Word: hazardous
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Algal blooms are a common and often menacing event along many U.S. coastlines. Some strains are toxic and can close beaches and poison seafood, posing a hazard to consumers. The National Oceanic and Atmospheric Administration (NOAA) maintains a forecasting system for the Gulf of Mexico to warn of harmful Florida blooms. On Thursday, on the other side of the continent, Senator Olympia Snowe, a Maine Republican, urged the NOAA to direct at least $500,000 to assess a disastrous red tide - a form of algal bloom. "The state of Maine is currently besieged by the most virulent red tide event...
...teachings of Islam. Sexual Harassment: Causes and Solutions, which was distributed to 50,000 imams nationwide, lists five causes of harassment, including weak religious awareness and mental and cultural emptiness. It also suggests ways to tackle the problem. "When the imams realize that sexual harassment is a social hazard, and they understand the reasons behind it, then they start spreading the message," says Salem Geleil, Egypt's Deputy Minister of Endowments and the booklet's editor. "Egyptians are very religious ... So when you approach a cause from a religious point of view, the response is very strong...
...command center to ensure what she hopes will be a "peaceful, well-run, seamless operation," she and her colleagues will have to come up with an answer to how the cash-strapped City of Los Angeles will eventually foot the event's large public bill. The councilwoman would not hazard a guess of what the memorial would cost, but she did use last month's Laker Pride parade as a yardstick, which was estimated to run a tab of about $2 million. Other estimates listed the Jackson total price tag at $2.5 million. (See the top 10 Michael Jackson moments...
...What I have seen is that government insurance programs are high-risk," said Lockhart. "It is often difficult in a political environment to calculate or charge an actuarially fair price." It is essentially a moral-hazard argument. Lockhart believes that the government will never be able to accurately price the guarantees that Fannie and Freddie offer mortgage lenders and investors. And as long as the government is offering that insurance too cheap, banks will be encouraged to make loans they shouldn't. And that will lead to more losses for Fannie and Freddie down the road...
...want to hazard a guess at which luxury brand might be next to stumble, take a quick spin around the second or third floors of New York City's Bergdorf Goodman department store. There you will find racks upon racks - sometimes, entire collections - of designs by Marc Jacobs, Chanel, Dior, Armani, Thakoon and Alberta Ferretti marked down 40%. What's impressive is not only the steep markdowns, but also the sheer volume of merchandise that remains. In some cases, every size of a silhouette is still available, indicating that not a single shopper bought the look...