Word: defaulting
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...covered all its bets around the world. But an unforeseen event, such as an earthquake in Tokyo or a coup in Latin America, sends markets crashing in some area. The bank's finely tuned hedging strategy is thrown off balance, and it has no choice but to default on its contracts. A whole chain of interlocking obligations snaps, setting off a series of uncontainable defaults that shake the world financial system. The remaining stock markets plunge, companies go bankrupt, and lots of people lose their jobs...
Needless, because, as Paul A. Allen, vice president and general counsel of Visa USA, points out, "There are always horror stories, but in reality, college students perform as well as or better than the credit card holding population at large." Roughly four percent of college-age cardholders default on their debt--about the same percentage as the cardholding population at large...
Last year the government issued 6.1 millionloans worth $18 billion, with default costsrunning $2.5 billion...
...Instead of promoting education, some Federal student-aid programs have been used to victimize students." In a Los Angeles congressional district, U.S. Rep. Maxine Waters says students use federal loans to matriculate at fly-by-night trade schools and cannot find jobs after they graduate. They default on the loans, can't get credit, and are unable to escape poverty. Taxpayers pick...
Brooks' feature films are utterly personal. He writes them alone, he draws characters from his own drives and insecurities, he creates stories for himself that he hopes audiences will like. The films are intimate sagas, chamber epics, where a life and a movie can pirouette on the subtlest default of principle...