Word: juniority
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...billion. But if you accept that troubled-debtor logic, then it's only fair to apply the same logic to the money owed by Chrysler to the UAW's VEBA - so its chips should be marked down as well. (In fact, by law the VEBA's IOU is junior to the bondholders' IOU.) Thus, the VEBA's IOU should not translate into a 39% equity stake but a small sliver of that. (Read about Detroit's attempts to renew itself...
...campus for his undergraduate education. Young, eager, and motivated, Throntveit pursued a History and Literature degree. Soon, he was turning the heads of professors with his ideas on William James’s pragmatism and its effects on American politics, and won the Ralph Waldo Emerson prize in his junior year...
Three previous trials have established this much: on March 12, 2006, a small group of junior soldiers slipped away unnoticed from a lightly defended traffic checkpoint just outside the insurgent-infested town of Yusufiyah, 20 miles south of Baghdad. Nursing a hatred of Iraqis stemming from heavy losses their unit had suffered, and fueled by several bottles of Iraqi whisky, they embarked upon a premeditated crime of gruesome barbarity. Donning black long-underwear outfits as disguises, even though it was the middle of the day, they traveled a few hundred meters to an isolated farmhouse where they gang-raped Abeer...
...only hope that Arlen will be as independent as a Democrat as he has been as a Republican. - Rick Santorum, Specter's former junior senator, saying he was deeply disappointed in the decision (Politico.com, April...
...usually hires 90-100 high school students to serve as junior counselors in its camps. BYF funds about $56,000 in salary for these counselors, according to Gray, and losing that funding would possibly force the program to drop roughly half of its junior counselor staff...