Word: defaulting
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...MORTGAGE BUST As more homeowners default, insurers face a rash of claims, spoiling their once sterling credit ratings...
...recent subprime mortgage crisis has closed the doors to American homes and hedge funds alike. The most commonly cited explanation for this is that an unforeseeable collapse in home prices forced homeowners to refinance their adjustable-rate mortgages at unrealistic rates, resulting in payment delinquency and outright default...
...addition, we welcome the move many students seem to be making toward other fields of interest. In the past, a large number of freshmen have opted to choose Government simply by default, because it was “the thing to do.” This mentality is reprehensible, as a reasoned and deliberate concentration choice is one of the most important decisions a Harvard undergrad will make. The reduction in Government concentrators can be seen, in part, as a welcome change in behavior: With more time to choose a field, students are tailoring their academic decisions to their particular...
...It’s possible that some students were Government concentrators as a default,” Hochschild said. “If they’re finding a smaller concentration that better suits their interests, maybe that is good for everybody...
...Reclining Figure: Arch Leg from 1969, with its complicated balance of volume and void, are proof that Moore's gift for forceful, enigmatic forms didn't entirely desert him even in the '60s. He was the opposite of a Baroque sculptor. No corkscrewing flights of form for him. His default mode was a block volume as static and weighty as a desert mesa, or as the reclining Chacmool figures of pre-Columbian art that were another of his early inspirations. But by dividing a figure into two or three separate parts, an approach he started taking as early...