Word: complexers
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...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 of approval...
...Harvard College Women’s Center, said that she especially appreciated the contributions of the audience members. “I was really impressed with the level of honesty, and that people were willing to share,” said Marine. “This is a complex subject, and it’s difficult to talk about sometimes. [It’s] fraught with a lot of silence, hesitation, and ambivalence, especially by white people.” Loc Truong, assistant director of the Harvard Foundation, said that he felt that a major take-home point from yesterday?...
...series of questions from concerned staff workers, perplexed professors, and student activists. Faced with a $220 million deficit over the next two years, every member of the assembly had some reason to worry. “Each of us represents his or her own segment of a huge, complex organization,” said Robert Darnton, director of the Harvard University Library. “And the questions naturally take the form of ‘What about me?’” Confirming his own observation, Darnton continued, “I have to admit, Mike, that...
...highly-classified EXACTO program began a year ago, when the U.S. military's band of scientists and engineers at the Defense Advanced Research Projects Agency (DARPA) - which played a key role in the creation of both the Internet and GPS - let the military-industrial complex know it was seeking a supergun. "The ability to more accurately prosecute targets at significantly longer range would provide a dramatic new capability to the U.S. military," DARPA'S solicitation for bids said. "The use of an actively controlled bullet will make it possible to counter environmental effects such as crosswinds and air density...
...Apirat knows that merging political hues - and disentangling the complex web of shifting relationships between Thai politicians, military officers and those who serve the King - is an all but impossible task. After all, Apirat's own father, General Sunthorn Kongsompong, was a key architect of the 1991 army coup that culminated in a bloody crackdown against demonstrators in May 1992. Thailand's version of Tiananmen ended when the King brought together the country's two main political antagonists, who were pictured on television kneeling in front of the stern-faced monarch. In a surprising move on Monday, a group...