On March 16, 2007, Morgan Stanley employees working on one of the toxic assets that helped blow up the world economy discussed what to name it. Among the team members’ suggestions: “Subprime Meltdown,” “Hitman,” “Nuclear Holocaust” and “Mike Tyson’s Punchout,” as well a simple yet direct reference to a bag of excrement.Ha ha. Those hilarious investment bankers.Then they gave it its real name and sold...
Jan
23
DealBook | The Trade: An Asset So Toxic They Called It ‘Nuclear Holocaust’
Label: Business
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Jan
22
Marijuana still a drug with no accepted medical use, court says
Label: World WASHINGTON — Marijuana will continue to be considered a highly dangerous drug under federal law with no accepted medical uses,...
Google Ad Bleeding Slows as Larry Page Dismisses Mobile Fears
Label: Technology Investors like what they’re hearing from Google, despite a sickly-sounding Larry Page. The Google CEO argued on Tuesday’s earnings call that mobile won’t hinder his company’s core ad business because distinctions between devices are becoming moot.After-hours traders sent Google shares up more than 5 percent late Tuesday afternoon after the company beat Wall Street expectations for the quarter....
“Zero Dark Thirty” heads to Europe: will torture controversy follow?
Label: LifestyleLOS ANGELES (TheWrap.com) – Best Picture Oscar nominee “Zero Dark Thirty” rolls out in several Western European countries starting Wednesday, absent – at least for now – the firestorm of criticism that has accompanied its U.S. release.The movie has been a lightning rod for detractors in the U.S. over its perceived endorsement of torture, an allegation that director Kathryn Bigelow and Sony executives...
Medicaid Patients Could Face Higher Fees Under a Proposed Federal Policy
Label: HealthWASHINGTON — Millions of low-income people could be required to pay more for health care under a proposed federal policy that would give states more freedom to impose co-payments and other charges on Medicaid patients. Hoping to persuade states to expand Medicaid, the Obama administration said state Medicaid officials could charge higher co-payments and premiums for doctors’ services, prescription...
Wal-Mart Toughens Fire Safety Rules for Suppliers
Label: BusinessFacing criticism for selling garments made at a Bangladesh factory where 112 workers died in a fire last November, Wal-Mart Stores told its worldwide suppliers Tuesday that it was adopting tougher rules on fire safety at its contractors and would have “zero tolerance” for suppliers that used unauthorized subcontractors. At least two suppliers were using the Tazreen Fashions factory in Bangladesh...
Jan
21
A taste of home-kitchen-based business
Label: World When Caron Ory's father was diagnosed with diabetes and struggled to stop eating sugar, the trained dietitian told him not to...
A 'Courage Board' for All Conditions
Label: Technology Rating: 9/10 Nearly flawless; buy it now It’s easy to guess what The Hovercraft was built for just by looking at it: The short swallowtail and the big blunted nose all scream “powder hound.”I did my first series of tests in early December up in Lake Tahoe, and there was a lot more crust, ice and grooms than powder, so I took it out without expecting...
Chastain horror film “Mama” takes big box office win
Label: Lifestyle(Reuters) – Jessica Chastain overpowered Mark Wahlberg, Arnold Schwarzenegger and others as her low-budget horror flick emerged as the North American weekend box office champ and her Oscar-nominated “Zero Dark Thirty” captured the second spot as well.Chastain’s supernatural thriller, “Mama,” pulled in $ 28.1 million from Friday through Sunday at U.S. and Canadian theaters, according to studio estimates,...
The Week: A Roundup of This Week’s Science News
Label: Health“Science,” a colleague once said at a meeting, “is a mighty enterprise, which is really rather quite topical.” He was so right: as we continue to enhance our coverage of the scientific world, we always aim to keep the latest news front and center. His observation seemed like a nice way to introduce this column, which will highlight the week’s developments in health and science news and glance...
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