Word: owings
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...their money because of bad judgment about what to invest in? Can I get bailed out when my portfolio tanks? It's a variant on the old saw (often attributed to J. Paul Getty, although I'm sure somebody must have said something like it before him): "If you owe the bank $100, that's your problem. If you owe the bank $100 million, that's the bank's problem." Leveraged financial institutions (banks, investment banks, hedge funds) make investments with lots of borrowed money, so when their portfolios tank they can quickly get into a situation where they...
...more than they had originally bargained: In an agreement announced Sept. 23, the music industry said it planned to adopt a sliding fee scale for free-music-streaming sites; instead of the 9.1 cents per song that is currently paid to songwriters, composers and producers, streaming sites will now owe about 10.5% of their overall profits. For listeners, however, the music will still be 100% free...
...said he complained to prison officials about being lumped in with common criminals on his historic release, and that he felt sad for those who remained behind. "I did not accept their terms for the amnesty. I refused to be one of 9,002," he said. "They owe me a few years." He added that no conditions had been attached to his release...
...marshes are gone. Every hour, Louisiana loses more than a football field's worth of the wetlands that once provided natural hurricane protection. The lesson of Gustav, in other words, is that the lessons of Katrina still apply. "Coastal restoration is one of those things politicians say, like 'I owe it all to my lovely wife,'" says Tulane law professor Oliver Houck, who has been warning about land losses for decades. "Meanwhile, we keep building up the coast, no matter how many times we get hit in the chin. At some point the American public is going to stop paying...
...books to divert sediments, restore marshes and rebuild barrier islands. But those projects are moving much, much slower than the levee projects, and scientists have estimated that real restoration could cost $20 billion or more. "Coastal restoration is just one of those things that politicians say, like 'I owe it all to my lovely wife,'" Houck says. "Meanwhile, we keep building up the coast, no matter how many times we get hit on the chin. At some point the American public is going to stop paying for chin surgery...