Word: interestedness
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And that's what causes the problem. Every securitization deal creates some AAA-rated bonds and some lower-quality debts. In a typical credit-card securitization, as much as 15% of the bonds created will have ratings lower than AAA. And the government plan does nothing to help banks get...
The blossoming of a new European cinema in the decades following the Second World War marked the beginning of a distinct cultural epoch on the continent. The 50s and 60s brought a generation of cinematic geniuses like Ingmar Bergman, Jean-Luc Godard, and Federico Fellini to light, along with a...
Perched atop Dr. Manhattan’s Martian crystalline palace, “Watchmen” hero Laurie Jupiter gazes deeply into his white eyes. She pleads desperately for him to prevent the Earth’s impending nuclear destruction but Manhattan continues to stoically admire the surrounding landscape. His...
Beads, flowers, freedom, and happiness abound in New York City these days. Well, not really but the “Age of Aquarius” has come back to Broadway with the new revival of “Hair,” and 50 Harvard College students got a sneak...
Meanwhile, there is popular disgust with the current crop of politicians, who are perceived to be ineffective at running the country and more interested in positioning themselves for the next presidential elections, set for 2012. Lawmakers recently fended off an attempt to tax their salaries, already among the highest in...