Word: shorings
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...security departments and offices were created, emergency management plans improved across all levels of government, legal reforms implemented, and borders made more secure. In addition to overseeing a rapid recovery from the 2001 recession due to tax cuts and shrewd economic policy, the administration has made consequential efforts to shore up America’s economy in this latest financial crisis. As the largest buyers of sub prime mortgages from 2004 to 2007, Fannie Mae and Freddie Mac helped fuel the housing bubble and exacerbate the burst. The Bush Administration tried no fewer than 18 times, publicly...
...Coney Island Polar Bear Club has staged a New Year's Day plunge into the icy waters of the Atlantic Ocean. This year, nearly 700 men, women and children are expected to enjoy a chilly dip with as many as 3,000 less courageous souls watching from the shore. (The club's more dedicated members meet each Sunday during the winter to enjoy a cold swim.) TIME spoke with the club's president, Dennis Thomas, about how the group got its start, the psychology behind cold-water swimming and why 65° weather in January sucks...
...other financial institutions. It is using the money to buy preferred shares in banks, a move it began in late October. So far, it has invested $165 billion in 88 institutions, according to Treasury's website. That does not include the $40 billion the government has promised to shore up ailing insurer AIG or an additional $20 billion in funding for Citigroup, which was approved in late November when the financial giant appeared to be near failure...
With neither side inclined to give any ground, U.S. officials are concerned that renewed tensions over Kashmir could have consequences across the region. The most pressing fear is that Pakistan, worried about Indian retaliation for Mumbai, will send more troops to shore up its eastern border, taking away vital resources from the fight against the Taliban, al-Qaeda and other extremist groups along its border with Afghanistan. That would enable these groups to step up their operations against U.S. and NATO troops in Afghanistan. It's a prospect that troubles not just the Bush Administration but also its successor. President...
...force, it is plagued with warlords struggling for supremacy, and it is fighting a bloody civil war in which neighbors Eritrea and Ethiopia have gotten involved. It is not surprising, then, that amidst poverty, famine, and disease, Somalis have decided to go after the rich ships visible from their shores. In that sense, seaborne piracy is the visible face of the lack of opportunities on shore. Coming to that realization, however, is the easy part. Somalia remains a painful symbol of the difficulties of humanitarian missions. According to the official history by U.S. Army Chief of Military History Brigadier General...