Word: fire
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...that when it collapses one receives the insurance payout. This incentivizes firms to work against each other and was one reason why Lehman Brothers collapsed. As the Financial Times asserts, “a house insured for more than its value is always considered a fire risk.” Healthy competition among banks is essential to a vibrant economy, but incentivizing the failure of banks is not. Furthermore, the government should regulate who is eligible to buy a CDS. If a firm attempts to purchase a CDS without the intent to insure their own investment, strict scrutiny should...
...morning a bullet ripped through the thick fog blanketing Restrepo, then another. "We got contact," some one screamed. The soldiers, part of first platoon, Bravo Company, 1-26 of the First Infantry Division, jumped to their firing positions, and squad leaders started shouting mortar coordinates into their radios. "I can't see s---," said one. "Where's it coming from?" Reports of more fire started coming in from the Korengal Outpost, the main base, and then from Dallas, a nearby observation post where one of the men had been hit by shrapnel. It was a coordinated attack; the dense clouds...
...know nothing about the shooting coming from Loi Kolay earlier that day. They hadn't seen any strangers in town, they said, and promised to report any suspicious activities. We talked about the village's needs and fielded complaints about the goats that had been killed by mortar fire a few days before. Sergeant First Class Lucas J. Young, who was leading the mission, asked one man what he could do to help the village. "Nothing," he responded. "We don't want anything, just peace." Previous missions had elicited the same response. To Lucas, it was a repeat...
...always had trouble differentiating between incoming and outgoing fire when I watched fighting from the comfortable confines of the sandbagged observation tower at Restrepo. On the ground I no longer had that problem. Incoming AK-47 fire is higher pitched and metallic sounding. It shatters the rocks above your head and showers you with their fragments. It kicks up clods of dirt in front of you. It makes you run faster than an Olympic sprinter, 30 lbs of body armor, darkness and rocky path be damned...
...outpost lit up the sky in flashes. I could see a tangle of limbs and chests heaving to suck in oxygen. The smell of sweat intermingled with the scent of the mountain sage bushes we were crushing under our cumulative weight. My head rang with the sound of returning fire coming from the guy on my left as he aimed at the darkness below. Adam Ferguson, TIME's photographer, actually stood up to take pictures. It felt like we were taking fire from all sides, but in the dark it's hard to tell. But then, across the road...