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That leaves the commercial mortgage-backed securities and other asset-backed securities that were once AAA-rated but have since been downgraded. Those toxic assets will be sold, Treasury hopes, by at least five still untested public-private investment funds that will be created through open bidding among investment banks. Those assets, according to TIME's calculations, amount to about $37 billion on banks' books...
...decided that such a practice is not compatible with the canton's conservative ways. It has drafted a law that would ban public nudity, subjecting offenders to a $160 fine. The proposed legislation will be submitted to a popular vote on April 26, during Appenzell's annual Landsgemeinde, an open-air assembly in the town's picturesque main square, where all eligible citizens vote, by show of hands, on local laws and budget issues...
...electorate, the law may prove difficult to implement, says Daniel Kettiger, a legal expert on public administration and management who has been following the Appenzell debate. The proposed legislation, he points out, would prohibit "misbehavior in public places" but would not specifically target nudity, "so its interpretation will be open-ended, because a nude hiker is not necessarily unruly...
...Other places like, say, Afghanistan. At the NATO meeting, Obama is widely expected to ask for more European assistance in Afghanistan, and Chacón herself, who in December lifted Spain's 3,000-person ceiling on troops abroad, has made it clear she is open to the request. (Vote for the 2009 TIME 100 Finalists...
...government must try to rescue the economy. Former-national bank governor Gyorgy Suranyi and academic Ferenc Glatz have both been mentioned as possible caretaker premiers. Or the country might decide to go to the polls early which would open the way for the rightwing Alliance of Young Democrats (Fidesz) party to gain power. Though Fidesz leaders are publicly calling for an early vote, they may prefer to wait until next year. "Fidesz's rhetoric is that they desperately want elections, but they are afraid of the job," says Political Capital's Szabados. "If they win early elections, they will have...