Word: similar
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Dates: during 2000-2009
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Once some banks do sell, though, it could force a widespread, and revealing, revaluation of similar assets on every bank's books. The banks have been asking regulators and accountants for, and getting, relief from having to mark some of their assets to market prices because the markets for many debt securities are so clearly broken. But the prices prevailing in a smoothly functioning government-subsidized market will be hard to ignore. This has led to speculation in the economics blogosphere that banks might game the program by conniving with investors to overbid for assets. That's not inconceivable...
...adept at just one kind of punch. A few of these two-to-three-minute wraths ("Louie" and "I Like You So Much Better When You're Naked") are tuneful enough to stick with you, but they don't do much emotionally, and they all end up feeling numbingly similar, like fury masquerading as fun. As the album chugs on, it becomes clear that Maria hasn't quite figured out what she'd like to say to the world--"I know I'm always drunk as drunk as can be" is a fairly representative lyric--only the manner in which...
...kids whose parents are in financial distress, with a live-in faculty rivaling those of élite New England prep schools. His proposal is at the forefront of a broader national trend: from New Jersey to Wisconsin to California, school districts and private investors are developing similar projects. Supporters hope that U.S. Education Secretary Arne Duncan, who pushed for public boarding schools as CEO of Chicago's school system, will give the programs even greater traction. (See pictures of public boarding schools...
...past two centuries, a key to national prosperity and power was the extraordinary physical scale of our land, our population, our natural resources. China has similar advantages today, and partly because we have already been there and done that, paving the way, it has been able to develop in fast motion, cramming 100 years of development into 30. But I'm reminded of Philip Johnson's apt, bitchy description of Frank Lloyd Wright during the forward looking 1930s "as the greatest architect of the 19th century." Twenty-first century China is the greatest country of the 20th century. Muscular industrialism...
...complaining, Geithner is likely to get much of the authority he wants. The power he is asking for could be invoked only under explicitly prescribed circumstances, similar to those imposed by Republicans on the FDIC in the early '90s, when it takes dramatic action in case of major banking crises. Though industry officials may gripe, Geithner's fixes are little different from the rules that traditional banks already abide by (and make plenty of profits under). And even the GOP might not have as many philosphical objections as one would expect. On the same day that Geithner rolled...