Word: bets
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...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...
...another story. It was no accident that Bill Clinton tried to pigeonhole Obama in the primaries as another Jesse Jackson, or that Michelle Obama introduced her family at the convention as a new version of the Cosbys (or the Bradys). Obama's opponents want him to look niche, like BET or Chris Rock or the NBA; his challenge is to prove that he's also attractive to the ABC and Dane Cook and MLB crowds. During the primaries, Joe Biden took flak for his dopey description of Obama as "the first mainstream African American who is articulate and bright...
...that does not address the piece's fundamental problem, namely that it is not now and never has been funny. Or even human. In the previous movie version, as in this one (and I'll bet in the play itself) all the actresses strike comedic poses. They sashay about, rolling their eyes, pouting their lips, making big gestures and talking really fast. It's essentially an antique theatrical manner, the falsity of which the movie camera, dialing in for its close-ups (and even its two shots) exposes as relentlessly now as it did 69 years ago. No one ever...
...safe bet for an analyst trying to predict outcomes using limited information is to assume the status quo will prevail. But sometimes history can veer off the beaten path in cruel ways. The possibility that Kim Jong Il's death could make things worse for the benighted North Koreans is unpleasant to contemplate. Then again, North Korea under the Kim dynasty has been a singularly cruel place...
...safe bet for an analyst trying to predict outcomes using limited information is to assume the status quo will prevail. But sometimes history can veer off the beaten path in cruel ways. The possibility that Kim Jong Il's death could make things worse for the benighted North Koreans is unpleasant to contemplate. Then again, North Korea under the Kim family dynasty has been a singularly cruel place...