Word: lende
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...currencies from appreciating too much against the dollar, emerging nations continue to buy increasingly large amounts of U.S. debt. This provides the U.S. with an indirect funding source to prop up its banks and brokerages, but it's a compromised solution. After all, the willingness of central banks to lend almost without limit to America helped create this mess. Cheap money from abroad suppressed U.S. long-term interest rates, helping to set the stage for the housing bubble and its catastrophic collapse. Continuing such inappropriate monetary and exchange-rate policies feeds more asset bubbles in emerging economies as well...
...movie beats down even the most stalwart viewer's resistance, in a Guantánamo of giddiness. The supporting actresses help out. Baranski, slim and large-mouthed, and Walters, wizened and hiding behind shades, might be Mick and Keith in a Rolling Stones girl tribute band, and they lend all their show-biz savvy to vivid renditions of, respectively, Does Your Mother Know and Take a Chance on Me. Seyfried, from the HBO series Big Love, is in full control of Sophie, the film's one sensible character. And Streep comes back to earth in a handsomely calibrated rendition...
...Imperial Bodyguard Band, the Army Band, the Selassie Theater Orchestra or the Municipality of Addis Band. After Italy's brief occupation ended in 1941 - Ethiopia is the only country in Africa that has never been colonized - the country began to open up to outside influences under Roosevelt's lend-lease program. Thanks to visiting teachers and a new American army base in Asmara, Glen Miller gained a lot of fans there. Then in the 60's, JFK's Peace Corps volunteers arrived carrying new vinyl and whole new generation's worth of attitude and beats...
...answers to these questions don't lend themselves to easy policy prescriptions. But the best available evidence suggests that the threat posed by bin Laden's acolytes hasn't been extinguished - and his own influence over them is greater than many analysts acknowledge. In his old stamping grounds, the jihad is stronger than at any time since he fled from the Tora Bora mountains in the winter of 2001. The Taliban is resurgent in Afghanistan, and in Pakistan militant groups have grown so aggressive that in late June they even threatened to take over a major city - Peshawar, once...
...making bets. At Lehman Bros., trading and investing on the firm's own account contributed about 60% of its $6 billion in pretax profits last year. Key to these profits is leverage, a.k.a. debt. But with high leverage comes high risk. If your investments go sour or nobody will lend to you, your business can evaporate in a matter of days. That happened to hedge fund Carlyle Capital in early March. Then lenders and customers cut off Bear Stearns...