Word: bottoms
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...bottom line is that if you care mostly about a young-looking face, don't smoke, don't spend time in the sun without protection, and try not to get into a bad relationship that will make you depressed. Instead, this summer at the beach, stay inside and have an ice cream. Make it a double scoop...
...pooled together and then various bonds are sold based on the portfolio. But all the bonds are not the same. They are stacked based on risk. The highest tranche bond gets paid its dividends based on the first loan payments that come in the door. Bonds at the bottom of the stack get paid last, which means those investments are wiped out first if borrowers fail to pay back their loans. Those bonds have the highest risk, and the highest yields...
...Strata's case there is no stack. Instead, BofA imagined it had invested $1 billion in the bonds of 75 different companies, and then pretended that Strata wrote insurance against a $20 billion slice. BofA bankers placed Strata toward the bottom, in order to justify its relatively high yield...
...group, each student organization in attendance recounted its political involvement from the past year—a list of engagements that included phone banks, weekend canvassing trips to New Hampshire, voter registration drives in Dorchester, and fundraising for the Obama campaign. “Change starts at the bottom and trickles its way up,” Hayward said. There was also great excitement surrounding the Harvard chapter of the National Association for the Advancement of Colored People, which was reactivated by students from across the University on Wednesday night. Jarell L. Lee ’10 emphasized the enormous...
...winning team take to the ice for a standing ovation, the Crimson of 2009 gave its own tribute with an intense second period.Harvard earned and capitalized on a third power play at 6:49—Vaillancourt again at the heart of the action. Controlling the puck at the bottom of the left faceoff circle in the Brown area, the forward passed to Wilson, at the left side of goal. Instinctively, the senior forward hammered the puck beyond Brown’s Stock to make it 3-0 for the Crimson.At 11:23, the final blow to Brown was delivered...