Word: factly
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...only about $110 billion of the TARP was left in reserve, the water is inching toward the top of the levy. He did not refer to the new IMF data which came out just before his testimony. It said that worldwide banks were facing more severe write-offs. That fact was conveniently left outside the door...
...fact, the VIX does not even measure volatility. The VIX is a measure of demand for options, more than it is a measure of volatility. More accurately, it takes account of the worst-case volatility that investors writing, or selling, options are expecting. In a relatively stable market, the VIX probably does mimic realized volatility fairly accurately, but in desperate times, as investors flock into put options - and greater volatility is possible in the near future - the VIX is an inflated measure of actual volatility...
...Never mind all that Congress and the President have asked of the agencies. Or the fact that morale at the agencies is horrible and plenty of their most-talented workers - i.e., those that can easily get hired elsewhere - are leaving. Freddie Mac doesn't have a permanent chief executive, chief operating officer, or chief financial officer. Many slots for other top positions are likewise vacant - as they are at Fannie Mae. Lockhart recently said of the agencies that "everybody is stretched very thin." That is only one of the problems...
...fact, the initiative might never have gotten off the ground without a lot of help from Washington. Half the $200 million price tag of the first phase of the project will come from federal stimulus spending, and there's more to come. Along with the $3.3 billion in grant money set aside by the Department of Energy for smart-grid tech, another $615 million is set to be spent on projects for energy storage and monitoring. To Washington, building the smart grid is about more than energy - it's about creating jobs, an investment that will stimulate the economy today...
...been pulled out once more. It turns out that making healthy food choices is not exactly as straightforward as it sounds. In fact, when restaurants include low-fat, low-calorie choices on the menu, they may be making us more likely to choose wrong. What's more, it's people who rank high in self-control who tend to make the worst eating choices of all. (See what makes us want to eat more food...