Word: nearings
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...stress tests "would be good news if it were credible," but it's not. He points to the recent IMF report that estimated $2.7 trillion in U.S. loan and security losses, and his own estimate of $3.6 trillion for the same potential losses. "The financial system is currently near insolvency," he concluded. Bernanke disputes the numbers, saying banks have "taken significant write-downs, they have reserves and there are substantial earning capacities." But Roubini is not alone in questioning whether the government used appropriately pessimistic assumptions in conducting the stress tests, especially as the financial sector faces a potential flood...
Across the bridge, near Grand Central Station, the brand-new Golosi (Italian for "gluttons"), which opened in April, serves pizza along with its most beloved Italian cousin, gelato, in 28 house-made flavors - including the creamy, addictive nutella. The pizza "pies" are shaped like small surfboards, with crusts mixed from imported Neapolitan flour and sinful strutto, a rendered pork fat. Once sauced and baked, they're sold by the inch - 99 cents to $1.50 per inch, three-inch minimum. Early hits include the mozzarella-only Biancaneve...
...Bargain-basement housing is a departure for Tata, which previously has developed luxury apartments costing upwards of $220,000, along with office complexes and shopping malls. The property company is planning to build 4,000 of the low-cost homes across India over the next four years. Projects near Bangalore in the south and Gurgaon in the north are the next destinations...
...Swimming in Inya Lake near Suu Kyi's home is banned, and the opposition leader is rarely allowed any visitors, apart from her doctor. Roadblocks often discourage passersby and people who do manage to get near the front gate are usually photographed by security personnel. No previous successful attempt of someone sneaking into her house from the lake has ever been reported...
...junta. Evading the patrols in Inya Lake may be the only way to find out, but security has already been tightened around her home. After the American's arrest, a troop of police barged into the opposition activist's home and more road blocks were placed near her compound. The Lady shouldn't expect any more surprise guests...