Word: allowed
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...subsidiary AIG Financial Products. AIG FP, as it's called, merits a mere paragraph in the nine-page description of the company's businesses in its most recent annual report. But it's a huge player in the new and mysterious business of credit-default swaps: derivative securities that allow banks, hedge funds and other financial players to insure against loans gone...
...troubles, for example, began with big losses in its mortgage-laden investment portfolio. But its current crisis has to do with its big position in credit default swaps - securities that allow one to bet on or insure against a company's failure. If the credit-rating agencies downgrade AIG's debt, as is considered likely, it will be forced by the terms of the credit default swaps in its portfolio to cough up so much cash that its survival would be in danger, the New York Times reported lastnight...
...Clayton notched an impressive personal win, beating No. 12 Nate Schnugg of Georgia 6-4, 6-2, a win sure to boost his confidence and aggressiveness. Harvard’s players ran out of steam as matches progressed, losing just enough consistency, pace, or placement to allow their top-flight opponents to pull away. Playing against Berkeley’s Eoin Heavey, sophomore Alexi Chijoff-Evans won the first set and took the second to six all in the second set tiebreaker. “At that point, I knew my body would give up,” Chijoff-Evans...
...most interesting aspect of the interview was/is its format; Gibson is interviewing her in three installments, the next two coming after the first round of the interview has already aired. Theoretically, this will allow him to adjust his questions - and her to strategize her answers - based on seeing the interview playback. It's like a sped-up version of Nixon and Frost...
...April, a temporary regulation was put in place to allow guide dogs in public places during the Paralympics. The blind and their supporters say that's a small example of how the Paralympics could help improve the lives of China's disabled. "A blind lady alone with a dog, that's also a symbol," says Jean Van Wetter, China director for Handicap International, an NGO that works with the disabled. "The Paralympics, if accompanied by the right public awareness campaign, that's very powerful...