Word: sheetings
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...could someone else offer a higher rate? Chances are, the bidder wasn't looking to make a profit - just trying to inject liquidity into the institution's balance sheet - or was pursuing riskier investments in order to make the transaction make sense. "When a bank chases yield, they then start making riskier investments or riskier loans," says Fine of the Independent Community Bankers of America. That's not something we particularly need more of right...
Mercer analysts attribute the developments mainly to the collapse of the equity market, in which many U.S. pension plans are invested. But pension funds are being hit on the other side of their balance sheet as well, as declining yields on Treasury bonds swell the size of their pension fund liabilities...
...Container Store Paper Soap For you old-school hand-washers out there: single-use sheets of soap. The Container Store's Paper Soap comes in a colorful plastic case that flips open in the palm of your hand, and contains 50 paper-thin swatches. The soaps come in three scents: apple, which is pretty unassuming; vanilla, which smells like a candle; and, my favorite, jasmine. Be sure to pull out a sheet before you wet your hands - and for the best germ-killing action, wash with warm water for at least 20 seconds and dry well. Price: $4.99 each...
...Director of Bands at Yale Thomas Duffy has suspended the band “from all activities and performances, effective as of this very moment” for its “completely inappropriate and highly offensive” use of props. The prop in question was a makeshift sheet-wall that was supposed to represent the wall dividing Berlin until 1989, with Harvard representing an evil communist regime and Yale the harbor of freedom. The wall was emblazoned with profanity, which Duffy had not approved. While neither Duffy nor any of the band members were willing to comment...
...What are the chances we'll have to save Citi yet again? There are still plenty of questions about Citi's long-term health. The government's rescue addresses $306 billion worth of troubled assets from Citi's $2 trillion balance sheet. The bank, though, has roughly another trillion dollars in assets that aren't on its balance sheet but kept in entities somewhat removed from the company. These assets could be problematic if the economy grows worse. Fox-Pitt Kelton's Trone also points out what's not included in the government backing: $129 billion in nonresidential consumer loans...