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...credit markets which began the recession on a drop in US housing prices and devaluing of subprime mortgage-backed securities. The Wall St. experts who created these financial instruments failed to predict how quickly low-quality mortgages would default to some extent because the national value of housing had gone up for decades. But, as defaults did rise, the value of these derivatives cascaded and the banks and other institutions which held them were required to take massive losses. At Davos, Russian and Chinese leaders attacked the U.S. for the "failure" of regulators which allowed the spread of toxic derivatives...
...most, all the group can do is revoke society membership from a clinic gone astray. "We have no legal authority to stop someone from practicing," says Tipton, the group's spokesman...
...some of our employees are a little spoiled. I work 12 hours a day, but our workers work less than eight. Now there is competition. Maybe we should all pull our sleeves up and work harder to support and maintain the know-how in Italy, because once it's gone it's gone...
...captain guard Andrew Pusar each missed the front-ends of one-and ones in that stretch as the team made just 1-of-6 attempts in the first half. It also turned the ball over 13 times, which would look worse if the visitors hadn’t gone one further, committing 14 turnovers in the first 20 minutes. In the second half, however, Penn turned it over only twice, compared to six for Harvard, helping the visitors overcome their 44.4 shooting percentage in the game. “We had a lot of energy in the first half...
...compete hard.”Junior co-captain J.P. O’Connor echoed his coach’s assessment, making a note of the need for improvement.“It was tough outing,” he said. “Everything that could have gone wrong did, and we just wrestled poorly. We’re going to try to put [the BU match] behind us very quickly.”The Crimson did pick up two wins, but suffered four falls and a major decision in a lopsided defeat to a Terrier team that tied Harvard...