Word: cash
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...take a moment to review how AIG made money and why it's now losing so much. Most of AIG's losses have been attributed to its failing positions in credit-default swaps (CDSs). Essentially, AIG is swapping cash flows with other institutions: those banks pay AIG a small sum on a regular basis, and then under certain conditions - like mass foreclosure or corporations' defaulting on their loans - AIG pays out a large sum. In other words, AIG sold insurance; its problem is that it is paying out too much...
...reason celebrities are famous in the first place is that the movies they make entertain a huge number of people who will pay the $8 ticket fee to watch a two-hour show. When the American people flood the box office with cash, they do so out of a desire to be entertained, not to be preached to. With every ticket they buy, moviegoers aren’t necessarily endorsing the views of the actors they see on the screen. Celebrities are agents of entertainment, not the “elect” who are destined to transform our society...
...first act, how they have indirectly killed Hadid’s wife. They tell him a story of a family Thanksgiving rife with tension. Clay is hiding his daughter’s mysterious rash from his wife and fighting about the values of his lifestyle with his brother, Cash (Dennis Trainor Jr.). Cash is arguing with his young girlfriend and trying to hide a darker secret from his brother. As the night continues, arguments escalate, a mistaken call to the police is made, Mrs. Hadid dies, and the life of everyone on stage is completely altered. The energy...
...benefiting from the AIG bailout. These firms, which insured their purchases of mortgage-backed and other securities with AIG, include investment giant Goldman Sachs ($12.9 billion), Merrill Lynch ($6.8 billion), Bank of America ($5.2 billion) and Citigroup ($2.3 billion). The same firms, directly or indirectly, also received earlier bailout cash under the Troubled Asset Relief Program (TARP). The group includes some of the most sophisticated investors in the world, prompting critics to question why the companies should not take responsibility for their own financial decisions, rather than accept a U.S. taxpayer handout...
...must have "skin in the game." The absolute minimum down payment on a new house or apartment is 20% of the purchase price, and for most buyers it's usually closer to 30%. And a large percentage of Chinese - upwards of 40% according to some estimates - pay cash for new apartments, because in a high savings economy, housing is widely seen as a safe investment. That means, in China, you don't have the real estate equivalent of "dine and dash": people don't abandon houses the minute they think the price level is lower than what they paid, leaving...