Word: mutualized
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...JPMorgan Chase Loan losses: JPMorgan largely avoided the troubled subprime-lending game. Not so Washington Mutual, which JPMorgan acquired in 2008 in an FDIC-brokered deal. With housing prices still falling, many of those WaMu loans are going unpaid. JPMorgan has $105 billion in credit card loans, which could cost the company some $18 billion. And there is an additional $262 billion in corporate and commercial loans, which, according to Roubini, could tally $26 billion more in red ink. All told, it's a $97 billion loss for JPMorgan...
...When necessary, Sarkozy says France will continue to oppose the U.S. on issues like the Iraq war, international finance, and environmental protection. But mutual objectives are so generally in line now, he argues, that France's exceptional status in NATO has become nonsensical. "You can be sure that by the month of April we will try to realize the great ambition for this family that we are part of," Sarkozy told an international security summit in Germany last month. "The alliance with the United States and the alliance with Europe does not compromise the independence of my country...
Harvard Law School Professor Alan M. Dershowitz has called for a “counter-disinvestment campaign” against Hampshire College unless the school explicitly denies claims that their recent decision to withdraw from a mutual fund represents an act of divestment from Israel. Hampshire administrators decided earlier this month to withdraw investments from a State Street mutual fund with holdings in six companies contracting with the Israeli military, after a college student group, Students for Justice in Palestine, petitioned the school to divest because of the companies’ ties to what students called “Israel?...
...involved with the team,” his father says, “those guys are unbelievable. I can’t even explain it; it’s almost magical.” According to Tim L. Murphy, head coach of the Harvard football team, the feeling was mutual. “He was just one of those kids that was easy to embrace,” says Murphy when asked about Zach, “because he was just an adorable child. Everyone on our team felt an attraction and empathy towards him naturally, like they would...
...Daschle and Richardson volunteered to leave the nomination process once their appointments became political liabilities. Gregg was a political asset to the President, one Obama boasted of in his Monday press conference, until the withdrawal. As any teenager will tell you, it's far better when a breakup is mutual than to get dumped when you least expect...