Word: firmness
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...This trust requires considerable faith in rating agencies, such as Standard & Poor’s and Moody’s. To make a low-risk purchase of a CDS, a firm needs to buy from an insurer with an excellent credit rating. If any of these ratings are inaccurate or get downgraded, this will dramatically affect the CDS and cause panic. Therefore, the government must institute a reasonable collateral requirement for the sale of CDSs. Further, rating agencies must closely monitor investing schemes that use insurance from highly rated firms like AIG to make risky investments in poorly rated firms...
...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...
...also shared by the Zurich-based Barry Callebaut, one of the world's leading manufacturers of industrial cocoa and chocolate. The company maintained stable sales volumes and increased profits by 4.7% in the fiscal period ending in February of this year, which spokeswoman Josiane Kremer attributes to the firm's expansion into high-growth emerging markets such as Eastern Europe, Russia and China, as well as market share gains in North America. (See pictures of trade between China and Africa...
...Greenberg's lawyers, Lee S. Wolosky, said the document appears to reflect the work of outside firms, representing a possible misuse of government funds. "I understand using a public relations firm as a place for reporters to call for basic information about the company and its current plans," he told TIME. "But when you're using taxpayer money to fund a campaign that attacks specific individuals by name, that is particularly egregious. Even if the screed was done entirely in-house, it still constitutes a questionable use of taxpayer money, since the in-house staff is essentially government employees. There...
...existential nihilist.” At one point he hands his favorite piece of Russian literature to his romantic interest and explains that the author later went insane and committed suicide. While the rest of the principle characters act with egocentric ingratitude for what they have, Joel stands firm as the unlikely moral bedrock of the story.In the film’s attempt to bridge adult drama with juvenile comedy, its one unequivocal success is the versatile soundtrack. The movie implies a setting in the 80s with a single shot of Reagan on a television screen, but period choice seems...