Word: lowing
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Citigroup shares are going up every day now, gaining 23% yesterday. So far, the stock has gone from a low of $0.97 to $3.20 in just a few weeks...
...love the Web, of course, and fully expect it to continue as the free repository of all information. As a Database of Everything, it is the crowning achievement of civilization. And I absolutely believe that it's possible for certain kinds of low-overhead content producers to eke out a living here, attracting enough audience to generate modest ad revenue. So far, this has worked best for curators, scavengers and commentators - the three pillars of the Temple of Blog - and others who purvey short-form stuff...
...were collecting on the insurance-like derivatives. AIG paid out an additional $43.7 billion to many of the same banks, which were also customers of the securities-lending operation run out of AIG's insurance division. In this case, AIG managed to take a business specifically designed to be low risk, low return and amp it into another dicey venture - with taxpayers on the hook...
...borrowers who need the shares to fulfill other commitments. For instance, if hedge funds want to sell shares short, they borrow them, putting up cash collateral that includes a small spread to the lender. Typically, the owner of the shares takes that collateral and invests it in something with low risk and of short duration, like commercial paper. The lender is exposed to some risk, but it usually isn't catastrophic. However, AIG took the collateral and invested in longer-term, higher-risk mortgage- and asset-backed securities. "Crap," as a portfolio lending expert describes them. When those securities crashed...
...come to the Quad sober, there’s one thing every incoming sophomore should be acquainted with: their house’s party suite. FM has compiled a list of the best and the brightest in each house for your convenience. While any of Mather’s low-rise suites could host a good party, none of them stand out from the pack. Leverett is also excluded from this list because Harvard’s biggest house is all about quantity, not quality.Quincy: The Balcony SuiteTake the elevator in New Quincy to the third floor, where you?...