Word: efforts
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...institutions. But the result has been to create a system in which getting a rating of a particular level is equivalent to "a regulatory license - a key that unlocks the markets," says Frank Partnoy, a law professor at the University of San Diego. In 1975, the SEC, in an effort to better define who was a legitimate rater of bonds, designated certain firms "nationally recognized statistical rating organizations" (NRSROs). Today, if you are a bank or a pension fund or an insurance company you have a firm grasp of the safety of your bond holdings - they're as safe...
...Switzerland's one step further along. In an effort to fend off the threat of deflation, the Swiss National Bank announced March 12 it would dump francs in the first such move by a major central bank for years. The move was enough to cut 3% off the currency's value against the euro; since then, the franc's fallen further still. Even the greenback, which rallied in recent months, stands at its lowest level against the euro since early January following the Fed's announcement last week that it would spend some $1.2 trillion on government and mortgage bonds...
...think we should all keep doing that. And that's why being a scientist is the best job in the world. There's a lot of misinformation out there, like the CD thing, and it's nice to be able to explain the truth to people. With a little effort, you can learn something that lets you see the world in a completely different light...
...Tay—the flashy point guard and catalyst of the Harvard offense—actually had a subpar effort by her standards, but gave an adequate summary of her career contributions in the final two scoring plays of the Crimson’s season...
...these technology upgrades are necessary, says Rickey Smith of the Army Capabilities Integration Center, because "the Taliban have evolved and the more robust they get, the more counterinsurgency and elements of national power are needed to kick into the effort." The urgency felt by the Pentagon is reflected by Gen. Richard Cody, formerly the Army's vice chief of staff, as he talked about fielding ODIN throughout Afghanistan: "We are building as many as we can as fast...