Word: marchings
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...other mortgage bonds--and not just any. Jupiter's investments are made up of the riskiest portions of other bonds, some of which are themselves a collection of other poorly rated mortgage bonds. In a rising real estate market, such risks were deemed acceptable. When it was issued in March 2007, 93% of the Jupiter deal was rated AAA. But when things unwind--and have they ever--any default gets compounded by the chain of linked bonds. The multiplier effect works like this: while 4.4% of the typical loans tied to Jupiter's bonds are in default, nearly...
...Except that U2 isn't quite content. After an almost five-year absence, during which Bono was named one of TIME's Persons of the Year for his work on global poverty and the group was inducted into the Rock and Roll Hall of Fame, the band returns on March 3 with an album called No Line on the Horizon. It offers up a few new hits for the wedding playlist, but No Line on the Horizon is mostly restless, tentative and confused. It's not terrible, but it feels like the work of musicians torn between the comfort...
...extortion, forced attendance at public vilifications of exiled Tibetan spiritual leader the Dalai Lama. The list went on, culminating in attempts to make Tibetans celebrate the Lunar New Year, something Dorje and others told me they had refused to do out of respect for Tibetans killed in Lhasa last March when anti-Chinese protests turned violent. (See pictures of the Dalai Lama...
...curriculum, which the English department began in March and ratified in December, was approved outright by the Educational Policy Committee. Stephanie H. Kenen, EPC member and associate dean of undergraduate education, said that the committee refers about half of curriculum proposals back to departments, but in this case it only sent back questions...
...court's ruling is likely to feed support for the upcoming lawyer-led "long march," scheduled in two weeks. Sharif and smaller opposition groups maintain that Chaudhry is the rightful Chief Justice and should be reinstated immediately. The ruling coalition argues that he is "too politicized" to return to office. And while the opposition says it has no wish to derail Pakistan's fledgling democracy, critics fear that street protests could tip the country into deeper chaos, or even invite military intervention. Pakistan's armed forces have always been the country's ultimate power broker, if not its true center...