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...past four years, seven of the biggest card issuers packaged more debt into securities, which they sold to investors, according to USA Today's assessment of banking records. But with credit-card defaults rising and a general "flight to quality" this year brought on by the subprime mortgage crisis, fewer outlets are willing to buy the debt. "The securitization market for credit cards was operating for the first half of 2008 but is now shut down, making it harder to securitize credit-card debt," says Arthur Wilmarth, finance professor at George Washington University Law School. Banks, forced to keep more...
...sure if you looked at the way we rebounded and defended at home versus on the road, there would be a big discrepancy.”The Crimson was much worse statistically than it’s hosts on the road, commiting about two more turnovers, grabbing two fewer rebounds, and blocking one less shot than its opponents per game. “We need to bring defense and consistency to our game,” Pusar says. “When we play well, as we saw in the Michigan game, we can beat anybody. But you have...
...identifies the advantages of being outside of the established systems, he is not self-important or righteous enough to find them below him.Over the past two years, TV (as tinyvices is abbreviated) has had a baker’s dozen of shows in real-life galleries located in slightly fewer cities. What’s perhaps most surprising is that the shows, just as sprawling as the ones online, translate to physical space in a way that is both natural and honest to their origin.A show this May at the New York Photography Festival, curated by Barber, featured a collection...
...instead of the 20s—and the inclusion of more female roles to signify the emergence of women in the workplace, the end result yields a startling change: a newly revised cast list that includes five female and three male reporters. “Traditionally, there are fewer roles for women,” Coles says. “But it has been interesting reframing the play and changing the lines while still maintaining the integrity of the playwrights’ intent.” And in a broader sense, despite the script’s rather anachronistic language...
...majority of Americans agreed. Taxes and regulations were cut and cut again, and for the most part, the economic pie grew. In the 1980s and '90s, the garden of American capitalism became a pretty energetic place. But it became a scarier place too. In the newly deregulated American economy, fewer people had job security or fixed-benefit pensions or reliable health care. Some got rich, but a lot went bankrupt, mostly because of health-care costs. As Yale University political scientist Jacob Hacker has noted, Americans today experience far-more-violent swings in household income than did their parents...