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...going on with "second derivatives." Without venturing too far into the scary calculus stuff, the point is this: we're still headed downhill but maybe a bit more slowly. That's a more precise way to look at the world - but it's not exactly accessible. Second derivative probably isn't making its way into newspaper headlines any time soon...
...deal brokered by the Federal Deposit Insurance Corp., which closes banks that are insolvent or nearly so, BankUnited is being taking over by a group of private-equity investors, including famed vulture investor Wilbur Ross. The group isn't paying much for the bank - because BankUnited isn't worth much. The FDIC figures cleaning up the mess at BankUnited will cost its insurance fund nearly $5 billion, which makes this the most expensive bank failure this year...
...Asked about this analysis now, Michelle rejects the idea that she has had to sacrifice at all. "I know women who have given up a lot of themselves," she says. "And there were times in my marriage where I put stuff aside. This isn't one of those times." And she didn't change, she insists; people just had time to get to know her. On the other hand, she brought to the White House a longtime friend and marketing executive who, as social secretary, describes her job as managing "the Obama brand." In any case, by the time...
...Technicolor dresses and famously buff bare arms, it's hard not to wonder if Michelle isn't daring us all to just roll with it, to be a little bolder at a time when the country could use all the courage it can muster. "You've got to make choices that make sense for you," she says, "because there's always going to be somebody who'll think you should do something differently." When prodded, she admits with a wry smile that there are moments when she misses her old, anonymous knock-around days. "It's a lot easier...
...working for their department, a law-enforcement agency that is responsible for controlling street vendors, hawkers, shoe shiners and illegal cabs. While they wield less power than the police, they have become notorious for violence. Hardly a week goes by during which at least a beating by chengguan officers isn't reported in some Chinese city. (See pictures of life on the fringes of society in China...