Word: frozenly
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Though Harvard’s endowment has posted strong returns amid the global financial crisis, the University’s finances may still be affected by the frozen credit markets. Harvard had issued more than $1.5 billion in variable-rate bonds as of the end of the 2007 fiscal year, according to the University’s annual financial report. These bonds have the potential to become costly for the University because of their volatility in the current turmoil. Interest rates on variable-rate bonds have soared as investors demand higher rates of return on these securities in the face...
...unfolded, ad hoc solutions from Bernanke’s Fed and the Treasury, led by the vigorous former Goldman Sachs CEO Henry M. “Hank” Paulson, proved unable to bring lasting calm to the market: Neither lower interest rates, nor greatly expanded liquidity helped thaw frozen credit markets. Even after brokered shotgun weddings like those of Merrill Lynch and Bank of America or Bear Stearns and JP Morgan Chase, what Professor Kenneth Rogoff once called the “flagship” American sector, the financial services industry, seems to have no bottom...
...positive to his housemates, one of whom harassed him; married a fellow AIDS educator on camera; and sparked an enduring national conversation. In a new series, Discovery's Ice Road Truckers, viewers are introduced to men who risk their lives in Northwest Canada, braving dangerous roads, frozen lakes and white-out conditions to bring supplies to diamond mines. "Some reality shows are horrifying and trashy, and others are completely compelling and socially redeeming," says Dehnart. "It's a varied genre." Just like the real world...
...John McCain: About 8,000 people may die this year waiting for organ transplants. Do you think the free market should include kidneys? You've said human rights begin at conception. But fertility clinics create excess embryos that are frozen and often discarded, which you've favored using for research. So are some embryos more equal than others...
...very heart of the tumult that is love: "The rushes had stopped nodding, the breeze had stopped blowing through our hair, the stream had stopped flowing, the curdled clouds had stopped drifting overhead, the bird had stopped its call, the two children on the opposite bank had frozen in mid-gesture...