Word: poorã
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Astronomers can determine how long ago a star was created by measuring its metal content because stars that contain more elements beyond hydrogen and helium are newer than “metal-poor?? stars like the one found in the Sculptor Galaxy...
...York Times reported on Saturday that individuals who formerly enjoyed the comforts of a middle-class lifestyle—dubbed the “new poor??—are now on the brink of poverty and subsisting on savings, unemployment benefits, and various forms of public assistance...
...Moody’s, like rival firms Standard & Poor??s (S&P) and Fitch, Inc., follows a “corporation-paid” model, in which the corporation issuing a security pays for Moody’s to rate that security. This creates a conflict of interest. Since rating agencies want to keep a steady flow of business, they have good reason to overrate securities and make their customers—the issuers—happy. Indeed, rating agencies in the past have given collaborative feedback to issuers to such an extent, some argue, that their ratings...
...This trust requires considerable faith in rating agencies, such as Standard & Poor??s and Moody’s. To make a low-risk purchase of a CDS, a firm needs to buy from an insurer with an excellent credit rating. If any of these ratings are inaccurate or get downgraded, this will dramatically affect the CDS and cause panic. Therefore, the government must institute a reasonable collateral requirement for the sale of CDSs. Further, rating agencies must closely monitor investing schemes that use insurance from highly rated firms like AIG to make risky investments in poorly rated firms...
...swaps (or lose, in the case of a negative value), the liquidity drain could be reversed if rates rise again in the future. As of October, the University would have had to pay $571 million to terminate its interest rate swap portfolio, according to a December report from Standard & Poor??s rating services.The report also cited concerns that the University would be forced to use its cash reserves to meet certain capital calls, such as those from private equity and venture capital clients, that have traditionally been funded using returns from the University’s other private...