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...reason for the wide disparity is how the costs are allocated. In Vancouver's case, there's a big debate about how to account for two major projects being built for the Olympics: a light-rail link connecting the city to the airport, and costly upgrades to the Sea to Sky highway, which winds north along Pacific fjords. Should these projects be part of the Olympic budget or (because they will presumably serve the city for years afterward) part of the general municipal budget? Either way, the projects will take decades to pay down...
...error. Wikipedia's ruling body of volunteers never decided to impose restrictions on all articles about living people. Instead, the site will adopt "flagged protection" - the new method for requiring editorial approval before changes to Wikipedia go up - for a small number of articles, most likely on a case-by-case basis. (See the 50 best websites...
Here's how it will work in the FDIC's case: Later this year, along with their scheduled 2009 fee, banks will pay the FDIC all of the fees that they believe they will owe the agency through the end of 2012. But even though the banks will make those payments this year, they won't show up on 2009 income statements. Instead, each bank will add an asset, a big one, to its balance sheet, right below where the cash they just handed over to the FDIC used to be. It will be called something like prepaid FDIC premiums...
...case of big banks like Bank of America or Citigroup, the upfront payments could run to a few billions. But the FDIC and analysts say banks will be more than able to cover it. Cash flow is not their problem. Capital is. And because the prepayments won't hit earnings, at least not initially, those capital ratios we have been worried about to show if banks are solvent won't change. Banks, all too familiar with accounting tricks, seem overjoyed by the FDIC's solution...
...This year, Russian human rights group Memorial also accused Kadyrov's regime of being connected to the July murder of human-rights activist Natalya Estemirova in the local media. No charges have been brought against Kadyrov or members of his administration in the case, and he has denied any involvement, telling press that he would investigate the murder. On July 17, Kadyrov's lawyer told Interfax that the president is suing Memorial for defamation. "Considering the cumulative information that is available about Kadyrov's rampant human-rights abuses, it's up to Australians citizens to decide if they want...