Word: nears
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...Says Lars Christensen, chief emerging markets analyst at Danskebank: "If this serious crisis is allowed to run its course without outside intervention, it could be near catastrophic for the region and the impact on the Western European banking system is significant...
Investors have deserted GE's stock over the last week like draft dodgers fleeing to Canada. The firm's shares fell more than 20% over the five trading days, and now sit near a multi-year low of just below $9, 25% of its 52-week high. Even though GE's financial services operation is only one of many parts of the company, its shares have done much worse over the last year than JPMorgan (JPM) or Goldman Sachs (GS). It is as if GE's large and healthy infrastructure business did not even exist...
...According to CNBC, AIG is about to post another huge loss. "Sources close to the company said the loss will be near $60 billion due to writedowns on a variety of assets including commercial real estate." The financial channel also reports that the need for capital may be so great that AIG might have to enter Chapter 11, something the government has spent over $130 billion trying to prevent. (See pictures of the Top 10 scared traders...
...incident at Quincy House occurred near the House Grille at 3:20 a.m. on Saturday night and involved Quincy resident James H. Bailey ’09 and an unidentified Quincy sophomore...
...response to a colleague who believed wasps to be mechanical rather than conscious beings: “Good heavens, is it disputed that a wasp has this much intellect?” Darwin was also intensely interested in the consciousness of other humans, including children and indigenous people. Near the time Darwin wrote about the free will of oysters, he was intrigued by his indigenous companions who attributed free will to a pot that would not boil potatoes in high altitude. Beer connected Darwin’s imagination and science with fictional narratives, for which...