Word: toxication
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...generally sells credit-default swaps, thereby promising to insure others against defaults. It's a great business when defaults are low; when they rise it can turn toxic. AIG FP lost more than $10 billion in 2007 and $14.7 billion in the first six months of this year. That, along with losses in other investment portfolios, has cut deeply into the parent company's capital reserves. The credit-default-swap contracts decree that if AIG's credit rating drops below a certain level, it has to fork over $13 billion in collateral to the buyers of the swaps. Monday night...
...officials have once again come under intense scrutiny this week as the number of infants sickened by a batch of tainted milk powder expands daily. On September 17, Chinese Health Ministry authorities announced that over 6200 babies had fallen ill, many developing kidney stones, from drinking milk made from toxic powder. At least three have died, and more than 50 remain in serious condition. Officials have said the number of victims could climb, the China Daily reported...
...Concerned researchers point to animal studies that indicate that even low-dose exposure to BPA may be associated with a variety of ills, including cancer and reproductive problems. But defenders - most prominently the chemical industry itself - argue that the average dose of BPA is far too low to be toxic, and that in any case, there have never been human studies implicating the chemical as dangerous. So far that argument has carried the day - the Federal Drug Administration (FDA) last month announced that the BPA wasn't dangerous to human health in small doses, and declined to regulate it. (Tuesday...
...Easy This is a toxic time to kvetch. There are easy babies and cranky babies, and you know which one you are. "Does your commute suck? Too bad," says Viscusi with a big dollop of tough love. "Is your cubicle too small? Don't want to hear...
...Musharraf-era Pakistani official concurs, although the idea of U.S. soldiers fighting in Pakistan is so toxic that he asked that his name be withheld for fear of political repercussions. "Quite frankly, if Pakistan has the desire to carry out an action but doesn't have the capability, asking someone else to help makes sense," he said. Selling the idea to a Pakistani public already hostile to the U.S. war on terrorism, however, will be a lot more difficult. When asked how he would promote the idea, he just shrugged and smiled. With Musharraf out of the picture, selling Pakistanis...