Word: default
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That schedule of Christmas events is now the default tradition for most Americans. Some pastors understand the cultural emphasis but consider it an obstacle to focusing on the spiritual messages of Christmas. "We've seen churches embrace the Americana idea of Christmas," says Michael Hidalgo, lead pastor at the multi-denominational Denver Community Church. "Their heart is in the right place, but in some ways they end up looking like Target celebrating Christmas." Others, though, have accepted the idea that Christmas Day is a time for family instead of religious reflection. "I think it is our job to get Christmas...
...bonds of similar maturity. (That spread has tripled over the past year.) Or consider junk bonds, as measured by Merrill Lynch's High Yield bond index, which yield a jaw-dropping 22%. Of course, junk bonds come from the riskiest borrowers, and a deep recession could drive up the default rate among those companies. But current lofty yields imply investor expectations that one-fifth of these bonds will default, according to Moody's, even though the recent default rate in this sector has been around 3%. Notes Kirk Hartman, chief investment officer for Wells Capital Management, a division of Wells...
...than all the illegal immigrants from Mexico in the world. And you can quote me on that. 11. FM: So how do you identify yourself nationally?JK: I’m an American and an African-American. I’m an American. That becomes more and more the default of all of us. I love America the more the worse it gets. Maybe I can love it less because it is going to get better. 12. FM: So how do you feel about Obama?JK: Oh my God, I still smile every time I see him. I know...
...there's a large group of people I don't know, I definitely get nervous. There are two options to deal with this: wither away and be a wallflower while you're singing - which I can never do - or to be overly excited, which tends to be my default way to deal with nerves, and it always makes me look somewhat psychotic. Nobody wants to be the guy who's already jumping up and down when it's only the second song and no one else is at that point...
...thinks the government should do more to stop foreclosures. He named a number of possible programs, including a plan floated a few weeks ago by Sheila Bair, who heads the Federal Deposit Insurance Corporation, for the government to pay mortgage servicers $1,000 per modification and split the default risk in order to encourage them to lower the monthly loan payments of borrowers at risk of foreclosure...