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...secondly, there's a ripple effect. Just speaking about Pimco's general portfolio strategy, we've sold our agency mortgage securities, Fannie and Freddie, in the billions to the willing check of the Fed. They're buying a trillion dollars of them, or have over the past nine to 12 months, and so we sold them a lot of ours. Now, what did we do with the money? We bought Treasuries, we bought corporate bonds, and so the bond markets in general have benefited, as have stocks, because this available money effectively flows through the capital markets...
...attorneys who brought the case, led by former U.S. Solicitor General Theodore Olson and famed litigator David Boies, are confident their timing is right. "We consulted and researched in depth," Olson wrote in an e-mail to TIME. "We concluded that we had/have a reasonable chance of success. Our clients were made fully aware of the risks and chose to go forward. For them, the status quo is already failure. We had every reason to believe that someone was going to bring this case in any event - without the resources or experience that we can assemble. The State Attorney General...
...some statistics to show how a lot of young people's marriages end up in divorce. In general, do you think people under 25 shouldn't get married? What I think is amazing is not that 85% of people who get married under the age of 25 get divorced, it's that 15% of them stay together. How did they manage to pull that off? You almost can't wait too long. It's the single simplest measure to predict divorce...
...proclaimed it "the right war" on the campaign trail, Obama initially sought to lower the benchmark of success to avoid nation-building or expansive counterinsurgency and instead focus narrowly on preventing al-Qaeda from restoring its presence there. But the commander he appointed to take charge of the war, General Stanley McChrystal, warned the White House last summer that the U.S. side was losing in Afghanistan and requested tens of thousands more troops to stop the Taliban's advance. After months of internal debate, Obama opted to send reinforcements, with the hopelessly optimistic caveat that they would begin to come...
...leave some of the tired words and phrases of 2009 in the past. At least that's the theory of the wordsmiths at Lake Superior State University, who released their 35th annual (deep breath) List of Words Banished from the Queen's English for Mis-use, Over-use and General Uselessness...