Word: papers
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...under pressure from Congress and the press, also released the number of the counterparties to many of its credit default swaps. AIG had decided to insure the value of certain paper owned by the likes of Goldman Sachs (GS), Morgan Stanly (MS), and Deustsche Bank (DB). When the value of that paper fell, AIG was on the hook to pay off the "insurance" which kept the likes of Goldman from having to book large write downs. Those write downs might have pushed Goldman into a difficult financial situation. The same holds true for a number of the other companies doing...
...China holds more U.S. debt than any other entity either private or sovereign. Whether the communist government is really worried about the value of the U.S. paper it holds or is just making a public insult about the flaws in American capitalism may never be known. What is known is that the financial markets have enough concern about Treasuries now to support a market for insuring U.S. debt in the event that the government cannot meet its obligations in the future. (See pictures of the global financial crisis...
...Fortunately, America has more to sell than the U.K. Yellowstone was established as a national park in 1982. It has more than 2.2 million acres of land, making it larger than Rhode Island and Delaware combined. It is a logger's dream. International Paper recently announced that it would sell 143,000 acres of its land for $275 million. At that rate, Yellowstone should be worth over $4 billion. (Read a TIME story on Yellowstone...
...immune system in general. One recent necessary breakthrough, Nussenzweig says, was finding a way to identify the blood cells that create HIV-specific antibodies. It was only after those cells could be separated from the bloodstream that scientists like Nussenzweig and Johannes Scheid, the first author on the Nature paper, could begin to study them properly...
...that budgetary belt-tightening is required across the board in a recessionary economy. “We’re a team.” Mount added that OCS has already “trimmed the fat” in its expenditures, reducing food, travel, and the purchase of paper products. Other, more long-term alternatives to cutting back on operation costs included closing OCS on Fridays during the academic year, but Mount said that this wasn’t even a viable option for her. “From the students’ perspective, we want to be fully...