Word: creditably
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...curious choice of moving to the capital-markets desk at the Financial Times--bonds, mortgage securities, derivatives. Arcane stuff, numbing stuff. Did she sense something? Tett eventually found herself covering the biggest financial story in a generation. Fool's Gold tells how a team at J.P. Morgan popularized credit derivatives, then pulled back worriedly just before the rest of the banking world was nearly destroyed by them. The physics of finance is complex, but Tett explains the world of derivatives as well as any book for lay readers ever...
...gypsy-curse shocker Drag Me to Hell, looks to come in an O.K. third, with $16.6 million. Like Up, it's a film with no stars, but a star director of sorts: Sam Raimi, who did the Spider-Man movies and, ages ago, the Evil Dead cult trilogy. Credit Drag Me to Hell's success to a generous PG-13 rating and to the loyalty of genre fans who haven't been able to go to a new horror film in, gee, almost two months. (See TIME's video "Making Drag Me to Hell More Hellish...
...able to avoid many of those loan losses through loan modifications or "through blocking and tackling," as he put it. Parkus, though, said that outlook was too positive. He countered that banks will have a very tough time refinancing the poor loans they made at the height of the credit bubble. "There are very large losses embedded in the system," he said...
...graduate career. “It’s such an honor to be given a fellowship like that,” Yao said. “It allows you to choose any research adviser and gives you so many opportunities in grad school.” Yao credits his undergraduate research advisor, Physics professor David A. Weitz, for much of his success. “My work in the Weitz lab has been the cornerstone of my undergraduate experience and has taught me about the importance of interdisciplinary research,” Yao said in the press release issued...
...that any solution is in the offing immediately, even after 11 hours of talks in Berlin. German participants said the U.S. government and GM appeared to be stalling. For weeks, talks have focused on a German government-backed credit for Opel of €1.5 billion ($2.1 billion). But German officials said the U.S. surprised them on Wednesday with a new demand for an additional short-term credit of €300 million ($416 million). The U.S. government also rejected the German government's plan to impose itself as a kind of administrator over Opel's management. After the meeting, the Germans...