Frozen Inca girl

Amazing story of a well-preserved 500 year old Inca girl who was sacrificed 500 years ago. Sad story too.

Judging from the condition of the body, it is believed that she was drugged and left to die in the mountains. It would not have taken much time for her to die due to the high exposure. The Incan high priests took their victims to high mountaintops for sacrifice. As the journey was extremely long and arduous, especially so for the younger victims, coca leaves were fed to them to aid them in their breathing so as to allow them to reach the burial site alive. Upon reaching the burial site, the children were given an intoxicating drink to minimize pain, fear, and resistance, then killed them either by strangulation, a blow to their head or by leaving them to lose consciousness in the extreme cold and die of exposure.

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U.S. sues S&P; It’s about time.

Reported by Huffpo:

But the government's lawsuit paints a picture of a company that misled investors knowingly, more concerned about making money than about accurate ratings. It says S&P delayed updating its ratings models, rushed through the ratings process and was fully aware that the subprime market was flailing even as it gave high marks to investments made of subprime mortgages. In 2007, one analyst forwarded a video of himself singing and dancing to a tune about the deterioration of the subprime market, with colleagues laughing. Ratings agencies like S&P are a key part of the financial crisis narrative. When banks and other financial firms wanted to package mortgages into securities and sell them to investors, they would come to a ratings agency to get a rating for the security. Many securities made of risky subprime mortgages got high ratings, giving even the more conservative investors, like pension funds, the confidence to buy them. Those investors suffered huge losses when housing prices plunged and many borrowers defaulted on their mortgage payments.

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