Word: ownerships
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Before we get into the details, it's worth going over the difference between stocks and bonds. When you buy stock, you get part ownership of a company. If it does well, you share in the gains. If it flounders, you lose money. Bonds, on the other hand, represent a promise from a company or government or other borrower to pay you back, with interest. When you buy a bond, you're making a loan. Sometimes bond issuers (a.k.a. borrowers) renege on their promises. The financial crisis originated with a rash of defaults on subprime mortgages that had been packaged...
...congressional order, has been viewed by the lower courts as an illegal way of circumventing repeated rulings compelling it to remove the cross. (Once the land is considered private property, the Establishment Clause no longer applies.) The Supreme Court will be asked to sort out the issue - and ownership of Sunrise Rock - once...
...court's freshest face, newly confirmed Justice Sonia Sotomayor. But Sotomayor and her eight colleagues won't have a lot of time for orientation: the court will start immediately on a docket of controversial cases that will call on Justices to consider new facets of the Establishment Clause, gun ownership and prison terms for minors, among other issues. In total, the Justices have already agreed to hear 55 cases in the new term. Here are five to keep...
...national parks - and The National Parks - are based on ideas that are classically, if not radically, communitarian: That the free market doesn't always act in the public interest. That it's good that every American shares ownership of and responsibility for the most exclusive properties in the country. And that it is right for people - through government - to protect them from business interests and even from the people themselves (like the early visitors who shot game and scratched their names on ancient rocks). A series on a public-TV network that calls a government program America's best idea...
...There's no word yet on whether the government will provide the airline with additional funding in exchange for an ownership stake. Hatoyama's handling of the situation is being watched closely because it could signal whether Japan's new ruling party, the Democratic Party of Japan, will take a harder line on Japan Inc. than the Liberal Democratic Party, which recently lost power in parliamentary elections after nearly 54 years of unbroken rule. (See pictures of the global financial crisis...