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...October, and in April new regulations will go into effect, largely to address what is often painted as the Achilles heel of the ratings system: companies typically pay to have their own debt rated, therefore creating a massive conflict of interest for the ratings agencies, which want to hold onto that business. (See "How to Know When the Economy Is Turning Up".) Favorably rating structured finance products - including Frankenstein creations like synthetic collateralized debt obligations - became a major source of profits for the ratings agencies during the boom years. By mid-2007, some 37,000 issues earned top marks; thousands...
...month at the inaugural colloquium, Eric Rosenbaum, a researcher at MIT, presented an interactive demonstration of technology that takes light from objects and overexposes it in real time. The technique allowed audience members to use anything that emitted light to “paint” an image projected onto a screen.“It’s quite remarkable how a technology like that can transform the way people see themselves,” Croft says. “Suddenly people can be artists in a very real sense.”At the most recent colloquium, which...
...horror, but it oozes through the cracks. The work of destruction is feeding back into them, destroying them in turn. "What if murder weren't a definitive solution," Max says. "What if on the contrary this new fact, even less reparable than the ones before it, opened in turn onto new abysses? Then, what way out was left?" The answer is none. But The Kindly Ones gives these lost souls all they could possibly expect: understanding, without pity or forgiveness...
...Fish ’10. Shaped like the letter C, the suite is mostly comprised of walk-throughs, but the view of the MAC quad and homey feel of the suite make it ideal for both comfortable living and partying alike. One of the bedroom windows even opens out onto the roof of the dining hall, where you can go out and tan or just bask on a sunny day.Cabot: The Library SuiteNothing says Ivy League academia like turning an old library into a student residence. This suite sits on the third floor of Cabot’s secluded...
...gunshots to his heart. Moro had been playing a pivotal mediating role between Italy's Left and Right at a time of great tension between Moscow and Washington; he ended up a martyr of the Cold War. Giansanti's color photograph was seen all over the world and splashed onto the cover of TIME's European edition. (See pictures of Giansanti...