Word: claiming
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...course, it's a bit more complicated than that because of the funky nature of AIG's insurance. Other types of insurance do not carry the same risks because when one claim pays out, it does not snowball. AIG's insurance on foreclosures and other defaults is not like insurance for accidents and disasters; while earthquakes in California are not correlated with earthquakes in New York, foreclosures are spiraling out of control together, fueled by a widespread recession...
...Considering all institutions together, no money was truly lost - it's what economists call a zero-sum game. In good times, risk-hungry banks loved this game, but now they have become risk-averse, and the game seems to have changed. So how can many of the banks simultaneously claim enormous swap losses without a single bank claiming significant profit...
...banks' books is that their potential payoff or loss is random, depending on the particular details of the contract and various outcomes in the world. Moreover, banks today are risk-averse and often factor worst-case scenarios into current pricing. Thus, they are far more likely to claim losses than profits on such instruments...
...Earlier this month, controversy boiled at Dartmouth concerningits newly appointed president, Dr. Jim Yong Kim. An anonymous e-mail referred to Dr. Kim as a “Chinaman” and even went so far as to claim that “Dartmouth is America, not Panda Garden Rice Village Restaurant.” A few days later, xenophobic comments on the Crimson’s website began to circulate over many email lists: “Asians and Indians are not creative and are basically just cookie cutter academic grunts...
...domination by the right wing. Indeed, one never sees liberals calling for the Fairness Doctrine to be applied to the opinion page of the New York Times, MSNBC, or the blogosphere; the dearth of right-wing commentary in these outlets is not a mere coincidence. Moreover, one cannot even claim that the justification for this selectivity is the distinction between editorial and news content, for the reactionary bloviators of talk radio make no bones about their political opinions...