Word: toxicants
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Dates: during 2000-2009
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...landed in a Canadian backwater with a young David Cronenberg, who was then near the start of an exemplarily transgressive career writing and directing meta-horror movies (Shivers, Scanners, The Fly, Naked Lunch) about the body as the ultimate toxic agent. The project was the 1977 Rabid, in which Chambers plays Rose, a car-crash victim who undergoes surgery that forces her to feed on human blood; soon she infects most of Toronto. The notion of a blond-angel porn star as the carrier of a fatal disease seemed like misanthropic science-fiction then. Within a few years, the festering...
...enemy but rather about enabling Afghans to stand up for themselves. If we can provide security while strengthening local governance, the theory goes, Afghans will choose to throw off the insurgent's yoke. In practice, however, it's a lot more complicated, especially in the Korengal Valley, where a toxic combination of local grievances, Taliban sympathizers, al-Qaeda operatives and professional warlords has taken 39 American lives since 2006. For a few days I based myself at Restrepo, an American firebase perched on a mountain ridge overlooking three of the valley's most important villages. One, called Loi Kolay...
...together its widely hailed bank "stress test" program meant to determine which of the big financial institutions have dysentery and which do not. Finally, the hundreds of billions of dollars that went into the largest banks late last year allowed Secretary Geithner to produce his public/private partnership to buy toxic assets off of bank balance sheets...
...midst of testing bank balance sheets at all. The experts at the Treasury had been thrown off the scent and consequently had missed the fact that there was not need to test what is already working well. The same holds true for the Geithner plan to take toxic assets off bank balance sheets. It is academic now. What banks are earning from the difference between the cost of capital and the income from lending is now great enough for the banking system to be self-sustaining again...
...analysts may not have the IQs of the PhDs who created mortgage-backed securities, but they did not do their detective work blindly when they insisted that bank balance sheets and loan portfolios needed close examination. It is also true that the private capital firms which plan to buy toxic assets using taxpayer money were not enticed into the new program based on an illusion. The banking system is still terribly weak and there is almost no one with an in-depth knowledge of the credit market tapestry who does not believe that there are hundreds of billions of Confederate...