Word: defaultations
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...simple arithmetic problems, you're sober enough to decide if you really want to e-mail your ex-boyfriend and tell him you still love him. With Mail Goggles enabled, Gmail will send your e-mails only after you have completed five arithmetic problems within 60 seconds. By default, the feature activates during weekend nights between 10 p.m. and 4 a.m., although the settings allow you to change the date and time. If you're more of a Tuesday afternoon drunk, Mail Goggles will be there for you. Of course, at that point, you might have bigger problems to worry...
What really surprises me: why did nobody ask the simple question, "What will happen if a large number of these subprime loans default? What will happen to banks and other financial institutions? Or was it only greed that made everybody ignore that what is happening now could ever happen. Did no one take into account that thousand of families would have their lives turned upside down - virtually overnight - if this scheme went wrong?" Frederik Steenbuch, OSLO
...obvious answer is yes. Banks are failing - 13 have gone under so far this year - and they're going to continue failing. One hedge-fund star said the markets are now pricing the chance of a default in the next five years by Morgan Stanley or Citigroup at 45% and 21%, respectively...
...venture. Although the new business will be separate from Facebook, Moskovitz wrote in a letter to his co-workers that the company will “feel like a natural extension of Facebook’s product and purpose.” Facebook will be the default option for identifying users on the new site, and the user interface will be similar to Facebook’s to facilitate easy navigation. In his statement to his co-workers, Moskovitz wrote that his experience at Facebook will stay with him even after he departs. “Facebook has been...
...theory, the bank has gone to court because Mr. Jones did not fulfill his requirements on his mortgage, and he's in default so they go ahead with foreclosure proceedings. Then we go out and find out that it isn't Mr. Jones who's living there. It's Mrs. Smith, who lives there with her three children. Has Mrs. Smith been served with anything...