Word: bets
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...risk mitigation, the forward push continued. When managers did articulate problems, they were often ignored. In August 2007, one of Merrill Lynch's top risk managers warned his boss that a decision to wager $3 billion on indexes of mortgage-related securities was too risky. The firm made the bet anyway; three months later, the risk manager left. "The psychology during a boom makes it very difficult to come up with large stress scenarios and get management to consider them to be credible," says Ed Hida, a partner in Deloitte & Touche's risk- and capital-management practice...
...According to one poll, more than 70% of Mexicans want Obama to win, yet the actual government of President Calderon is not looking forward to that outcome. It had placed its bet on McCain. Why? McCain actually visited Mexico during the campaign, meeting with all of the most important political figures. He even visited the all-important Shrine of the Virgin of Guadalupe. McCain has been an ally of Mexican government interests for many years. He was fundamental to the negotiations of NAFTA and of bilateral border matters. He has also been a proponent for liberal immigration policies...
...year under her belt and what she’s expecting from herself and what we’re hoping she’ll give us is a little bit more than last year.” When the Crimson takes the ice on Friday against Rensselaer, you can bet Buesser will set out to prove herself once again...
...America, the time for change has come," Obama told a roaring crowd of 20,000 in Sunrise, Florida, on Wednesday, the same day that millions of viewers watched him live as part of a 30-minute infomercial the campaign bought on NBC, CBS, Fox, BET, MSNBC and TV One. "In six days, we can choose hope over fear, unity over division, the promise of change over the power of the status quo. In six days, we can come together as one nation, and one people, and once more choose our better history...
Pushing for an oil law was always a tough bet for the conservative Calderon, who has promised a series of reforms to modernize Mexico. When the petroleum industry was expropriated from American and British companies in 1938, it was trumpeted as one of the great gains of the Mexican revolution. "The oil is ours," cheered millions in celebrations across the country alongside promises of riches for all. Seven decades later, leaders used the same slogans to defend a state oil monopoly more closed to foreign investment than even that of Cuba or Venezuela...