Word: default
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...nevertheless places her under a perpetual spotlight. Every aspect of her life is fair game for scrutiny, from fashion faux pas to comments about female scientists to the car she drives. How a person chooses to travel can say a lot about her, but Harvard provides a default mode of transportation. Along with an official residence, the University offers its commander in chief a black Lincoln town car, which once sported a license plate reading “1636.” “The Corporation provided in hiring me as president that the university car would drive...
...this fall. When he returned to campus, he was surprised and a little wounded when his swipe card was canceled, preventing him from getting into storage and to extracurricular meetings within Houses. Harvard policy allows all students who move off campus retain their swipe access. Pearlman says that the default appears to be that students must request to have their access maintained...
...audience needed a rooting interest, and because Clint was so damn cool, he established the new mode: hero by default. The good guy was the one with the fastest gun, the meanest scowl and top billing. And that perpetual three-day beard that Toshiro Mifune had worn in the same role in Yojimbo; in Hollywood Westerns, the hero's visage was typically hairless, while villains sported a dastardly mustache. Eastwood's scruff became a fashion statement that lives today on the carefully unshaven faces of pop stars and young actors. And his surliness, transposed to the Dirty Harry Callahan character...
...Sept. 17 that it would guarantee all deposits held with Northern Rock. "I want to put the matter beyond doubt," announced Alistair Darling, the Chancellor of the Exchequer, putting British taxpayers on the hook for billions of dollars of Northern Rock deposits in the (extremely unlikely) event it did default. Users' cash squirreled away at the bank, he said, "will be guaranteed safe and secure...
...products" - hedge funds and other supposedly sophisticated players - replaced banks as the engines of credit creation in recent years. Unlike banks, however, these institutions lack deposit insurance and do not have direct access to central bank lender-of-last-resort safety nets. When the quantitative models used to measure default risk on the new mortgage-backed instruments vastly underestimated actual delinquencies, many of these investors found themselves with unexpected losses. Concern about just how far these losses extend - and whether major financial institutions are at risk - has caused global stock and bond markets to tremble in recent weeks as investors...