Word: default
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Within a week, Fourtou secured a credit line of $994 million, enough to stave off default but not enough to keep the firm running smoothly for long. A few weeks later, he borrowed $1.96 billion more. Then Fourtou took out his scalpel and started to operate. "It was a matter of survival," he tells TIME. "I had to survive the first days, then the first weeks." Even though Moody's did downgrade Vivendi, Fourtou has pulled the company through...
...HUPD detective arrested Clark Caravan, 44, of Somerville, Mass., on three warrants, including one warrant from HUPD for theft of an LCD projector, a warrant from the Northeastern University Police Department and a default warrant from Quincy District Court...
...policy on keycard access—with universal keycard access (UKA) being the “default” system in place beginning this September. The Council’s decision is a long awaited and encouraging step, and we strongly encourage all House Masters to adopt the default system. The issue of UKA is of utmost importance because of the relevant safety concerns involved. Anything short of full UKA, and the College should consider taking decisions about keycard access out of Masters’ hands...
...have not yet discussed this fully within the House, but my guess at this point is that we will go with the default option to have 24/7 access,” Georgi wrote...
Moreover, it is unclear whether scrapping the consolidated debt program would even save the federal government significant sums in the short term. The proposal would reduce college graduates’ ability to repay their loans, which would likely lead more students to default on their loans. The government would make up much of the difference...