Word: gettinger
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LaRoe started getting calls immediately. People who had pledged to invest half a million dollars were dialing back to $200,000. Those who had been offering $200,000 were opting out altogether. Throughout the fall, the hits kept coming. Washington Mutual collapsed. Wachovia was sold off. Treasury Secretary Hank Paulson...
But banks also borrow on wholesale markets, mainly by issuing bonds. About $2.6 trillion of bank funding in the U.S., 20% of the total, comes from such debt securities, according to the FDIC. At the most troubled of the big banks, Citigroup, the figure is 27%. (Citi's domestic depositors...
Consequently, California's almond growers are getting stung. Dave Phippen, a partner in his family's farm in nearby Manteca, just paid $150 per hive to a Texas supplier. "If we didn't put any bees out here, I think we'd have a crop failure," he says, "and I...
What can we nonexperts do? Get a flu vaccine every year. No shot is 100% effective, but getting vaccinated gives you a good chance of lessening your symptoms--and thus your infectiousness--should you get slammed with the oseltamivir-resistant strain. There's also hope that a promising antibody--which...
Branding endangered species rankles some greens, but Michael Bean, chief of the Environmental Defense Fund's wildlife program, sees it as a positive trend as the list of imperiled animals grows and other funding falls. "Potentially, it can do a lot of good," he says, "as long as there are...