Word: papering
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Dates: during 2000-2009
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...plans to auction off hundreds of billions of dollars in Treasuries between now and the end of the year. The level of interest that will be paid on this paper will be a litmus test of the market's appetite for debt in the country that has the largest GDP in the world but is well on its way to owing a record sum to its creditors...
...largest purchaser of American Treasuries, China, has already voiced concern about the profligacy of spending that is part of the plan to pull the U.S. out of a deep recession. If China cuts back its purchases of Treasuries, even a bit, interest rates on paper issued in the future could move up substantially...
...world. IRS receipts are already running well below the Administration's forecast. The interest rate that the government will have to pay for money may go up as investors become less comfortable with the federal deficit. The Chinese government, which is the most important single purchaser of US paper, has expressed concern about the profligacy of American spending. No one can tell what the Omega is for government borrowing, but that will certainly be tested over the next year...
This isn't exactly the stamp of approval most scientists look for, though, and in this case the puffery is especially unfortunate because the actual scientific finding, described in a paper published on May 19 in the online journal PLoS One, really is important. First, the young mammal, which would have looked like a cross between a lemur and a small monkey, is astonishingly complete. "Most of what we understand about primate evolution is pieced together from bits of teeth and jaws," says Michael Novacek, curator of paleontology at the American Museum of Natural History. Ida, by contrast, has pretty...
Prison bars have long inspired infamous inmates, from revolutionaries to mass murderers, to record their tales and thoughts on rusty typewriters or hidden scraps of paper. So it is perhaps unsurprising that the first published writings of a major Mexican drug trafficker have emerged from one of the nation's top penitentiaries. Miguel Angel Félix Gallardo, arrested in 1989 and convicted of being the most powerful Mexican narcotics trafficker of his time, has written 36 pages that mix memories, ideas and reactions to current events from his cell in Mexico's Altiplano prison. After being passed from...