Word: holdes
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...hundreds of billions of dollars, perhaps trillions--are worth far less than their stated, or par, value. How much less is central to resolving the financial crisis. In early February, Treasury Secretary Timothy Geithner said he wanted to start a public-private partnership to buy up toxic assets. Banks hold tens of billions of dollars in mortgage bonds, and as the bonds fell in value or were wiped out completely, they erased precious capital the banks need to survive. Geithner and others believe that rescuing banks from these bonds will save them. To do that, the bonds have...
...otherwise breezy power pop of "I'll Go Crazy if I Don't Go Crazy Tonight," the rock star can't resist intruding with a lyric that first appeared as a pull quote in several of his magazine profiles ("The right to appear ridiculous is something I hold dear"). After a few albums of disciplined universality and lyrics everyone can relate to, the man has earned the right to sing his life, and plenty of people are interested in the thoughts of the philanthropic and famous. But the pleasures these moments provide are at best voyeuristic; they create distance between...
According to the study, 74% of Indians, 65% of South Koreans and 56% of Americans hold an old-fashioned Freudian view of dreams: that they are portals into the unconscious. (See the top 10 scientific discoveries...
...sold by Vestas, the Danish company that has emerged as the industry's top manufacturer around the globe. The work is both gross and fine; employees weld together massive curved sheets of steel to make central shafts as tall as a 14-story building, and assemble engine housings that hold some 18,000 separate parts. Most impressive are the turbine's blades, which scoop the wind with each sweeping revolution. As smooth as an Olympic swimsuit and honed to aerodynamic perfection, each blade weighs in at 15,400 lbs. (7,000 kg), and they're what help make Vestas' turbines...
...ancient hills of Lebanon hold little charm for Abdullah Sulhani and his family. Though they live just a bus ride away from some of the most pleasant countryside on the eastern Mediterranean, they don't dare go out for a picnic or family day trip. This is an exaggerated reading of the risks of living in Lebanon - a turbulent country no doubt, but one which, when not a war zone, is the vacation destination of choice for the Arab world. Sulhani, 85, is Palestinian, though, and his family lives in Shatila, an impoverished refugee camp on the edge of Beirut...