Word: transferal
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Dates: during 2000-2009
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...Federal Government swallows two gigantic mortgage companies and dumps more than $5 trillion - yes, with a t - of the firms' debt onto taxpayers, nearly doubling the amount Uncle Sam owes to his lenders. While we're trying to get our heads around what amounts to the biggest debt transfer since money was created, Lehman Brothers goes broke, and Merrill Lynch feels compelled to shack up with Bank of America to avoid a similar fate. Then, having sworn off bailouts by letting Lehman fail and wiping out its shareholders, the Treasury and the Fed reverse course for an $85 billion rescue...
Those are your assets, not the company's, and its creditors have no right to your money. One hopes the transfer to a new brokerage should go smoothly: federal regulators show up to oversee the process. In the worst-case (and highly unlikely) scenario that some of your assets are missing, SIPC insurance kicks in, covering $500,000 worth of securities, including $100,000 in cash...
ACTION: Call your broker to talk about the transfer...
...picking up archery by London 2012 or the luge in time for Sochi 2014, the overwhelming consensus of this recurring conversation was that—at the age of 21—that ship had officially sailed. It may not be too late to switch my concentration or transfer houses, but my chances of joining Team USA don’t look so good...
...warming might actually bring about a reduction in the overall frequency of storms. But the Nature paper argues that warmer sea-surface temperatures will result in stronger storms, because hotter oceans mean the developing storms can draw more warm air, which powers the storm. "Hurricanes are driven by the transfer of energy from the ocean to the atmosphere," says Kerry Emanuel, a meterologist at the Massachusetts Institute of Technology. "As water warms, the ability of water to evaporate goes up, and a greater evaporation rate will produce a more intense hurricane...