Word: grades
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Dates: during 2000-2009
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...that of most of the previous Goldman bosses. In December 2006, Viniar led a meeting of senior Goldman executives to examine ongoing daily losses in the firm's mortgage portfolio. Goldman had already underwritten and sold billions of dollars' worth of mortgage-backed securities, much of it labeled investment grade by ratings agencies. It was, in fact, junk. But Goldman realized earlier than most that rot was setting in and famously decided to pull back from the mortgage market. The firm then shorted various mortgage-securities indexes - betting that prices would fall - at the very moment that other firms were...
...about the hook," says Jennifer Wilnewic, a seventh-grade math teacher in Elgin, Ill., who plans to use the fantasy-football curriculum again this year. As the summer winds down, Wilnewic is prepping her lessons. "I'm going to have [Chicago Bears quarterback] Jay Cutler on my team," she says. Who knew the future of our children might depend on fantasy football...
Mounting demand for congressional travel may help explain why the House initially ordered the Pentagon to buy two more $65 million Gulfstream V jets as part of the $636 billion defense budget, along with a pair of $70 million military-grade Boeing 737s...
...Grade Inflation: 1. The supposed across-the-board raising of grades to undeserved levels by Harvard professors. 2. The sworn enemy of Prof. Harvey “C-” Mansfield ’53. 3. Hard to find, like Bigfoot or the Loch Ness Monster...
...homemade rockets. But he says he was a mere A-minus student, an "academic black sheep" - at least compared with older brother Gilbert, a straight-A valedictorian who studied physics at Princeton and is now a biochemistry professor at Stanford. After quitting school for a while in ninth grade - "I was tired of competing with Gilbert" - he didn't make the Ivy League, so he settled for the University of Rochester. His father once told him he'd never succeed in physics. "What he meant was, compared to Gilbert," recalls younger brother Morgan, a high school dropout who still earned...