Word: toxically
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...research. Hansel said the award was particularly welcome given current economic conditions, which have made it extremely difficult to obtain funding. Her research focuses on harnessing fungi’s ability to remove harmful substances produced by mining sites. In particular, Hansel said that many mining sites have toxic concentrations of manganese, and that fungi are able to transform the metal into an inert form. Hansel said she plans to use the grant to expand her research by adding a new project—along with post-doctoral researcher Cara M. Santelli—to study the process by which...
...same is not true south of the border. Under the best-case scenario in the U.S., unsteady financial institutions will need to off-load toxic assets to Washington's "bad bank" in order to start rebuilding balance sheets. Others, like Citigroup and Bank of America, that are teetering on the brink of insolvency will need new capital just to remain on life support. (See 25 people to blame for the financial crisis...
...from its sheer enormity, this heap of cash is also intriguing because of the “public-private investment fund” included in Treasury Secretary Timothy Geithner’s recent proposal. The potentially $1 trillion vehicle would aim to combine public and private capital to buy toxic assets from banks. Though widely criticized in its eight days of life, the fund may succeed in attracting private investors—but only if Geithner offers more specifics to incentivize private financing and subdue historic antagonism between private and public sectors, which is traditionally worse in times of crisis...
...trillion.” Second, the plan proclaims that “private sector buyers [can] determine the price for current troubled and previously illiquid assets.” Why should private investment funds supply this capital? And why would private firms be any better at pricing these toxic securities, when the Fed has had no clear success in that endeavor over the past months...
...Which, in a way, is what Opium War is all about. The film follows the story of two American soldiers who barely survive a helicopter crash behind enemy lines, only to land in a far more dangerous situation - the convoluted and toxic dramas of a refugee family forced to rely on poppy to survive. As the soldiers and the Afghans warily circle each other misunderstandings abound. The refugees have taken shelter under abandoned Soviet army tanks, which the soldiers mistake for a Taliban encampment. They open fire, setting the stage for anger and frustration. The Afghans fear the soldiers...