Word: seemed
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What's more, IndyMac is only one of four financial firms to have effectively been nationalized during the current financial crisis. Among that group, which also includes Fannie Mae, Freddie Mac and AIG, only IndyMac has been returned to private ownership. The others seem a long way off from a similar outcome, if at all. Critics of nationalization say taking over and resolving the issues at a bank like Citigroup, which has hundreds of thousands of employees and businesses spread around the world, would be a much more difficult task than turning around IndyMac, which is a relatively small bank...
...market can drop forever or at least it may seem that way. There is no point in sustaining the illusion that the market has to rise the way it did over the last several years. The economy may remain moribund and leave no reason for equities to rise...
Kidney failure would seem to be one of those disastrous "unexpected illnesses" that Pat thought he was insuring himself against. But apparently he was wrong. When my mother, panicked, called to tell me that the insurance company was refusing to pay Pat's claims, I told her not to worry; bureaucratic mix-up, I assumed. I said I'd take care of it, bringing to bear my 15 years of experience covering health policy, sitting through endless congressional hearings on the subject and even moderating a presidential candidates' forum on the issue...
...people have difficulty understanding the language in insurance policies. Even human-resources personnel may not fully understand all the intricacies of a policy when briefing a new employee. Also, coverage that appears adequate at first glance may fall short - eight annual doctor visits or three radiation courses may initially seem sufficient, but a breast-cancer patient can require many more visits and multiple radiation courses in just a few weeks of treatment...
What has been less widely reported is that Mutannabi Street doesn't have so many bookstores anymore. Though low tables of (mostly technical) volumes line the sidewalks, they seem to be equaled or outnumbered by stationery, electronics and knickknack shops. One storefront is stocked entirely with stuffed toys. According to Fufuli, the ratio is now 10% books, 90% other stuff. He is exaggerating, but the change is clear. "Most of the old owners were killed or left because they were afraid, so these stores opened up. Now," he added, with a curmudgeonly frown, "all the Iraqi people want is valentines...