Word: saying
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...course, not all economists are buying the Caballero's blame them, not us, explanation of the financial crisis. They say just because there was money flowing into the United States doesn't mean the credit crunch was inevitable. They say stricter regulations could have stopped U.S. investment bankers from creating mortgage bonds filled with risky home loans and then passing those bonds off as safe investments to foreign investors. "Most of the blame for the financial crisis lies in the choices that were made inside the U.S.," says Anil Kashyap, an economics professor at University of Chicago's Booth School...
Nonetheless, even if foreigner investors' role in America's credit boom and bust is debatable, what's beyond doubt is that this aspect of the crisis is not getting as much attention as, say, bankers and their bonuses. On Thursday, the Financial Crisis Inquiry Commission wrapped up its second day of hearings. Global imbalances is one of the 22 areas that the panel is supposed to investigate as a possible cause of the credit crunch. But in two days of hearings, which included testimony from top financial executives, economists, analysts, regulators and a hedge fund manager, there wasn...
...prevent a similar crisis from happening again is the question that Caballero thinks we are getting wrong. He believes reforming the U.S. financial system is only part of the answer. Foreign investors, he says, need to change their behavior as well. Specifically, Caballero believes the U.S. needs to encourage foreign governments to hold a range of U.S. investments, instead of just funneling all of their money into say Treasuries or mortgage bonds. One way to do that is to require foreign governments or investors who only buy Treasuries or mortgage bonds to place a certain portion of their U.S. investments...
Beyond that, says David Lobell, a Stanford colleague of Field's and his co-author on a major 2007 review of how plants and climate interact, "while there's pretty clear evidence that CO2 helps plants, there's plenty of debate about how much it helps." One reason is that plants depend not only on carbon dioxide for healthy growth, but also on water and other nutrients. Increase CO2 without increasing the other factors, and you can get plants that are bigger, but relatively deficient in, say, nitrogen - meaning insects may have to eat more of each plant to stay...
...have for people in the midst of depression right now? Get enough sleep. Go to bed at the same time every night and wake up at the same time every morning. Exercise: it has an antidepressant effect. I'm not going to be like Tom Cruise and say you won't need antidepressants if you exercise, but it is enough for some people. And watch what you eat. For sugar sensitive people - which many depressives are - sugar can be like a drug...