Word: defaulters
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...tough through that tournament, but the Crimson, powered by their freshmen talent, prevailed. This time the Terriers had an even more daunting task, as BU was short a couple of players due to injury and forfeited the No. 6 singles slot and the No. 3 doubles position. Despite the default wins, the freshmen and sophomores that compose the majority of Harvard’s roster showcased a great deal of skill and ability through Saturday’s contested matches...
Junior Agnes Sibilski clinched the singles sweep for the Crimson with a win at the No. 5 spot, because Harvard’s final freshman on the roster, Alex Lehman, won her match by default at the No. 6 position. Sibilski blew past her opponent, Inayat Khosla, in two sets...
...though, many new owners have been unable to meet their overly ambitious rent roll increase targets, and many of these investments are in danger of buckling under the high debt servicing costs. Finance industry watch lists are already full of private-equity-financed deals in danger of default. That has local officials scrambling to find "preservation buyers" who are willing to take on these properties with the expectation of a more modest 7%-8% annual return...
...middle-of-the road Radical Party, which lost its role as the counterbalance to the populist Peronists when Argentina's dual-party system broke down following the downfall of the disastrous Radical administration of President Fernando de la Rua in 2001. Economic collapse and social unrest led Argentina to default on $141 billion in foreign debt. Since then, the rambunctious Peronists have dominated Argentina's political scene, first under Nestor Kirchner, who oversaw the country's return to decent economic health, and then under his wife Fernandez, who was labeled Argentina's new Evita when she won the presidency herself...
...Johnson, of the Roosevelt Institute, says the single most important reform would be to force unregulated financial products, such as credit-default swaps (CDSs) and collateralized-debt obligations (CDOs), onto government-watched public exchanges. CDS contracts are widely blamed for the demise of insurer AIG. Johnson says that making the CDS, CDO and other markets like them more transparent would limit the ability of financial executives to take the extreme risks that can cause their firms to fail when markets go awry...