Word: fractionalized
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...first cracks in the SWIFT model appeared in October of last year, with the failure of the relatively small Pro-SWIFT. Pro-SWIFT had an imprudently large fraction of its assets invested in a single Georgia wind farm, which was forced to shut down for two weeks over protests that its turbines were killing large numbers of local waterfowl. The resulting revenue loss forced Pro-SWIFT to sell assets in an effort to service its maturing short-term debt. Although only $10 billion of assets were liquidated, they fetched just 60 cents per dollar of book value. J.P. Morgan...
...billion to the “Race to the Top” initiative that gives states an immediate monetary incentive to monetary incentive to reform dilapidated public schools. As part of the broader American Recovery and Reinvestment Act of 2009, Race to the Top—a small fraction of the total $96.8 billion allocated to the Department of Education under the stimulus package—is a wise investment. The program counters the influence of unions and defers to the longstanding autonomy of local school boards in order to implement policies those boards consider worthwhile. The program also introduces...
...unequivocally a symbol of Europe’s Islamification—even though only an estimated 1,900 women wear the full veil in France out of six million Muslims. Polls indicate that 70 percent of the French public supports a ban on the burqa, even though a fraction of this number would be in favor of outlawing similar expressions of faith from other religions such as crosses and yarmulkes...
...even a small fraction is released each year, it would surpass the amount of carbon released by humans,” wrote David S. Sayres, a research associate involved with the project, in an emailed statement...
...newly discovered “black silicon” is created through a laser treatment inside a chamber filled with sulfur gases—a procedure that allows silicon to absorb a larger fraction of the solar spectrum, according to Meng-Ju Sher, a physics research assistant...