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...Court in lower Manhattan is bracing itself for a large crowd of Madoff victims to witness Thursday's hearing firsthand. The court is preparing two additional overflow courtrooms with television monitors and additional guards to accommodate up to 300 people, according to the judge's spokesperson. (See the top 10 scandals...
...That's why the banking industry has been lobbying furiously to alter the accounting requirement that forces it to continue to lower the value of those assets, even though many of the loans that back those bonds have yet to default and perhaps never will. Those losses are amplifying the bottom-line losses at a number of the nation's largest banks, wiping out their capital and putting them ever closer to collapse...
...question - and the results are sobering. Scientists at the Climate Change Congress in Copenhagen this week presented a study estimating that sea levels could rise globally by 1 m or more by the end of the century, with large regional differences around the world. At the lower end of the estimate, scientists say it's unlikely that seas will rise less than 50 cm even if we can get a grip on carbon emissions. The revised predictions are due to better data on melting in Greenland and Antarctica and from glaciers around the world, which are pouring water into...
...every employee in insecure industries has such a gloomy view, Burchell says. Entrepreneurs seem to thrive. In general, women fare better too. While reporting higher levels of anxiety than men when directly questioned, women scored lower in stress on the GHQ 12, even when they had a job they felt insecure about losing. As Burchell explains, "For women, most studies show that any job - it doesn't matter whether it is secure or insecure - gives psychological improvement over unemployment." Burchell hypothesizes that the difference in men is that they tend to feel pressure not only to be employed, but also...
UPDATE: And, we were right. Ratatat is basically a lower-key version of Girltalk, although they do create their own beats. Hopefully the electropop duo will stay on stage a bit longer...