Word: instruments
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Dates: during 2000-2009
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...insurance policy, not on yourself, but on a sick man who lives down the street. That way, if he dies, you’ll be sure to turn a profit. This is but one of many bizarre features in the world of credit default swaps—a financial instrument that crippled our global economy. While many different events and policies contributed to the financial crisis, it is safe to point a finger at credit default swaps. The U.S. government should decisively regulate these complex financial instruments...
...test long used by psychologists, celebrities averaged 17.84. Longtime stars and newbies scored similarly, which might lead you to conclude that fame doesn't turn people into narcissists - it just attracts them. The more a person's fame was the unintended by-product of a skill, like playing an instrument, the lower the score. Reality-show participants landed numbers you'd expect only from 2-year-olds and fascist dictators. (Watch Stein interview celebrities on the TIME 100 red carpet...
Some lives are like Hollywood soundstages, all façade, and suicide is the instrument by which their hollowness is revealed. Increasingly, though, this tragedy works in reverse. Hollow men (it's almost always men) add mass murder to their suicidal outbursts, hoping to mask their nothingness with a front of brutal significance...
...breadth, with 52 percent of the vote (150 people). In-house had 48 percent of the vote (136 people). But HoCo opted to ignore the majority ruling, deciding to conduct an in-house formal anyway, because it was more “economically feasible." Ahh, how the noble instrument of democracy is scorned...
...Last year AIG admitted that the company's Financial Products division entered into credit default swap agreements with banks that bought and securitized loans. CDS are a financial instrument that mimics the characteristics of an insurance contract. These instruments were most exposed to risk when the securitization market blew up following the housing market collapse. Not only is the company almost entirely owned by the government, but many of the executives receiving the bonuses are the same executives that marketed the CDS agreements that caused its downfall. (Read "Treasury Learned of AIG Bonuses Earlier Than Claimed...