Word: bonde
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...same time, more employees are asking their firms to tweak the terms of their parting pay - a shot to get more as they head for the door. "The packages are smaller than they have been, and that makes the need to negotiate more critical," says employment lawyer Robin Bond, "especially since you don't know how long it's going to be until your next...
...rates. The last nuclear plant ordered by a U.S. utility broke ground in 1973 and took 23 years to finish. The average cost overrun for a reactor approached 300%; the Washington Public Power Supply System-known as "whoops"-walked away from three plants mid-construction, triggering the largest municipal bond default in U.S. history. Even the reactor that failed at TMI was $500 million over budget and five years behind schedule. (Read the original 1979 TIME cover story on Three Mile Island...
...cultural lingua franca, our national watercooler. In the New York Times, SUNY Buffalo American-studies professor Elayne Rapping wrote that the fracturing of TV has created a "craving for the culture that used to unify us as a nation." But really the watercooler has just moved. Online, fans can bond with thousands of like-minded viewers rather than just a few co-workers. We don't all sit en masse for Must-See TV, but cultural moments - from late-night TV to the news to American Idol - are disseminated widely through YouTube and cable...
...remembering that "at the moment, the currency markets are an ugly contest," says Thomas. "Pretty much everywhere looks not great." Moreover, he says, while Switzerland boasts a powerful banking sector with experience of taking in floods of cash, "Norway doesn't have that financial infrastructure. And there's no bond market to speak of." That means that while "it's a nice currency to be invested in, from a practical perspective, of someone who has a huge pot of money and wants a safe haven, they just couldn't put it all in Norway," according to Thomas. "The economy...
...massive new FDIC program to get the banks to sell troubled mortgages. For all the focus on complex securities based on bad loans, the bad loans themselves pose the greatest threat to banks' balance sheets, according to the Treasury department. Bill Gross, chief investment officer of the massive PIMCO bond firm who has been in conference with the government about participating in the plan, estimates the loans pose up to a $1 trillion problem for the banks, and the new program taps FDIC funds to get investors to buy those loans from the banks. Gross told CNBC today that...