Word: covering
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...there was a risk, and it would end up costing German taxpayers dearly. It related to a term set down in the leasing contracts - massive tomes, written in English, which required the Germans to take out policies with AAA-rated insurers to cover the value of the assets for the life of the lease. Should the insurer lose its top rating, the Germans would have to either find another insurer or, in the worst case, provide additional collateral to guarantee the assets. It was a scenario that no one expected could emerge - until the financial crisis...
Four years later, Andrea was on the cover of TIME (the first U.S. skier to be so honored) the month before she competed in the Oslo Olympics. She won the giant slalom, but it's her slalom victory that still amazes me today. In her first run, she missed a gate and had to backtrack to go through. She finished that run in fourth place. Yet her second run was so spectacular that her total time was good enough for a second gold medal, making her the first female skier to win two golds at the same Olympics...
...Payroll taxes are the roughly 15 percent that gets taken out of each paycheck to cover the costs of entitlement programs such as Social Security, Medicare, and, depending on the state, unemployment and disability insurance. The employee pays roughly half of that 15 percent, and employers cover the rest. The payroll tax is regressive in that there is a ceiling on how much of your income gets taxed. In 2009, payroll taxes will only be levied on the first $106,800 earned, meaning that a millionaire will pay a far smaller percentage of income in payroll taxes than someone...
Read TIME's 2008 cover story "Our Super-Sized Kids...
...jumped to their firing positions, and squad leaders started shouting mortar coordinates into their radios. "I can't see s___," said one. "Where's it coming from?" Reports of more fire came in from another base and observation post. This was a coordinated attack; the dense clouds provided perfect cover. A new command came over the radio: "If you see anyone standing outside of a building, consider it hostile intent and fire at will." A vicious burst of gunfire echoed from below the post, silenced only by the roar of mortars hitting the insurgents' suspected positions. Then all was still...