Word: center
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...center of the conversation is how ratings agencies get paid. Since the 1970s, the largest ratings agencies have been paid by the companies that issue bonds or securities. This "issuer-pay" model has been roundly criticized for leading the agencies to cozy up to the firms creating financial products - especially the complex ones - by assigning ratings that are more favorable than justified in order to hold on to the business. At the beginning of 2008, there were just 12 top-rated companies in the world, but some 64,000 structured finance instruments, like mortgage-related CDOs, won that seal...
...taken off the road and replaced with more efficient ones. (All cash-for-clunkers programs require the old cars to be scrapped rather than resold.) "There are significant environmental advantages and substantive benefits for the auto sector," says Benjamin Goldstein, a policy analyst for left-leaning think tank the Center for American Progress. "This goes right for the source of the problem, for vehicles sales...
...accounting. But a cash-for-clunkers program, whatever its environmental benefits, would provide the government with a way to aid the domestic auto industry without giving Detroit any more direct handouts. "There's a lot of justifiable taxpayer reluctance to keep helping the auto industry," says Goldstein of the Center for American Progress. "Politically this is a viable alternative to sending them additional loan money...
...Advocate was very much at the center of my Harvard experience,” says Begley. “It was my home, if you like.” Begley describes long nights spent laying out the magazine by hand, cutting and pasting stories without the help of computers, and debating about literature...
...request from California Rep. Jerry Lewis: "...for the Joshua Tree National Park Visitor Center. Perhaps next year, if the park and Rep. Lewis still haven't found all the money they're looking for, they could ask Bono and U-2 for help instead of the taxpayers...