Word: levelling
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...intentions were good. Ratings were a tool for assessing the safety of financial institutions. But the result has been to create a system in which getting a rating of a particular level is equivalent to "a regulatory license - a key that unlocks the markets," says Frank Partnoy, a law professor at the University of San Diego. In 1975, the SEC, in an effort to better define who was a legitimate rater of bonds, designated certain firms "nationally recognized statistical rating organizations" (NRSROs). Today, if you are a bank or a pension fund or an insurance company you have a firm...
...coincidence that these bitter arguments come as France is seeing its wine output and sales fall. Italy has now replaced France as the world's largest wine producer. France's 2008 production level was about 1.17 billion gallons (4.44 billion liters), down by a quarter compared with 2005 output. Meanwhile, consumers continue to lap up New World wines...
...video. Lil’ Wayne and Dave Meyers, who co-directed “Prom Queen,” were probably aware that Lil’ Wayne’s guitar skills aren’t really hard-rocking, nor rocking at all. They attempt to raise the level of rock in “Prom Queen” by employing a gratuitous dose of seizure-inducing camera effects. Bluish stage lights flash constantly, scene changes occur in sporadic bursts, and every drum fill thrashes the camera like an earthquake. The inspired music is matched by a truly inspired story...
...study, published in the Mar. 20 issue of the journal Science, found that the women made significantly more accurate predictions of their own level of enjoyment when provided with the experience of another woman in their social group...
...points out that last year's IPL match in Jaipur between the Rajasthan Royals, led by Australian bowling great Shane Warne, and the Bangalore Royal Challengers with players from South Africa, England and Australia, went ahead despite a deadly terror attack in the city just days before. "At one level, it's a game people love and will do anything for," Rajaraman says. "At another, there is greater faith in India than there is in Pakistan...