Word: crediteer
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Recording my expenses in a journal kicked things to a whole new level. I always thought I was fairly responsible with money. I don't have credit-card debt, I put a decent slug of my salary into my 401(k), and even though I spend a ridiculous percentage of my paycheck on housing - I do live in New York City - it's just a one-room apartment. I dropped my laptop and broke the screen a year ago; it still works, so I haven't replaced it. Helpful hint No. 2: ThinkPads are only slightly less rugged than soccer...
...victory. “We were down 2-0, and really our guys just buckled down,” Baise said. “Mentally, it was one of our strongest efforts of the year. It’s not easy to come down from 2-0. To the credit of our players, we climbed our way back into that match.” Weissbourd once again had another impressive showing, registering 31 kills and a career-high 12-block performance. “In a match like this, we turned to him in all aspects of the game...
...rotten time to be a banker. Whether their fingerprints are on a single credit default swap or collateralized debt obligation or not, financiers are being fingered for blowing up the global economy. The assets they traded are "toxic" and their bonuses "obscene." And members of the public, it seems, are fed up with the lot of them. In a leaked security memo sent to staff last week, bosses at AIG warned workers to keep an eye out for aggressors amid the "growing sense of public attention fueled by increased media scrutiny." AIG employees were advised to ditch AIG apparel...
...other argument against excess regulation is that if the capital markets are prevented from efficiently trading and creating capital, then they do not really exist as capital markets any more. With the economy in such tough shape discouraging traders from creating liquid markets or the credit default swaps market from efficiently insuring risk may do more to hurt a system that is trying to build new capital more than it helps...
...costs spiraling out of control again? Yes, the global credit crunch has increased the cost of borrowing, and oil spikes have increased the costs of materials. But ironically-tragically, really-the main problem has been the 30-year hibernation of the nuclear construction industry, the legacy of the incompetence that led to TMI. The specialized workforce of nuclear engineers, welders and other reactor-builders has withered, which means higher labor costs and more delays. Our nuclear industrial base has atrophied as well; for example, the world's only steelworks capable of forging containment vessels is now a Japanese monopoly, forcing...