Word: lowing
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...take them over. The list for the final quarter of 2008 had 252 banks on it. This figure was up nearly 50% from the previous quarter, but given that some of the nation's largest banks seem to be on the brink of failure, the number 252 seems unexpectedly low...
...industry will not have such a bad year. The FDIC may not even have to go to the Treasury for the extra capital that might be needed as problem banks fail. No matter what the agency says about its list, the actual figure for problem banks is much too low. The FDIC can claim that it historically accurate measurements, but most financial history is useless at this point. Even well-known economists grasp for examples of periods that are comparable to current conditions...
...Perhaps the main reason that people lose faith in their governments is that they believe the people in charge are either incompetent or dishonest. The average person must wonder whether anyone is in charge when the forecasts of bank failure rates are unbelievably low at the same time that the Administration is debating whether it may have to nationalize Citigroup (C) or Bank of America...
OLPC was launched three years ago to provide children with “rugged, low-cost, low-power, connected laptops with content and software designed for collaborative, joyful, self-empowered learning.” The machines—called “XOs”—run without electricity and rely on hand cranks for power. Since its beginning, OLPC has distributed about 500,000 XOs in 31 countries. Even better, for $399, a consumer can simultaneously purchase an XO and donate one. OLPC also receives major ad time from worldwide corporations like News Corp, CBS, and Time...
...it’s so diverse,” and “Expos rocks.” The students’ protest stemmed from allegations about the HEI’s treatment of workers, and in particular accusations of high worker injury rates, anti-union intimidation, and low wages, according to John F. Bowman ’11, one of the protest’s organizers. Bowman said that Harvard has at least $69.9 million invested in HEI, though the actual investment may be larger. The students launched the protest following a joint meeting with Yale and Brown...