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POWER/UTILITIES: Long-term, widespread power failures are expected.
The wave of bankruptcies caused by the recession will leave "big holes on the high street", and the failures are expected to include some of the most well-known names.
BEHIND THE NEWS The federal bank bailout that began in the waning days of the Bush administration spared a handful of the nation's largest banks from insolvency, but 140 others that were not part of the bailout failed in 2009, and more failures are expected this year.
The effects of blast loading on structures can be very dangerous: damages and failures are expected with serious threats to structural safety and human life.
First, because bank failures are expected to continue and increase in number, picking a bank or thrift with deposit insurance from the Federal Deposit Insurance Corp. is the best bet.
Monday also saw the news that many more bank failures are expected over the next year, despite massive infusions of cash from the government, the Fed, Warren Buffett and Sovereign Wealth Funds from around the world.
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Long term, widespread power failures were expected.
Some of the failures were expected to last several days.
The pace of bank failures is expected to accelerate in the coming months.
The number of bank failures is expected to peak this year and be slightly higher than the 140 that failed in 2009.
Flooding from rivers and inland streams swallowed up homes and turned neighborhoods into swamps, and widespread power failures were expected to last through the weekend, if not longer.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com