Word: bondses
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The catch is that the surplus was invested in U.S. government bonds, to be cashed in later to keep the by-then-elderly boomers afloat. These bonds are simply claims on future U.S. taxpayers, and they're coming due. The Social Security surplus peaked in 2000, at 0.91% of GDP...
To banks and other financial-services companies starved for cash by the subprime-credit crises, where they obtain bailout money is less important than the fact that it's available at all. Just ask investors in Citigroup or UBS. The big Swiss bank had to take a $10 billion write...
In an open letter that appeared in the Dutch newspaper De Telegraaf on Dec. 13, Poeteray explained that Jade was diagnosed with emotional problems when the family moved to Hong Kong, including a "severe form of fear of emotional attachment." Adopted children are sometimes diagnosed with reactive attachment disorder, which...
By discovering the process by which Vitamin A bonds to form a structure when activated by light, Wald was the first to discover a biological mechanism that is critical to many other enzymatic processes in the body, such as olfactory responses and hormone regulation.
Another reason why defamation suits aren't too likely, besides their high burden of proof, is that the players would have to testify under oath. "That's exactly what they've been trying to avoid up until this point," says Shapiro. In other words, if players are going to sue...