Word: permanente
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Before the inflation and deregulation of the 1970s put an end to old financial ways, the formula for successful banking was said to be 3-6-3: bankers borrowed at 3%, lent at 6% and hit the golf course by 3 p.m. It was an inefficient, seemingly archaic system. But...
To be sure, everyone involved would be better off if Congress could instead muster the political will to pass a climate and energy bill now (rather than in a year), for no one stands to benefit concretely from EPA regulation. Industry groups, Republicans, and coal-state Democrats would much rather...
Never mind all that Congress and the President have asked of the agencies. Or the fact that morale at the agencies is horrible and plenty of their most-talented workers - i.e., those that can easily get hired elsewhere - are leaving. Freddie Mac doesn't have a permanent chief executive, chief...
"Done 183 times on a single person, each flood of water, each subsequent near-death experience, increases the possibility of debilitating and irreparable harm," says Brad Olson, a research professor of psychology at Northwestern University. "The cumulative impact of this waterboarding is tremendous. It's going to produce permanent psychological...
For wealthy families, burial is still an option, but permanent plots are scarce and can cost upward of $30,000. For $3,000, temporary public plots can be rented for 10 years, after which the family can renew for another decade, or exhume the remains and yield the plot to...