Word: worthing
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...report notes that 12 banks failed last quarter and a total of 25 failed last year. That was the highest number since 1993, when 50 failed. More disturbing, an additional 252 banks, representing $159 billion in assets, went on the FDIC's "problem list," up from 76 institutions, worth $22 billion, at the beginning of 2008. That increase is already translating into what could be a record number of bank failures in 2009. Already this year, 19 banks have failed...
...Athough the topic of the store itself is boring, Holder leaves us with an inkling of wonder. With a little closer reading, Holder finally succeeds in shedding light on society in an interesting way. Through his poetry, he exposes the world as he sees it: depressing, absurd, yet worth living in.It is this world that Holder skillfully depicts in “The Man in the Booth in the Midtown Tunnel.” The collection of poems turns out to contain scores of subtle humor and well-written verse. Despite the poet’s often-unfortunate choice...
...recent Goldman Sachs report estimates that most investment banks believe bonds like Jupiter are worth 40% less than what was paid for them, or 60 for every dollar invested. But given how many of Jupiter's bonds have gone bad, you could just as easily guess that it is worth 41 on the dollar. And that might be generous. A top bond trader who looked at Jupiter for TIME said that on the basis of where loan defaults are headed and the loans Jupiter holds, even the best part of the bond could be worth as little...
...that she still found the closing disheartening. “It’s a sign of the economic crisis, and in this time jobs are lost and ideas are gone,” Levy said. The “Life is Good” brand, which is now worth nearly $120 million, took off after brothers Bert and John Jacobs began selling handmade t-shirts bearing the Jake logo at a Cambridge street fair in 1994. Everything’s Jake rents from Trinity Property, which also owns the rest of The Garage, the 50 Church St. building...
...Congress that "we passed the recovery plan free of earmarks," House Democrats, led by Speaker Nancy Pelosi, popped out of their seats like jackrabbits for a standing ovation. On Wednesday, those same House Democrats, led by Pelosi, passed a budget with, by some counts, nearly 9,000 earmarks, worth an estimated $7.7 billion...