Word: lightness
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Three days was all it took in 1995, after the bank-busting deals of rogue trader Nick Leeson had come to light, for the venerable Barings Bank to file for bankruptcy and forever vanish. Managers at France's Société Générale may well be wondering why their agony endures, a week and counting after a far bigger scandal that cost it $7.13 billion to unwind - and that subjected its risk control procedures to public mockery. Yet the end is still not in sight. The SocGen's board of directors, meeting in emergency session, left...
...report issued last month by the D.C.-based NAFSA: Association of International Educators said that there existed “potentially questionable financial arrangements between institutions and program providers and questionable credit-transfer policies,” and brought to light issues regarding “the challenge of integrating study abroad into all aspects of an institution, and the unique risk-management and quality-control issues inherent in study abroad...
...Light tuna is low in mercury, compared with white (albacore) or red (bluefin) tuna. On average white tuna has three times the mercury as light tuna. But on average white tuna has three times the omega-3s as light tuna - and all the evidence that we can see suggests that omega-3s have more benefit than mercury has harm...
YOUR HOME: Go hunting. The number of homes sold is down--probably 13% for all of 2007--but if you're on the buying end, you might have some luck. That's especially true in light of interest-rate cuts; the average 30-year mortgage now goes for 5.57%, according to Bankrate.com near historic lows. Mark Johannessen, managing director at the asset-management firm Harris SBSB, says to consider refinancing if you can save more than half a point. And if you're in an ARM, think about moving to a fixed-rate for peace of mind in an economically...
...pages of the Tintin children's comic books are not where you would expect to find drug dealers cast in a favorable light. But in Cigars of the Pharaoh, our cowlicked protagonist owes his life to a passing sea captain, who rescues him and his faithful fox terrier Snowy from the Red Sea, into which they have been thrown overboard. That captain was based on the real-life French adventurer, hashish smuggler and sometime opium grower Henry de Monfreid - and the recent reissue of De Monfreid's beguiling 1933 memoir Hashish: A Smuggler's Tale is a cause for rejoicing...