Word: toxicities
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...announced, in effect, that the TARP was going to be rolled up, having not spent some $300 billion in funds that Congress, after much drama, had allocated. Then Citibank teetered, and out came the TARP again, this time in pretty much its original guise: to ring-fence the toxic assets on Citi's books. This made some sense, because leaving toxic assets on banks' books, at a time when additional assets may well be losing value because the economy is weakening, means that recapitalizing the banks doesn't have the same effect that it would if those bad assets were...
...Questions are not fewer because of the recent switch in tactics - if anything, they've increased: What was the point of the TARP in the first place? Where do we go now that Citi's been bailed out? Do toxic assets remain on other institutions' books? And if so, why? Is it too difficult for the government to price them and run the auctions that would get rid of them? So Tim, do us all a favor. Make two long, sober speeches: one explaining systemic risk, and one explaining, conceptually, what you will be up to once you take over...
...purpose of this gene: to provide “a very simple defense mechanism,” according to Verstrepen. “These yeast form a big clump of cells,” he explained, “and the outer cells protect the inner cells from a toxic agent in the environment.” Verstrepen also found that the toxin ethanol, produced by yeast as a byproduct of cell metabolism, has harmful effects that can be avoided by flocculating. This helps explain how fermentation works. But another important application of his research initially escaped Verstrepen...
Highlight Reel:1. On his fondness for toxic substances: MacDonald was something of an alcoholic, though he might be loathe to use that particular term. His ability to consume beer in impossibly large quantities had been well established at Yale. ("MacDonald, perhaps you could trade this for a six-pack?" one of his instructors had quipped when handing him a diploma.) Recalling his college days, MacDonald writes, "I had fun. Loads of it. And not the kind of fun people look back on ten years later and regret. I didn't hurt anybody. I didn't steal anything. I didn...
...root cause of heart disease is not only lifestyle but the interaction between the toxic environment that makes positive lifestyle choices exceedingly difficult,” she said, “Until these issue are addressed, there is no magic bullet to prevent cardiovascular disease...