Word: highs
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Dates: during 2000-2009
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...Robert Pattinson, who co-stars in the films, told TIME, straining to be heard above the screams from fans barricaded only feet away. "I don't know how the Beatles felt, but this is kind of ..." he trailed off as rows and rows of mostly teenage girls maintained their high-pitched din, one noticeably bursting into tears at his presence. "I think very few human beings can ever get this same feeling...
Many credit BABs with reviving the muni-bond sector. Since the program was announced in mid-February, muni-bond interest rates, which are what local governments have to pay to borrow, have fallen dramatically. The typical municipality is now paying 3.7% when they issue a bond, down from as high as 4.5% in January, before the BABs program was announced, according to Barclays Capital. Some of the drop in yields reflects the improvement in the economy in general, and the easing of the credit crunch. But muni-bond-market observers say BABs have played an important role as well...
...pension funds and other nonprofit (i.e., tax-free) investors. And that new demand is driving down the yields on traditional muni bonds because there are relatively fewer of them issued. BABs, unlike traditional munis, are taxable. For most individual investors, the interest-rate difference is a wash - a high net worth investor would owe the extra yield they get from the BAB back in taxes, so they'd wind up with roughly the same after-tax yield as if they had bought a lower-yielding tax-free muni...
...ecstatic about the decision, because it meant the honor wouldn't go to a Chinese dissident. Now human-rights activists wonder if Obama will use the bully pulpit of the prize to push for the release of dozens of jailed activists being held throughout the country. Expectations aren't high. In February, Secretary of State Hillary Clinton said the U.S. wouldn't allow human rights to derail cooperation with China on issues like climate change and rebuilding the global economy. Then last month Obama decided to postpone meeting with the Dalai Lama, the exiled Tibetan spiritual leader, until after...
...times in Chinese real estate could turn ugly. Louis Kuijs, a China economist at the World Bank in Beijing, commented in early November that even though Chinese policymakers may not need a "major tightening" right away, "risks of asset price bubbles and misallocation of resources in the face of high liquidity need to be mitigated." Kuijs concluded that "the overall monetary stance will have to be tightened eventually." Beijing's big test is to make sure that doesn't happen too early - or too late...