Word: optioning
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...Those who support NAMA say Ireland has little option but to take the plunge. The International Monetary Fund has predicted that Irish banks could lose up to $53 billion next year if they fail to get rid of their toxic assets. For Pat McCloughan, a Dublin-based economist, the looming bankruptcy threat outweighs all other concerns. "Unfortunately, developers going out of business and home repossessions are an inevitable part of [the downturn]. But a much bigger problem would be if one of the big banks was to fail. That would have massive repercussions for a small country like Ireland...
That wouldn't be a bad idea, except, as many environmentalists and climatologists are quick to point out, we don't know what the potential side effects of geoengineering might be or whether the entire operation would backfire badly. Geoengineering might be a cheaper option, but followed out to at least one logical conclusion, it could be a pitfall. Say we try to use Myhrvold's giant-garden-hose scheme (after hopefully giving it a better name) without reducing carbon emissions. We could end up in a situation in which we can't abandon geoengineering without risking sudden, disastrous warming...
...assured character after becoming King Henry IV, but Federman’s mission to explore femininity in politics leaves Hecht with nowhere to progress. She can’t revert to femininity, because Henry simply becomes less confident rather than more womanly. This plot progression allows her no other option but to simply retreat into the background and let her personality fade, leaving Richard free to dominate the stage...
Martínez, however, thinks Hondurans are traveling because of economics, not political solidarity. "It's an opportunity to see Roatán, which has always been expensive for Hondurans," he says. And in many ways, the ousted minister notes, promoting internal tourism is the only option the Micheletti government has, since no one else will pay attention to them...
Last year, Harvard Law School went a step further in promoting public service careers as an attractive option for graduates by offering tuition waivers for third-year students who commit to working in public service for five years. This fall, according to Law School Director of Student Financial Services Kenneth H. Lafler, 58 third-year students have signed up for the initiative, which will be run for five years as a trial program, with a budget of $3 million per year...