Word: lowing
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...yardstick by which Hollywood measures success, he couldn't produce: his films were rarely moneyspinners. And now he was in the middle of making a small, relatively low-budget film filled with little-known actors that has absolutely no appeal to ticket-buying, popcorn-munching 18-to-24-year-old males - and it's not even showing in cinemas, instead going straight to TV. Could it possibly be a hit? "I've given up thinking about results," Minghella told TIME recently. "It's just all about the process. As long as I'm working with good people and we enjoy...
...Credit default swaps were seen as easy money for banks when they were first launched more than a decade ago. Reason? The economy was booming and corporate defaults were few back then, making the swaps a low-risk way to collect premiums and earn extra cash. The swaps focused primarily on municipal bonds and corporate debt in the 1990s, not on structured finance securities. Investors flocked to the swaps in the belief that big corporations would seldom go bust in such flourishing economic times...
...event next year. The $2.1 billion would come from cuts in other federal programs, but the amendment does not specify the sources of the offset. Another amendment, proposed by Sen. Edward M. Kennedy ’54-’56 to permit future Congressional action to provide more low-interest loans to college students, also passed in Thursday’s session. —Staff writer Clifford M. Marks can be reached at cmarks@fas.harvard.edu
...Trojans of Mount Olive (14-5) at the Malkin Athletic Center Saturday afternoon but lacked the energy to stay with the feisty visitors.“We just started out really slowly,” senior Jamie Crooks said. “Our starting point was so low that by the time we came back to really play it was too late.”Harvard lost its second matchup of the year to the Trojans by a score of 3-1 (30-20, 30-27, 25-30, 30-28) and the hosts dropped the first two games without posting...
...environment: a plan to cut sales tax, or VAT, on green goods and services to just 5%. British Prime Minister Gordon Brown, backed by French President Nicolas Sarkozy, was politely rebuffed at the summit when he outlined his proposal to give favorable tax treatment to such products as low-energy light bulbs and fridges...