Word: portionate
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...Except for some contract lawyers, very few people would argue that the portion of the AIG bonuses that was for employee retention are fair. The only reason the company isn't in receivership is because the government deemed it was "too big to fail." Fearing the financial market would be dealt a horrible blow if it went bankrupt, the government has provided AIG with several loans to prevent its untimely demise...
...result of declining home prices, if a borrower defaults on their mortgage, market prices for the home would be less than the balance on the mortgage. However, since MBS derive their value from a pool of loans - typically thousands of individual mortgages - the default of some portion of the mortgages would not mean the security had no value, only a reduced value. Unfortunately, banks, in an effort to increase their investment returns, exacerbated the problem by using enormous leverage to purchase and securitize mortgage loans. Thus, even if MBS's value declined because of defaults, because...
...government has spent over $2.5 trillion dollars fighting the War on Drugs. Despite the ad campaigns, increased incarceration rates and a crackdown on smuggling, the number of illicit drug users in America has risen over the years and now sits at 19.9 million Americans. And a large portion of their supply makes its way into the country through Mexico...
California wants to run on sunshine. The state is forcing utility companies to provide 20% of their output by way of solar power and other forms of renewable energy by 2010. Last November, Governor Arnold Schwarzenegger said he wanted the portion to be one-third by 2020. Now the feds are bringing the money to help fund all this sunny energy, with the Obama Administration's stimulus package promising to pay for 30% of solar-power projects that begin...
...men’s fencing squad put Harvard in good position after finishing their portion ranked 10th overall. Co-captain Benjamin Ungar led the men by finishing third overall in the epee and garnering All-American first-team honors, his second All-American nomination. The No. 3 seed Ungar was in first place after the first day but fell to No. 2 seed Slava Zingerman of Wayne State in the semifinals. Ungar also helped extend Harvard’s streak of consecutive seasons with an All-American selection to four...