Word: discounters
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...Although only $10 billion of assets were liquidated, they fetched just 60 cents per dollar of book value. J.P. Morgan, in purchasing the assets, noted that, “Our more conservative financial policy puts us at a disadvantage in buying wind-farm assets—hence the large discount.” As a result of the fire sale, Pro-SWIFT creditors experienced significant losses...
Yifan Zhang ’10, the founder of Styleta, and Charlene C. Wang ’11 organized the swap where students could borrow dresses on loan from fellow students. Students who lent their own dresses received a $5 discount off the $10 borrowing...
...Stockholm Environment Institute's center at Tufts University. "If, say, we value CO2 damages at $20 a ton, then $15 per ton is considered an acceptable cost to ameliorate it. If the SCC is $2, spending $15 seems out of line." The other key statistical variable is the "discount rate," which establishes how to account for future costs and benefits in today's currency. A high discount rate implies that what happens years from now should have less bearing on decisions made today. Inherent in this seemingly technical point is the question: what do we, citizens today, owe the people...
...study looked at damages at different SCC and discount rates. "Using the mid-range EPA figure, the cumulative global cost between now and the middle of the century will exceed $7 trillion," says Goodstein. "This means that every working adult will have to pay half of a year's salary just to cover the damage of the breakdown of the Arctic air conditioner." The higher figure used in the survey, based on the U.K.'s 2007 Stern report, yields significantly greater damage estimates...
...acknowledging the lack of data, however, researchers like Dr. Scott Grundy of the University of Texas Southwestern Medical Center in Dallas have long argued that statins should be prescribed to women at moderately high risk for heart disease. Grundy says the underrepresentation of women in drug trials does not discount statins' benefit; it results only in a failure to show a statistically significant effect. Grundy was one of the authors of the 2001 national guidelines for lowering cholesterol and the 2004 revisions that greatly expanded the use of statins - and were criticized because of his and other authors' ties...