Word: glassing
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...During the dinner party that opens the movie, the couple's pompous writer friend Sam (Mike Binder) hoists his glass to Pippa and describes her as still an enigma after 25 years of friendship. Sam's sense of Pippa as enigma probably has a lot to do with the fact that she's never been interested in sleeping with him, but he raises a fair point. Pippa and Herb recently moved from New York to a cloistered Connecticut retirement community, and the high point of Pippa's day is monitoring Herb's blood pressure. Most women in their...
Historian H.W. Brands of the University of Texas points to the demise of the Glass-Steagall Act in 1999 as an unfortunate tipping point of deregulation. Glass-Steagall, passed in 1933, separated investment banking and plain-vanilla banking, which some experts argued made markets safer. (Certain restrictions of Glass-Steagall were repealed to allow the merger of Citicorp and Travelers. Let's just say that didn't end well.) "That was the single moment when the seeds for the bad stuff were planted," says Brands. "There was a belief that technology, the Internet and financial instruments had changed things...
...Wall Street? By facing the music now. Toughen up borrowing requirements by banks. Increase oversight, especially when it comes to regulating derivatives. Perhaps enact a 21st century version of Glass-Steagall. And don't allow any institution to become too big to fail. Does that mean some countries may get ahead of us in terms of financial innovation? Sure, but so what? For much of this decade, both England and Iceland were considered friendlier to capital markets than the U.S. England is now threadbare; Iceland is bankrupt...
...from beyond the arc, Sacred Heart’s aggressive rebounders also plagued Harvard. Although the Crimson dominated the boards in the first half, grabbing 21 rebounds in comparison to its opponents’ 11, Sacred Heart reversed the roles in the second half, pulling down 25 off the glass, compared to the Crimson’s 14. Overall, the Pioneers held an edge in rebounds, 36-35, at the end of regulation...
...finds its way to minority communities, since much of today's economic disaster can be traced to those areas being lavished with subprime mortgages. Despite recovery.gov, the federal website designed for tracing stimulus outlays, Powell argues, "We need to put how this is playing out under a larger magnifying glass, make it more transparent." If not, he warns, "we'll have the irony of the first black President presiding over the greatest economic restructuring in decades, but it could actually end up worsening the racial disparity." Whether or not that's an exaggerated warning, heeding it could help Obama ensure...