Word: remains
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Dates: during 2000-2009
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...much. Market volatility indices are way up. In addition to economic stagnation reflected in nine consecutive months of job losses, retail sector struggles and a suffering automotive industry, the market is fretting about potential disasters yet to come in the banking arena. European banks appear increasingly unstable, and doubts remain about American insurance companies and financial institutions stuck with dubious debt obligations...
...world's most prominent banks, including Morgan Stanley and Goldman Sachs, demonstrate that there is a lot of market concern about the stability of leading financial institutions, even after the Treasury's recent steps. Another piece of evidence: the premiums on three-month interbank loans remain very high in comparison with overnight loans, signaling banks' deep uncertainty about the sector's stability...
...Murray is among just a handful of public intellectuals who are willing to talk openly about these statistics. Most remain fearful, because such a suggestion is so counter to our feel-good conceptions of social mobility. But there is nothing about this evidence that should make us uncomfortable. The idea that there would be a correlation between class and intelligence is completely consistent with the dream of American opportunity because it reinforces this sense that our idealized, meritocratic society is working. There is nothing shocking about the notion that people who are capable would rise to high-paying jobs...
...been three weeks since Hurricane Ike blew ashore on Galveston Island bringing up to 20 feet of Gulf waters over the low-lying land, killing a still yet to be determined number of residents - several hundred remain missing - and inflicting billions of dollars in damage. The television satellite trucks and cable news stars are gone and the nation's collective eye has turned elsewhere. But thousands of area residents now live in a stench-filled world where the incongruous is normal and the dangerous real...
...part of the relocation, which could take up to five years, the Embassy will sponsor an international design competition calling for energy-efficient building techniques and designs that "celebrate the values of freedom and democracy." All plans remain conditional until the United States Congress and local planning authorities approve the move. Unlike most of its embassies around the world, the United States does not own outright the land surrounding its British facility; it is currently leased (like much of the rest of the borough) from the Duke of Westminster, one of Britain's richest...