Word: currented
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...Federal Reserve says the stress tests were a one-time thing and it has no plans to do them again. One problem with regularly repeating the tests is that they are expensive and time-consuming. The current one took 150 bank examiners six weeks to complete. Bert Ely, a bank-industry consultant, says bank executives don't want the stress tests to return. While Ely says he does believe the stress tests have influenced how regulators will view banks in the future, he's not sure he sees the point in them. "This is the government trying to steer business...
...energy from wind turbines or change their facilities into locations that use solar power. If the government wants to help companies change businesses so that they pollute less, the fastest way to do it is to invest government money to finance the process. That would save the environment, upgrade current corporate facilities in a way that may make them more profitable, and provide these companies with money that will go toward the purchase of capital goods. In other words, providing money for corporations to upgrade polluting facilities causes large ripple effects to industries that market the materials to create...
...understand how a bunch of ragtag youths in small fishing boats can hijack oil tankers and huge cargo vessels [No Surrender to Thugs, April 27]. The crews of these vessels must be properly equipped and allowed to take the appropriate measures to see off the pirates, or the current ludicrous situation will become a complete farce. As it stands, the pirates stand to gain huge amounts of money in ransom payments, but there is very little downside to their operations, so the piracy is only going to spread. Vincent Bristow, KNYSNA, SOUTH AFRICA...
...President's Best Friend Bo, President Obama's new dog, acts as an icebreaker in what has seemed like months of recession-filled articles and accounts of how the current global financial crisis is causing havoc for many [April 27]. After all, it cannot be easy leading the world's most powerful nation through such treacherous times. Let's hope Bo can help ease the stress and put some perspective on Obama's life. Shaun Michael Dunlop, Cape Town...
...Maldivian youth are in the middle of a drug epidemic that, proportionate to the nation's population, may be one of the worst in the world. The legacy of Gayoom's rule lingers, and the process of unraveling it will last far longer than Nasheed's current five-year term. Entire political institutions - a free press, an independent judiciary, a multiparty legislature - are emerging where there were none...