Word: safes
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...that the pressure on the U.S. financial system [that led to the financial crisis] came from abroad," says Caballero, who is the head of MIT's economics department. "Foreign investors created a demand for assets that was difficult for the U.S. financial sector to produce. All they wanted were safe assets, and [their ensuing purchases] made the U.S. unsafe." (See the financial crisis after one year...
...clear the foreign investors who bought the bonds of mortgage guarantors Fannie Mae and Freddie Mac served to fuel the housing bubble. Ohio State University professor René Stulz, who has studied the financial crisis, says Caballero has hit on a critical contributor. Says Stulz, "Investors looking for safe investments in the U.S. created a demand for new products that caused our financial system to work differently from how it had worked in the past and to become more fragile in ways that were not well understood at the time." (See the top 10 crooked CEOs...
...Susan Love and health psychologist Alice Domar, is that you can go right ahead. In their new book, Live a Little! Breaking the Rules Won't Break Your Health, the authors say your best bet is to scrap the crazy rules and adopt commonsense habits that will keep you safe from premature disability or death - while leaving you plenty of license to enjoy life. TIME spoke with the authors. (See the top 10 myths about dieting...
...what he did about it. The Administration has appointed former CIA chief John McLaughlin to investigate the matter further. And that means it may be weeks, if not months, before we can draw final conclusions about Obama's performance in handling his most important mission - keeping the country safe...
...where both Senators, the governor, all 10 congressional members and a large majority of the state legislature are Democrats. It doesn't get much bluer than the Pilgrim State. In other words, whatever happens, the big takeaway from the race will be: If Teddy's seat isn't safe...