Word: subbed
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Dates: during 2000-2009
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Money invested in a variable-rate annuity goes into mutual-fund-like sub-accounts, which are walled off from the general account the insurer uses for its other obligations. It's like having a set of mutual funds at a broker: SEC regulations apply, and AIG's creditors can't tap those assets...
...firms—have been operating is completely unacceptable. While we do not support unbridled regulation of the market, in some instances it is indeed necessary. Government oversight is particularly important in sectors and for companies that have a broad and direct impact on everyday Americans. Look to the sub-prime mortgage markets as an example. The clear greed and corruption that led to unprecedented profits via severely leveraged transactions, all in the pursuit of pushing the sheets through the roof, was left unblocked. The result is that now the average American taxpayer is paying the price through bailouts...
...Petro-economies once seemed impervious to the American sub-prime mortgage mess. That view is reflected in a grim joke making its way around Wall Street and the City of London about the options left for laid-off bankers: "It's Dubai, Mumbai, Shanghai, or goodbye." But the reality may be even grimmer. In fact, Dubai and the other oil-enriched regions of the Arab world aren't quite the safe havens they once were. Western and Middle Eastern markets are more closely intertwined than they were during the 1970's oil boom. But recently, Arab exchanges have been...
...start with annuities and life insurance. If you have a variable-rate annuity, your money is most likely in mutual-fund-like sub-accounts. You own those sub-accounts, as you would own stocks through a brokerage. Those are your assets - a creditor won't be able to touch them...
...Still, whizzy schemes to connect millions of Africans can't guarantee users access to the services they need the most. Most of the $23 billion poured into sub-Saharan Africa's information and communication technology (ICT) infrastructure between 1996 and 2006 came from the private sector. In one sense, that's positive. Those telecom firms aren't diverting money away from other areas no less hungry for investment. But, says Raul Zambrano, ICT adviser in the United Nations Development Program's Bureau for Development Policy, "it doesn't address the issue of development." Just as important as connecting poor people...