Word: par
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...similar contracts and pay reduced prices. Some called the AIG payments, funded by the government, a backdoor bailout of Wall Street, in particular Goldman Sachs. Also at issue were the moves the Federal Reserve made to cover up the fact that AIG had paid out the contracts at par, which was the contract's full original amount. "Why shouldn't we ask for your resignation as Secretary of Treasury?" said John Mica, a Republican Representative from Florida...
Despite the lull in violence, infighting has become par for the course among Iraqi politicians. A dispute between Arab and Kurdish legislators over voting lists in the disputed northern city of Kirkuk this past autumn nearly derailed plans for the entire national election, which had to be moved from its original date in January to March. That dispute was only settled with the direct intervention of U.S. Vice President Joe Biden, who made personal phone calls to top Kurdish leaders while the American ambassador rounded up votes in Baghdad...
Like Lewis Carroll, who might have imagined he would be remembered for his book on mathematics rather than the one he wrote for Alice, David Levine assumed that his claim to fame would rest on his watercolors. In an earlier age it would have. His paintings were on par with the very best of the previous century, including works by John Constable and Winslow Homer. But when he died on Dec. 29 at age 83, it was as a caricaturist that he was remembered and celebrated...
...legislation is particularly embarrassing in light of the fact that it is nearly unique among modern democracies. Every other developed nation’s upper house of parliament lacks parity with its lower, popularly elected house. Britain’s House of Lords, for instance, has not been on par with the House of Commons at least since 1911, and, in France and Germany, the lower house has the formal ability to assert its supremacy over the upper house in cases of deadlock...
...Elections here are high-spending, festive occasions that are good for the economy. But cheating and violence are also par for the course. Commission on Elections director James Jimenez says the debut of electronic voting in 2010 should eliminate two major sources of election crime: trying to fix the outcome by threats of violence again election officials during the vote-counting period, and the practice of dagdag bawas, or padding and shaving votes. "Both should be rendered extinct by an automated vote count in which there will be no opportunity to change the outcome," says Jimenez...