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...Morgan Stanley, Goldman Sachs and American Express amp up efforts to attract deposits - is also squeezing banks' profit margins, further straining an already weak industry and stressing smaller banks, many of which didn't go hog wild making risky loans in the first place. "Higher rates are a short-term fix," says Camden Fine, president and CEO of the Independent Community Bankers of America. "Eventually, you feel the aftereffects...
...last week’s announcement, Harvard officials said they planned “to take advantage of Harvard’s strong credit ratings to increase the University’s flexible cash resources in the near term...
...Scifipedia, an online biographical dictionary, defines Ackerman first as "American fan." That's good enough. As much as almost any writer in the field, he created a devoted, informed audience for speculative fiction. If he didn't coin the term "sci-fi" - Robert Heinlein used it first - then by using the phrase in public in 1954 he instantly popularized it (to the lasting chagrin of purists, who preferred "SF"). Forry, as everyone called him, was the genre's foremost advocate, missionary and ballyhooer. His love for the form, stretching back more than 80 years, godfathered and legitimized the obsessions...
...cryogenic comeback but in case I don't become a human people-cicle, I, like Isaac Asimov and other thinkers I admire, don't expect to wake up in some spirit realm of an afterlife. I've been a secular humanist since I was 15, long before the term was invented, and nothing since has changed my mind...
...This bleak outlook could get even worse, at least in the short term, if GM, Ford or Chrysler went bust. That's because of a domino effect that would probably result in the subsequent failures of parts suppliers that also sell to factories operated by Toyota, Honda and Nissan in the U.S. Vehicles built on American soil accounted for 63% of Japan's total U.S. sales in 2007, according to the Japan Automobile Manufacturers Association. A sudden parts shortage could force companies to shut down some of those assembly lines, generating major losses...