Word: event
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...collapse would be as close to an extinction-level event as the financial markets have seen since the Great Depression," wrote money manager Michael Lewitt in Tuesday morning's New York Times. There's also the fact that through its insurance policies AIG touches far more regular Americans (and consumers around the world) than Lehman Brothers did. Plus, AIG's insurance businesses make so much money that they could conceivably pay off the cost of the bailout within a few years...
...problems.FEMA remains under the auspices of the Department of Homeland Security: a subordinacy that has placed the goal of protection against terrorist attacks far above that of disaster relief. Monetary backing for FEMA’s national response teams, which constitute its primary line of offense in the event of emergency, has all but evaporated. What’s more, the department has excised the preparedness component of FEMA in order to divert the majority of its funds to counter-terrorism measures. Without the ability to plan effectively, FEMA’s response to natural disasters can be nothing...
...speech, which was co-sponsored by the International Relations Council and the Weatherhead Center for International Affairs, was part of a larger event meant to introduce students to the two organizations...
...time, I didn’t think it was going to happen. It was the best day we could’ve possibly had. It was unbelievable.”So what are Mills and Cross going to do after a gap year capped off by reaching the biggest event in all of sports? Come back to Harvard to learn and compete at the collegiate level, of course.The road to Cambridge has been a long one for Mills, who puts Harvard nearly on par with her summer activities. A native of Kfar Saba, Israel, the freshman finished high school...
...Alwaleed: I'm not sure anyone at all saw the depth and magnitude of the problems faced by some financial companies in the U.S. I will quote [Alan] Greenspan in saying that this is a once-in-a-lifetime, or once-in-a-century event. It shows the gravity of the problem over there...