Word: excesses
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...deal? The big beneficiaries were the owners of the $5.3 trillion in Fannie and Freddie bonds and MBSS. Therein lies a fascinating, and disturbing, story. For years, the governments of countries that have run big trade surpluses with the U.S.--mainly Japan, China and the oil exporters--put their excess dollars into Treasury securities. When budget surpluses from 1998 to 2001 began to shrink the supply of Treasuries, foreign governments looked to Fannie and Freddie debt as an alternative. When the U.S. returned to deficits in 2002, they kept buying Frannie debt because it paid higher rates than Treasuries...
...month investigation into allegations that Olmert took envelopes stuffed with thousands of dollars in cash from a prominent Jewish-American businessman. Police say that the prime minister should also be indicted for double-billing his first-class trips abroad to various Jewish charitable institutions and then using the excess cash to pay for his family vacations...
...over 200 of his unsold works, worth more than $185 million. If the story is correct - the gallery says it's not, but hasn't detailed how many Hirsts it has on hand - it would mean that Hirst has run into that age-old problem of factory production: excess inventory. A few weeks ago Bloomberg.com quoted Robert Sandelson, a London gallerist who has dealt in Hirst, about the "pressure" that overproduction has placed on the market for spot and spin paintings. According to Bloomberg, one of those, Hydrocodone, sold at Christie's in London last year...
...seems like disasters are getting more common, it's because they are. But some disasters seem to be affecting us in worse ways - and not for the reasons you may think. Floods and storms have led to most of the excess damage. The number of flood and storm disasters has gone up 7.4% every year in recent decades, according to the Centre for Research on the Epidemiology of Disasters. (Between 2000 and 2007, the growth was even faster, with an average annual rate of increase of 8.4%.) Of the total 197 million people affected by disasters in 2007, 164 million...
...comes out of the closet and takes a lover - a free-spirited flamenco dancer - whom Hlynur falls for, too. The story of their triangle unfolds against snow-covered streets and alternating cozy and claustrophobic interiors, in loving tribute both to the neighborhood and its seasonal ritual of drinking to excess. "Life is one week," Hlynur says as the film opens. "I drop dead every weekend...