Word: highers
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...investing certainly played a big role in the financial crisis. Bear Stearns, Merrill Lynch, Lehman Brothers, UBS and Citigroup all had large amounts of mortgage bonds or real estate investments that they had parked on or off their balance sheets - but were responsible for. They were chasing the same higher yields that all their investing clients were. Those investments comprised the greatest part of those firms' write-offs. Those weren't client-driven trades. They decided to take them themselves. The idea that proprietary trades were a trivial part of the losses at the banks is just not realistic...
...pressures on Chinese President Hu Jintao and Premier Wen Jiabao are overwhelming. They are white-knuckling their way through their final two years in office, focusing on 8% or higher growth and crushing any dissent that could derail it. The Chinese people are generally pretty happy, but the Party leadership is terrified of their outsized expectations. People under age 40, the progeny of the one-child policy, didn't live through Maoist poverty and upheaval. They are pampered, impatient and demanding. They consider exponential growth as a basic benchmark of life, and access to information to be a civil right...
...survey, children and teens are now using their phones, computers, TVs and video-game systems for a total of 7.5 hours a day, or 52.5 hours a week. (The authors explain that multitasking and dual-use devices--like cell phones that play video--push those figures even higher.) In the past decade, music listening has increased the most, up nearly an hour per day. The only leisure activity that has become less popular is reading...
Estimates of the January earthquake’s death toll place the figure around 200,000, though the final number may be even higher. But Baptiste said Friday that the consequences of the earthquake reverberate beyond the bare statistics and the country’s borders...
...course, what makes this fight in a San Francisco courtroom so special is that it's not just a fiery classroom debate over theology, but a fight over evidence that will be used by lawyers on appeal to convince higher courts that the prohibitions against gay marriage are illegal under the U.S. Constitution. Pizer, the gay-rights lawyer, says that has been the key to Olson and Boies' strategy throughout the trial. "The presentations are a combination of evidence that relates to the elements of the particular legal tests and also compelling narrative that shows who gay people are, which...