Word: profited
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...possible bright side is that, if done right, bailouts don't ultimately have to cost a lot of money. If the government buys assets when everybody's panicked and sells them when markets have calmed down again, it could even turn a profit...
...National Housing Trust says about 1.5 million apartments housing between three and five million people will be affected. "Generally it's bad for cities to the extent that they lose the needed mixed income and affordable housing resource that is difficult to replace," says Bodaken, whose non-profit group advocates for people who live in subsidized homes...
...even he wasn't paranoid enough. Though Goldman stands, along with Morgan Stanley, as one of the last two giant U.S. investment banks not to collapse (as Lehman and Bear Stearns have) or be sold (à la Merrill Lynch), Goldman too has been pummeled. The firm's quarterly profit plunged 70% - results considered to be relatively good. While analysts generally believe that Goldman and Morgan Stanley will survive the meltdown, that view is not unanimous. Says doomster New York University economics professor Nouriel Roubini: "They will be gone in a matter of months as well. It's better if Goldman...
...submissions. "Our curators went through a blind selection process, and to lower barriers to entry, we [decided to] undertake the printing of all the works," says Gwen Lee, the festival's director and founder of the 2902 photography gallery. It's a generous move by the not-for-profit festival, given that a digital print of around 10 sq. ft. (1 sq m) in size can cost hundreds of dollars to produce...
...drone drivers will not have to be pilots able to fly manned aircraft. "This will certainly be a cultural change," Brigadier General Lyn Sherlock, a top air warfare planner, said of the shift, which was announced during the annual convention of the Air Force Association, the service's non-profit booster group...