Word: rising
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...generally sells credit-default swaps, thereby promising to insure others against defaults. It's a great business when defaults are low; when they rise it can turn toxic. AIG FP lost more than $10 billion in 2007 and $14.7 billion in the first six months of this year. That, along with losses in other investment portfolios, has cut deeply into the parent company's capital reserves. The credit-default-swap contracts decree that if AIG's credit rating drops below a certain level, it has to fork over $13 billion in collateral to the buyers of the swaps. Monday night...
...Harvard, 53 percent of total refuse was recovered for recycling in the month of July. This percentage, which also includes compost, scrap metal, and wooden pallets in addition to basic recyclables, is about a 2 percent increase from last July. Gogan said he expects this number to rise over the semester...
...will be tested early next month, when the U.S. transfers command authority over the so-called Awakening or Sahwa councils (the Sunni tribal groups that fought al-Qaeda) to the predominantly Shi'ite central government. Neither side trusts the other. Tensions between Arabs and Kurds are also on the rise in several northern districts of Iraq, as well as between al-Maliki and his Kurdish coalition partners in Baghdad. Provincial elections are to be held by the end of this year, but they cannot go ahead until a law governing them is passed. But politicians remain deadlocked over...
Asthma and other respiratory ailments are already on the rise in much of the world. The World Health Organization estimates that 300 million people globally have asthma, with 250,000 dying from the disease each year. That rate is up considerably over the past few decades, and scientists say a number of factors could be at work. One clear reason is rising levels of ragweed pollen - which can be connected directly to rising levels of CO2. Researchers have shown repeatedly that elevated levels of CO2 stimulate weeds to produce pollen out of proportion with their growth rates - meaning...
...asking us to check the weather report. Michael and his wife, Shannon - who's five months pregnant - lost power and water during Ike. They woke up this morning to find water lapping at their garage, and he wanted to know how much higher the water was expected to rise. Unfortunately, the answer is a lot. The seven bayous that run through and around Houston are swollen, and the rain is still coming down. (See photos of Hurricane Ike here...