Word: systemic
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...actions taken last fall by the Fed, Treasury, Congress and governments around the world "may well have averted the collapse of the global financial system, an event that would have had extremely adverse and protracted consequences for the world economy," Bernanke said. Market improvements were already allowing the Fed to unwind some of the extraordinary actions it took last fall, with credit extended to banks and other financial firms declining from $1.5 trillion at the end of 2008 to less than $600 billion now. Congressional meddling in Federal Reserve decision-making - there are proposals to increase Congress's audit authority...
...jockey-plus-horse system," as the researchers call the racehorse-and-rider team, will start off essentially the same as any other: a combined mass of roughly 1,100 lb. (500 kg) of living flesh, with the horse representing about 87% of the total weight and the jockey making up the rest. One key to speed will be how lightly the horse can carry that 13% load. The investigators found that the horse's back oscillates up and down about 6 in. (150 mm) throughout its stride, and fore and aft about 4 in. (100 mm). The jockey moves...
...nation has begun to confront the benighted lawlessness that plagues not only Guatemala but most of the rest of Central America too. Younger Guatemalans, organizing protests via social-networking sites such as Facebook and Twitter, have turned out by the thousands to protest their putrid judicial system and festoon Rosenberg's murder scene with banners. "Older people say they haven't seen an awakening like this in 60 years," says Alejandro Quinteros, 26, a cherubic fast-food manager and political novice who helps lead the National Civic Movement. "We're not afraid anymore...
ANNOUNCED In an incursion into Microsoft's territory, Google revealed plans to release an operating system designed for PCs in 2010. The news came the same day the company removed the "beta" label from its Gmail application, which debuted...
...backyard. He was 15 at the time and living with his parents in Norwood, Mass. Joe had arranged for a couple of bands to play, but they bailed, and he needed entertainment. There are people who at that point would have jacked an iPod into the sound system and called it a party. But this...