Word: nextly
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...European Union released a set of guidelines for manufacturers on Sept. 29 that will lower the default maximum-volume level on iPods and other portable music devices within the next two years. For some, this is nothing new - France already caps the decibel level on portable music players sold in the country at 100. But some devices are able to play as high as 120 decibels - a noise level equivalent to that generated by an airplane takeoff. So why is the E.U., like your nosy next-door neighbor, trying to force you turn down that racket? (See the 100 best...
...billion in cash, an amount it normally would've had to wait years to get its hands on. But in a quirk of accounting rules, the banks won't have to expense the upfront payments this year, even though they will be handing over the cash in the next few months - in amounts that could run into the billions of dollars for some banks. The FDIC says the move will solve its liquidity problems - the FDIC officially slid into the red this week for the first time since 1991. But it's not certain whether the plan will boost confidence...
...FDIC's second option is to borrow money from the Treasury Department. This is well within the rules of the FDIC. The agency has a credit line with the Treasury to tap as much as $500 billion in emergency capital through the end of next year. But the FDIC is worried that if the agency, which has always been privately funded through bank assessments, borrowed money from the Treasury, it would look like a new bank bailout, eroding the sliver of confidence the public has regained in our nation's banking system in the past few months...
...works out nicely if the prepayment actually covers what the FDIC needs for the next three years," says veteran bank analyst Ed Narjarian of the ISI Group. "But more than likely, the FDIC is going to be back for more before the three years...
...survey, investors were split on how much longer they think the recession will last, with about half saying they think it will end in the next year, 22% saying it will last another two years and 25% feeling it will stretch out beyond two years...