Word: interests
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...require nothing more than a Zoloft prescription and some couch time. The patients' conditions listed in hospital records include "worries about sex" and "worries about money" - "things everyone walks around with today," Maisel says. When these patients died, their relatives either had no money for a burial or no interest in claiming the bodies...
...Kagan is credited with instituting a series of reforms aimed at improving the first-year curriculum, strengthening student life, and encouraging public interest practice...
...Sasaki attributes the yen's recent strength to the unwinding of the yen carry trade, referring to the widespread practice by investors over the past several years of borrowing yen at a low interest rate and investing the funds in currencies paying higher interest rates. That was an easy way to make money until central bankers in the U.S. and other countries began slashing borrowing costs as the credit crunch hit and their economies faltered. The carry trade "is a very strong and powerful movement, and it's difficult to stop it," Sasaki says. "I think that Japanese officials understand...
...Because interest rates are at zero. We've injected all this money into the banking system and banks have lost so much capital that their inclination is to hoard capital. It's going to be very hard to get it out the other end. That happened in 1932. By 1932, the Fed finally realized it had to do something, and there was a very large open-market operation - basically, buying bonds - and recapitalization of the banking system, and that stopped the run on the banks temporarily, but credit continued to decline...
...Monetary policy is fine for steering the economy while it's on level ground, but the minute you go into a ditch, monetary policy isn't enough to get us out of it. Variation in interest rates is normally an effective way of steering the economy, but then you get into these crises where the whole machine collapses, and all you're doing is pressing on the accelerator and spinning your wheels...