Word: stressed
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...authorities have just released the results of the stress tests that they ran on the top 19 U.S. banks. This group holds about two-thirds of the total assets in the U.S. banking system. The health of those balance sheets has profound implications for the severity and length of this global synchronized recession...
...comforted by the results. That's because two different scenarios are used to stress test the balance sheets of financial institutions: baseline and adverse scenario. The baseline was designed to represent the consensus at the time in which the plan was presented. Unfortunately, current macroeconomic conditions are already worse than the adverse scenario (which is closer to the new consensus) for all the three variables of the test -unemployment, real GDP and home prices. (See TIME's "25 People to Blame for the Financial Collapse...
...Take the unemployment rate: the adverse scenario of the stress test is based on an average unemployment rate of 10.3% for 2009. However, at the current pace unemployment is more likely to hit the 11% mark. On a quarterly basis, the rate of unemployment is already well beyond the levels assumed by the adverse scenario for the end of the first quarter of 2009. Similar considerations apply to U.S. real GDP and home prices. (Read about the top 10 bankruptcies...
Release some of that pent-up stress in a laser tag arena (20 minutes: $12, 70 minutes: $20). When you get tired from your laser-play, go try your hand at karaoke ($5 per person), which is located in the same building. Those with any energy left over can head over to the bungee run ($5 per person). http://www.lazerzone.net/facility.html 416 Boston Post Road East, Marlboro...
Need to relax after finishing that paper? How about an expert spa treatment that doesn’t put stress on your wallet? G-Spa’s got your back. “Quickie” massages are 25 bucks a pop, and they also provide manicures for those overworked typing fingers. http://www.newbury-st.com/Boston/13/1164/Hair_salons/G_Spa_ 35 Newbury Street, Boston...