Word: defaults
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...Tamar March, dean of educational programsat Radcliffe, says that collaboration between thetwo schools is "not by design but by default." Shesays Radcliffe offers opportunities for theeducation of women by women that Harvard'sphilosophy of gender equality will not allow it toduplicate. Instead of co-sponsoring events, thetwo colleges are resigned to be divided...
...contracts, leaving Morgan out some $500 million. America's biggest lender, Chase Manhattan, saw its "nonperforming" assets in Asia triple in the first three months of 1998, to $243 million, due in part to derivatives. At the end of last year, its total risk from Asian derivatives--should others default--was more than $3 billion. Bankers Trust's derivatives' delinquencies have leaped from zero to $330 million in a year, and the compass points to Indonesian and Thai clients. In total, the bank has some $5 billion of derivative credit exposure in Asia. And Greenspan was quite right...
Thomson points out that if one or two large Asian parties default on their derivative contracts, computer screens around the world can be hit within seconds and instantly threaten other contracts. "It's like a bunch of climbers on a mountain all tied by a rope. But if one climber slips and falls into a crevasse, he can quickly drag the other climbers to their end with little chance of time for rescue," says Thomson...
When times get tough, these types of financial instruments are the first to default. "Companies do not view a default on derivatives as face losing," says Tanya Azarchs, a bank analyst with Standard & Poor's. "You can always say you didn't understand the derivative or the bank tricked you or whatever. Customers of derivatives just don't take it as seriously as a loan...
...self: gone, for example, are his trademark maple-leaf dorsal spines, now a forest of thorns. All that really remains is the Godzillic roar, pitched higher than a foghorn but just as resonant, sort of like a herd of elephants on methamphetamines. And that's by default. A whole audio team was given the task of duplicating the sound but couldn't. And so Devlin and Emmerich simply picked up the beast's original "yell" from Toho's sound library...