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Insurer MBIA , for example, has only $3.6 billion in the bank, which won't make much of a dent if $2.8 trillion worth of muni bonds start to go bad. Also, MBIA has $13 billion in debt of its own.
In a new post at the New York Federal Reserve's blog site, three bank officials took a look at the $3.7 trillion US municipal bond market. After noting that about 75% of US municipal bonds are ...
The booming U.S. stock market will help keep the dollar expensive as global investors pour money into America, a foreign exchange strategist said. But the politics of any trade deals that the ...
A municipal bond, commonly known as a muni, is a bond issued by state or local governments, or entities they create such as authorities and special districts. In the United States, interest income received by holders of municipal bonds is often, but not always, exempt from federal and state income taxation.
After World War II, the League was replaced by the more expansive United Nations (UN) in 1945. Throughout the Cold War, the use of sanctions increased gradually. [15] After the end of the Cold War, there was a major increase in economic sanctions. [9] According to the Global Sanctions Data Base, there have been 1,325 sanctions in the period ...
The Cost of War & Today's Military Industrial Complex, National Public Radio, January 8, 2003. Human Rights First; Private Security Contractors at War: Ending the Culture of Impunity (2008) Fifty Years After Eisenhower's Farewell Address, A Look at the Military–Industrial Complex – video report by Democracy Now!
The 12 conflicts in the following list have caused at least 1,000 and fewer than 10,000 direct, violent deaths in the current or previous calendar year. [2] Conflicts causing at least 1,000 deaths in one calendar year are considered wars by the Uppsala Conflict Data Program.
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