Word: crediteers
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...that percentage is not met, GM will file bankruptcy. Many Wall Streeters believe the prospects for such a major swap of GM stock for debt are dubious since bondholders expect to fare better in bankruptcy. Some bondholders are said to have positioned themselves for a bankruptcy filing by buying credit default swaps, which would pay off if GM filed for Chapter...
...bottom of the inning, when senior Matt Rogers turned on a Murray pitch and launched it over the left field fence.“I thought Rogers ran into a mistake pitch there,” Harvard coach Joe Walsh said. “I give Rogers some credit, but they had him 0-2 and put it right up there.”The Crimson would go down 4-2 before executing its late-game comeback.DARTMOUTH 14, HARVARD 2Youth has its charms, but in baseball it can also be a burden.Because of the injuries and ineffectiveness that have plagued...
...Photo Credit: Wikimedia Commons/Jacob...
...student," says Mark Kaiser, associate director of the Berkeley Language Center. "They fail to present language as a representation of that language's culture." Author and entrepreneur Tim Ferriss, a regular language acquisition blogger who has become fluent in Spanish, German, Chinese and Japanese, is quick to credit Rosetta Stone for engaging more people in language learning. However, Ferriss argues that by shunning grammar and exercises leveraging one's native language, Rosetta Stone slows the learning process. "There's a real benefit to having the right dose of grammatical awareness, as well as English explanation," says Ferriss, whose book...
...Steelmakers around the world have indeed been hit by falling demand from automakers, shipbuilders, construction and heavy-engineering sectors. Tight credit and the need to generate cash flows have resulted in a massive drop in steel inventories industry-wide...