-magnetic pulse. He hardly ever discussed...