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...early February, Treasury Secretary Timothy Geithner, as part of his bank fix, said he will "stress-test" the nation's largest financial firms to find out which ones are fit and which ones are flatlining, and then apply the appropriate therapy - which we assume means anything from injecting capital to pulling the plug. By using a medical term, Geithner gave the impression that he had some fiscal electrocardiograph that could be strapped to banks to chart the strength of their accounts. But when it comes to a bank checkup, the actual test is far less scientific. (Read "Geithner's Challenge...
Grann's journey, shadowing Fawcett's, is actually the least interesting part of the book. (For a livelier account of an innocent's adventures in the jungle, look up Redmond O'Hanlon's classic Into the Heart of Borneo.) You never quite get a fix on what Fawcett means to Grann, and you find yourself wishing, uncharitably, that he would narrowly escape death a little more often. What keeps you going is the backstory. The theory that the Amazon basin conceals the capital of an advanced civilization has a long history--it's one of those ideas that's just...
...nearly out of cash, unemployment and foreclosures above the national average, and the state cast out of the municipal-bond market (Standard & Poor's downgraded the state's bond rating to the lowest of the 50 states), Schwarzenegger recognizes that this year's shortfall is just too big to fix with cuts alone. Unlike the Federal Government, which can run endless deficits, states are required by law to balance their books yearly...
...paying the entire principle even if the house does not reclaim its higher value. That essentially will turn many homeowners into the equivalent of renters, people living in a residence which may have absolutely no ongoing value for them. The difference is that a renter does not have to fix his own toilet...
...tastes, he limits what he plays at work. “Obviously I’m not going to listen to Fitty or Slayer,” he said. “I’ll put on someone like Dylan.” If you need a reggae fix, Leverett’s dining hall manager is known to break out his iTunes collection, while Eliot offers live piano music at Sunday brunch. But some staffers still aren’t satisfied. “I want some B-52’s playing…you know...