Word: idea
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Those bad loans are a problem for banks. There are some $230 billion in loans that were overdue by 90 days or more as of Dec. 31, 2008, according to the FDIC. It's a good idea to try and get those moving off banks' books. But what of the bundled, securitized assets? According to the FDIC, the total value of securities on banks' books as of Dec. 31 was $1.7 trillion. How much of those securities are toxic and how does the Geithner plan move them to be sold...
Geithner's request has its roots in the idea that the Treasury has more wise men than the balance of the federal government does, at least when it comes to fixing broken markets. Since the Treasury's policies are based on the whims of the Secretary, what Geithner is really saying is that he and he alone has the intellect and background to prevent future failures like AIG from happening again...
...idea that stimulants like caffeine (or Ritalin or even something stronger like cocaine) can help you sit still and pay attention seems counterintuitive at first. But that surprising fact lies at the heart of Rapport's work: stimulants augment your working, or short-term, memory, where information is stored temporarily and used to carry out deliberate tasks like, say, solving a challenging math problem. ADHD kids have a hard time with working memory because they lack adequate cortical arousal, and Rapport believes that their squirms and fidgets help stimulate that arousal...
...coming back to the table. When you don't have much money, cooking can be incredibly reassuring. You feel like you're doing meaningful work. A little garlic pasta with some herbs in it - I call that my "coming home pasta." It's that kind of very American idea that could rise up here and help us. You feel like you're doing this for your family, for the world. It's the victory garden...
...Having Barak, currently Defense Minister, at his side will give Netanyahu a veneer of international respectability. The Obama Administration and European capitals are horrified that the other members of Netanyahu's coalition oppose the idea of Palestinian statehood. (See pictures of heartbreak in the Middle East...