Word: swamped
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...BofA agreed on Jan. 11 to buy Countrywide for about $4 billion in stock, acquiring Countrywide's $1.5 trillion loan portfolio along with its battered reputation and a swamp of lawsuits. You could almost hear the sighs of relief coming from Wall Street - not to mention the Treasury Department and Federal Reserve - that someone had swooped in to prevent the collapse of the nation's largest mortgage lender and whatever else it might pull down in its wake. CreditSights analyst David Hendler called the deal a "rescue bid" that would give the markets some much needed stability. The irresistible headline...
Flash floods swamp the Pacific Northwest...
Most people don't have anything on Somalia. It is a hot, poor swath of desert and swamp, sparsely populated by camel herders, mango farmers and fishermen. But in the mental map of Islamic militants, it looms large. The oldest al-Qaeda training camp in Africa, Ras Kamboni, is perched on Somalia's southeastern tip, surrounded by swampy jungle that makes it as inaccessible as the hill caves of Tora Bora in Afghanistan. Radical groups like al-Itihaad al-Islamiya, funded and trained by foreign militants supplied by Osama bin Laden, have been in Somalia for years. The same...
...wetlands would be lost and there would be a massive die-off of sea corals. Sea levels would rise by 28 to 43 cm, and most frightening of all, the report acknowledged the possibility that the melting of the Greenland ice sheet, which would release enough fresh water to swamp coastal cities, could occur over centuries, rather than millennia. "If you add to this the melting of some of the ice bodies on Earth, this gives a picture of the kinds of issues we are likely to face," said Rajendra Pachauri, the IPCC's chairman...
...friends with Bono or Madonna, common wisdom dictates that the President of the United States is still the man (or woman) who can champion issues to greatest effect. If you want to change the world, we’re told, pack your bags and head toward the swamp-land of Washington...