Word: fulle
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...banks have only minimally written down the value of these troubled loans, and once they hit the marketplace they could be valued much lower. Geithner's plan offers cheap loans to investors to try to entice them to pay handsomely for these loans, but investors are unlikely to pay full price or even close to it. So in order to sell the loans banks will have to recognize losses that could run as high as $200 billion for the sector in general. "The gap between bank marks on these distressed [loans] and their economic value appears to be too wide...
...mind academic and community commitments.Harvard’s endowment, totaling nearly $37 billion last June, lost at least an estimated 22 percent of its value in the four months ending Oct. 31, according University officials. Harvard planners have said they are anticipating a 30 percent decline for the full fiscal year, although some reports have speculated that losses could be even greater.While Harvard has “robust credit strengths” and maintains a $2 billion line of credit from a consortium of banks, Moody’s said the University’s liquidity position has suffered...
...altogether and target different parts of the brain for different smell and taste sensations,” Zhou said. “People would wear a helmet. There could be a pole attached to the ceiling. It would be like bumper cars.”They envisioned a room full of bubbles in which people could simply open their mouths and taste everything from rhubarb pie to artichokes as the bubbles popped. But the bubbles’ lipid membranes were too weak to support imbedded particles. They tried tea. They tried mint. They tried a chocolate hookah?...
...1980s, the war on drugs was in full swing, as the crack epidemic threatened to overwhelm American cities' criminal justice systems. Drug crimes had become increasingly violent, prompting calls for even stricter mandatory minimum sentencing laws. In 1986, the Reagan Administration passed a law requiring federal judges to give fixed sentences to drug offenders based on variables including the amount seized and the presence of firearms...
...five-day war against Russia for control of South Ossetia. Georgia, whose bid to join the Alliance had been strongly backed by the U.S., was viewed by many Western officials as having provoked a senseless fight that would have obliged NATO to get involved had Georgia been a full member. Last summer's confrontation put Georgia's prospective membership in the deep freeze, as well as that of Ukraine, whose accession to NATO would also be taken by Moscow as provocation. Moreover, NATO's passivity in the face of Russia's pummeling of Georgia would have left member nations along...