Word: failed
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...While we're trying to get our heads around what amounts to the biggest debt transfer since money was created, Lehman Brothers goes broke, and Merrill Lynch feels compelled to shack up with Bank of America to avoid a similar fate. Then, having sworn off bailouts by letting Lehman fail and wiping out its shareholders, the Treasury and the Fed reverse course for an $85 billion rescue of creditors and policyholders of American International Group (AIG), a $1 trillion insurance company. Other once impregnable institutions may disappear or be gobbled...
...time to make sure you don't have more than $100,000 in any one bank. The FDIC insures that amount should your bank fail--plus $250,000 for retirement accounts that hold bank products like CDs. On Sept. 16, however, there was an event in the normally unexcitable world of money-market funds. Because of a loss on Lehman debt, a money fund marked its share value below $1--sacrilege for an investment meant to be akin to cash. A mass redemption followed. If more money funds "break the buck," you may be tempted to move to FDIC-insured...
...itself breaks down. "Was I a mother?" she asks herself, and after the baby's death but before its birth, "Was I pregnant? There should be a different word for it, for someone who hasn't yet delivered a dead child." But McCracken's sense of humor doesn't fail; it merely turns an inky black. An intern assigned to check her cervix "rummaged around in the manner of an unhappy wife looking for a wedding ring in a garbage disposal." When McCracken and her husband leave the hospital after the disaster, a black cat crosses her path...
...Footprint is as much an exploration of how Europeans interpret the land - how people choose to manage their space and how, sometimes, they fail to do so - as it is about the land itself. Through it all Franklin, who holds a Ph.D. in geography, demonstrates an artist's flair. He sees Greek-Italian painter Giorgio de Chirico, he says, in the winter light of his Spanish farming photos, and American artist Georgia O'Keeffe in the shapes that form in breaking glacial ice. Most of all, Franklin credits the Romantics and their idea "that these sublime landscapes are both beautiful...
...attack may have been to undermine Yemeni President Ali Abdallah Salih. Yemeni officials believe it may have come in retaliation for recent raids by Yemeni security forces against al-Qaeda in which senior militant Hamza al-Quaiti was killed. Militants had also threatened more attacks if Yemeni authorities fail to free detainees. Says Yemeni journalist Nasser Arrabyee: "Al-Qaeda and the security forces are in a serious confrontation now. The government is cracking down, and al-Qaeda is retaliating...