Word: occurs
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...amazes me that nobody seems to have asked the simple question, "What will happen to banks and other financial institutions if a large number of subprime loans default?" Or was it only greed that made everyone ignore the disaster that would occur if the markets went south? Frederik Steenbuch, Oslo...
...condensate to begin in six years. But Irwin rejected the proposal in April, saying he did not "trust" ExxonMobil's word after years of false starts, and pulled the leases. The state wants other producers to bid for the development rights, a plan unlikely to occur for years because of court challenges. Dan Dickinson, tax chief under Murkowski, claims that the Point Thompson decision may have scored p.r. points for Palin but ultimately set back early production of the field. "I don't think Governor Palin really understands the intricate details of oil and gas here," says Persily, the former...
...Cheng’s really competed well in practice and hopefully he can take it up the next notch and get some more carries this week and I think that could occur,” Murphy said...
...factors. A system of remunerating bankers with fat bonuses based on the volume of business done, irrespective of the quality and future profitability of that business, did not help. A variation of Gresham's Law was also at play, with imprudent lending driving out prudent lending. This tends to occur as responsible institutions see their market share fall while those of irresponsible institutions rise, and decide to emulate the reckless practices they previously eschewed. The phenomenon was particularly prevalent in the mortgage market. Central bankers cannot escape censure, either. In his memoirs Alan Greenspan, former chairman of the U.S. Federal...
...bicyclist collided with a Harvard Shuttle bus early Sunday morning, according to the Harvard University Police Department. The accident occurred at the intersection of Massachusetts Avenue and Everett Street at approximately 1:10 a.m., according to HUPD spokesman Steven G. Catalano. According to Erika P. Pierson ’12, who was one of the passengers on the shuttle, none of the 15 students on the bus were seriously injured. According to Carl Tempesta, the manager of operations for Harvard Transportation Services, as the shuttle driver was making a right turn onto Everett Street, a bicyclist struck the passenger side...