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...time of pessimistic forecasts and rising fear, many toxic assets are probably worth more than the bank models or credit-default-swap indexes suggest. For example, a recent reading of the ABX index puts the value of even the highest-rated subprime mortgage bonds created in 2007 at only 27% of their precrunch prices. Yes, Americans are behind on their mortgages, but even the most pessimistic prognostications do not predict that 73% of home loans will become worthless. (See pictures of the dangers of printing money...
...which students choose to divert themselves is not an arbitrary and meaningless decision, but rather intimately related to their highest aspirations, principles, and conception of the good life...
...Becoming a National Security Fellow is an intensely competitive process. As officers in the military round out the 20-year mark, a few are selected by a board of their superiors to go on to top-level education to learn about how policy is formed at the highest echelons. While most attend colleges run by the military, a few of these officers are given the opportunity to complete their study at civilian institutions like Harvard, Johns Hopkins, or Georgetown...
According to the new report, the states with the highest number of homeless children in the period studied were Texas (337,105), California (292,624), Louisiana (204,053), Georgia (58,397) and Florida (49,886). The states reporting the smallest populations of homeless children: Wyoming (169), Rhode Island (797), Vermont (1,174), North Dakota (1,181), and South Dakota (1,545). However, the report also ranks the states according to parameters that go beyond their share of homeless children, factoring in, among other things, incidence of such health conditions as asthma and tooth decay. With that framework, Connecticut, New Hampshire...
...signs are that it's got even further to go. On Friday, Minnesota's highest court refused Franken's request that Governor Tim Pawlenty and secretary of state Mark Ritchie be forced to award him the coveted election certificate, which, according to Senate rules, is necessary to seat a candidate. The ruling virtually ensures that the legal wrangling will continue for several more weeks and - if Coleman chooses to appeal the case, possibly to federal courts - perhaps even months...