Word: directional
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...know that there are an infinite number of paths you can choose to direct your ship...All of the possibilities will get you to the right destination for you, but the ports of call along the way will determine the quality of your trip...
...firm can purchase a CDS on a company with which it has no direct relationship. Consequently, if a firm looks like it will fail, one can purchase a CDS on it so that when it collapses one receives the insurance payout. This incentivizes firms to work against each other and was one reason why Lehman Brothers collapsed. As the Financial Times asserts, “a house insured for more than its value is always considered a fire risk.” Healthy competition among banks is essential to a vibrant economy, but incentivizing the failure of banks...
...first feature film was called “The Gambler”; he penned the screenplay for “Bugsy”—the Oscar-winning 1991 film about celebrity gangster Bugsy Siegel’s ventures in Vegas—and he wrote and directed “The Harvard Man,” a semi-autobiographical account of an epic sophomore year LSD trip. According to Toback, when Tyson first met him, he recognized him as “that white guy in the middle of the orgies at Jim Brown’s house...
...before the Summit of the Americas in Trinidad, looks set to reverse Posada's good fortune. Wednesday night, federal prosecutors filed a superseding 11-count indictment against the aging militant in which, for the first time, the U.S. links him to at least the 1997 bombings. It doesn't directly charge Posada with the crime, but it accuses him of lying about his role in it, claiming he perjured himself and obstructed justice in 2005 when, while answering questions from immigration authorities, he denied involvement in the Havana attacks even though he had told the New York Times...
...Thanks to the country's lax debt laws, the judicial route for lenders to recover what's owed them is slow and tortuous, so many lenders are turning to a more direct approach to get their money back - tapping into the Spaniards' fear of public humiliation. As a result, companies offering costumed collectors who recoup debts simply by showing up at a home or office and embarrassing the debtor in question have proliferated in Spain. But their days may be numbered, now that a committee of the Spanish parliament has approved a proposal to regulate the industry, a first step...