Word: feds
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...idea is to borrow money cheaply in one country and invest it in another with higher interest rates and where the currency may be appreciating. Last year a plunging dollar and the Fed's decision to slash rates made the U.S. currency ideal for funding carry trades. For example, selling the U.S. dollar to buy Australian dollars, Norwegian kroner and Brazilian reals yielded returns in excess...
...death toll is impossible to pinpoint, government officials estimated that 150,000 corpses have been interred in mass graves; tens of thousands more remain buried under debris. As aid organizations struggle to deliver emergency provisions to the ravaged disaster zone--the U.N.'s World Food Programme estimated it has fed hundreds of thousands of people but cautioned that far more were going hungry--President René Préval issued an appeal for 200,000 tents to house some of the more than 800,000 people rendered homeless. Préval, whose palace collapsed in the temblor, intends to move into one himself...
With recently subpoenaed e-mails indicating that the New York Federal Reserve had sought to conceal details of the controversial $182 billion bailout of troubled insurance giant AIG, U.S. Treasury Secretary Timothy Geithner--head of the New York Fed when the e-mails were sent--was called to testify Jan. 27 on Capitol Hill, along with his Treasury predecessor Henry Paulson. At issue: the use of taxpayer money to cover AIG's debts to Goldman Sachs, Morgan Stanley and other Wall Street firms. Both men defended the "backdoor bailout" and denied any involvement in the alleged attempt to hide...
...rest of the Crimson took Chang’s example and fed off her performance...
...packed New College Theatre, Timberlake accepted his Man of the Year Award from the Hasty Pudding Theatricals Friday night, and in the process, wore a bra with gift boxes affixed at the breasts, danced in a reunion with his former ’N Sync bandmates, and fed Britney Spears pudding...