Word: capitale
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What price might Treasury offer? Treasury Secretary Timothy Geithner is doing a "stress test" of the banks to determine how much capital they need to survive. Whatever number that ends up being might be a good price for the toxic assets. "We want to get the assets off our books...
That's why the banking industry has been lobbying furiously to alter the accounting requirement that forces it to continue to lower the value of those assets, even though many of the loans that back those bonds have yet to default and perhaps never will. Those losses are amplifying the...
Ramaswamy and his business partner David A. Kosslyn ’11 created their own Web site called PhrazIt, a site that allows users to easily browse and share reviews on various products and services. The pair spent their entire summer last year working with an incubator program, a venture...
But, despite this progress, Kosovo is by no means in a secure position regarding its statehood. Serbia continues to claim that Kosovo is still part of Serbia, and the refusal of Russia as well as many other countries, including five European Union member states, to recognize Kosovo’s...
At the center of the country's restaurant scene is Sjávarkjallarinn (Seafood Cellar). Housed in the capital Reykjavík's oldest underground storeroom, which served as a stable in the late 18th century, the restaurant is known for its fusion of Asian flavors (think kaffir lime, star...