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Still, Arnuk says the problem isn't resolved so long as exchanges are making markets more opaque and multi-tiered than ever. "If small investors and if long-term investors - and by long-term investors, I mean longer than a few seconds - if long-term investors don't have confidence that they're on [a level] playing field with giant supercomputers ... How are they going to feel about owning equities? That's the real scare...
...that doesn't mean there aren't grim pockets elsewhere. By the end of March 2011, Deutsche Bank projects, 65% of borrowers in the Chicago metro area, 71% of those in the Baltimore and Portland, Ore., areas, and 77% in greater New York City will be underwater. On paper, that might look a lot better than the 93% Deutsche Bank is expecting for Fort Lauderdale, Fla., and the 92% figure for El Centro, Calif. But to the people living in those houses, unable to move, the relative good fortune will likely be little consolation...
...problems stem from Areva's impossibly low bid. "Though getting the world's first third-generation reactor completed will give Areva some big advantages over rivals, the Finnish project has cost it a lot in terms of credibility, and a lot of people are looking on saying: 'You mean if you ever complete it,' " says Barnett. "Westinghouse will complete its third-generation reactor in China later, but it will be able to say it did so on time and on budget...
Give up? I didn't know what to say. She was in her forties, or fifties maybe, and had spent a decade working on this novel. I wanted to shake her. I mean, what the fuck do I know? I'm just an intern. I don’t want to be responsible for crushing her dream, for crushing anyone's dreams...
...position to lend support to Moscow's attempts to keep Ukraine close, given its claims to spiritual authority over Ukrainian territory. "Our historical past is here, and our future will to a large extent be decided here," said Kirill on Ukrainian national television on July 28. "By our, I mean all of us, people who belong to the one civilization of ancient Rus." (Watch a video about a Russian roadtrip...