Word: feds
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...where they are. Sources say the Federal Reserve would prefer to let the banks keep the loans and troubled bonds for now and instead provide the banks with insurance policies guaranteeing that the government will swallow a good deal of future credit losses. But a similar deal that the Fed struck with Citi did little to boost that company's stock or stave off fears that it may soon go under...
Junior forward Doug Rogers led the team’s comeback by scoring the first of Harvard’s three unanswered tallies at 18:41 in the second with a 5-on-3 advantage. After moving the puck around with Biega, freshman forward Eric Kroshus fed the puck across the goal. Rogers was waiting on the left post and easily beat the out-of-position Big Green goaltender...
...rate policy that was appropriate for the previous "inventory cycle" recessions since World War II, but didn't fit at all the collapse of a speculative bubble in the stock market in 2001 and 2002. Consumers, and the housing market, weren't in a recession at all - and the Fed's super-low rates precipitated a bubble. "We inadvertently stimulated an industry that was already in boom conditions," Gramm said. "This changed everything. It changed consumption behavior, it changed lending behavior...
...stroll down gravel paths that lead toward a 140-ft. (42 m) bamboo bridge. It spans the Ayung River to link two sides of a 20-acre (eight hectare) campus set among rice terraces. As you traverse the whooshing rapids, you can take in a spring-fed infinity pool, a favorite after-school haunt of students like Chiara and Carina Hardy, the daughters of jeweler John Hardy, who, together with his wife Cynthia, founded Green School with profits from the 2007 sale of his eponymous Bali-based jewelry firm...
...tour winds past the school's five water buffaloes. Their dung, as all 100-plus students already know, goes to a biogas system that extracts methane; the leftover waste gets fed to worms, creating a rich compost that goes back into the school's fields and gardens, which students tend. Other sustainable-energy solutions on campus include micro-hydropower and solar power...