Word: momentous
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Dates: during 2000-2009
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...bonuses until recently. In the brief note he sent to the Fed apologizing for the problem he said that the company's hands were tied. The employees getting the money had contracts guaranteeing them the payouts. Members of Congress have already asked whether the agreements were "legal." In a moment of lucidity, Lawrence Summers, a former Harvard president who is now the Obama financial czar said that abrogating contracts would led to a precedent that would ripple through the legal system and cause business and the public to lose confidence in the rule of law. To hear Summers talk...
...take a moment to review how AIG made money and why it's now losing so much. Most of AIG's losses have been attributed to its failing positions in credit-default swaps (CDSs). Essentially, AIG is swapping cash flows with other institutions: those banks pay AIG a small sum on a regular basis, and then under certain conditions - like mass foreclosure or corporations' defaulting on their loans - AIG pays out a large sum. In other words, AIG sold insurance; its problem is that it is paying out too much...
...officious mother (Nancy E. Carroll). The standout performance, however, is given by Philana Mia as Kalina, the young Eastern European girlfriend of Clay’s obnoxious brother, Cash. Her warm presence onstage allows her to alternate effortlessly between her character’s comedic and serious moments. Kalina is tender and loving, if at times offensive (she makes one particularly awkward comment about exterminating the gypsies, like they did with the Jews). In spite of these moments of bigotry, Mia makes Kalina’s lines the most heartfelt ones in the play.The set, designed by Cristina Todesco...
...This is our moment. We call upon you, the Harvard community, to seize this unique opportunity for solidarity. This Wednesday at noon, we will rally together as one community, with one voice. We will gather in front of University Hall to demonstrate our commitment to tolerance and acceptance. Though we cannot eradicate discrimination through a single rally, we only ensure its survival through silence. Only when we unite as one Harvard can we wipe our walls clean of ignorance...
...information up to his commanders and down to his men. All were pleased about the way this particular significant action had played out. It was the first time that Kim's platoon had managed to chase down and apprehend an attacker in Ras al-Koor. "It was a joyful moment for us," said Sgt. Keith Ussery, 32, of Columbus, Missouri, "because we've been getting hit so much for the last few weeks. What we're worried about is, is justice gonna get served...