Word: generalization
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...credit-card industry has fueled some if its growth. Over the 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...
...city of Mandalay. Than Shwe himself brooks no dissent. The offense of Saw Wai, the poet who was sentenced to two years in prison? Writing a love poem published in a weekly magazine in which the first words of each line spelled out a brazen message: "Power Crazed Senior General Than Shwe...
...Indians have almost stopped reacting to terror incidents with shock and horror. But recent news of the arrest of 10 people linked with two relatively small terror attacks earlier this year has created a national furor, and is likely to skew political parties' calculations ahead of next year's general elections...
...been hope for a release on Nov. 11 because of international appeals. Instead Sinduhije was charged and transferred to Mpimba prison. Ngoga-Gateretse, who is also a member of a Burundian opposition party and a friend of Sinduhije, "strongly believes" that high-level government leaders, including President Nkurunziza and General Adolphe Nshimirimana, head of the country's intelligence service, pressured lower-ranking officials not to release Sinduhije. According to Ngoga-Gateretse, who is based in Maryland, Burundian authorities are holding Sinduhije in spite of international pressure. "The problem is," Ngoga-Gateretse writes in an e-mail, "Nkurunziza does not understand...
...Such grousing contrasts with the cheers Sarkozy drew during the darkest hours of the crisis with his clarion calls for a "refoundation of modern capitalism." Also waning is the general enthusiasm unleashed by British Prime Minister Gordon Brown's appeal to establish a "new Bretton Woods [by] building a new international financial architecture" - a revision of the original 1944 accords that envisioned turning the International Monetary Fund (IMF) into a global regulator of markets unified under common rules...