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...here's the beard, the goatee, his eye, I think that's his eyebrow, this sorta looks like a mole...") before you burst into laughter. The second reaction is something akin to, "How long did it take this person to find all these clips and splice them together?" Reaction number three is obvious - mockery. But the fourth response is the most surprising. A sense of...pity? No. More like empathy for these poor news folk, who probably want nothing more than to expose corrupt assemblymen or be first on the scene for the next big meth lab bust...
...under a program backed by the U.S. government. That means GE is very close to its goal of raising the $45 billion it wanted to get from the debt markets this year. GE also benefited when a skeptical analyst said that a recovery in the financial market held a number of benefits...
...been lobbying furiously to alter the accounting requirement that forces it to continue to lower the value of those assets, even though many of the loans that back those bonds have yet to default and perhaps never will. Those losses are amplifying the bottom-line losses at a number of the nation's largest banks, wiping out their capital and putting them ever closer to collapse...
...growing number of regulators seem to think some relaxation of the rules may make sense. The top U.S. banking supervisor, Comptroller of the Currency John Dugan, tells TIME he is in favor of letting the banks mark back up the value of some of their toxic assets. "I think there are some changes that ought to be made," Dugan says. Mark-to-market accounting is a problem, he says, for illiquid assets because "those things have just stopped trading altogether." Dugan does not support doing away with mark-to-market entirely; not even industry lobbyists want that. But his deputy...
...Although policing still remains a divisive issue in Northern Ireland, the rebranding of the RUC into the Police Service of Northern Ireland (PSNI) in 2001 changed the image of law enforcement dramatically. A policy of positive discrimination has seen the number of Catholic officers jump from less than 3% to over 20% in five years. The force has also launched recruitment drives to attract more women and ethnic minorities. Members of Sinn Fein, the republican political party with close links to the IRA, now sit on Northern Ireland's Policing Board. Monday's shooting, therefore, was both an attack...