Word: lowes
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...Banks lend money to one another and charge interest in the process. The risk of borrowing from a firm owned by the government should be extremely low. Borrowing from a U.S. regional bank is, on paper, more risky. All inter-bank borrowing would almost certainly move toward taking money from the firms backed by the government balance sheet. Interbank lending among private banks could disappear...
...national bank is almost certain to follow practices which are unsound, which would not make it terribly different from the large firms that helped get the economy into trouble. Bank managements bought toxic assets two or three years ago. A government-controlled bank might offer mortgages at extremely low rates, rates so low that they clearly do not take into account the level of home loan defaults. From a policy standpoint, it may make "sense" to do that to help buttress the housing market. But, to some extent that moves the government's control of the credit system from nationalizing...
...instrument makers that only the strongest wood can produce a lush, full sound. According to Nagyvary, the opposite is true. He also says it casts doubt on the working hypothesis of many scientists that Stradivari worked during Europe's "little ice age" of the 15th-17th centuries, in which low summer temperatures led to slow but uniform growth in the Spruce trees used for instruments, and that the wood's uniform density explains the instruments' high quality of sound. Last year, researchers in The Netherlands and the U.S. used medical imaging technology to confirm that the wood came from slow...
...houses one of the best collections of Lincoln materials in the world. As Illinois State Historian Thomas Schwartz explained to me recently, Springfield had the good fortune to have a Lincoln buff serving as governor during the Great Depression. He budgeted for acquisitions at a time when prices were low. "We were able to collect material at a time when there was not much interest and not much money...
...ballot measure in Seattle was proposed that would have directed the police department to consider marijuana possession (for personal use) a low priority. Kerlikowske opposed the ballot initiative, but said such arrests were already a low priority and that his department was focusing its drug arrests on cocaine and heroin traffickers...