Word: problem
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...making her breakout film, Carrie), she was a compelling, scary and often sympathetic presence. In the 1992 book Cronenberg on Cronenberg, the director described Chambers as "very shrewd and sharp," and said she "invented her own version of Method acting. When she had to cry, it wasn't a problem, because Chuck would say, 'Remember when Fluffy died?' - that was her cat - and then she'd cry. I thought she really had talent and expected her to go on and do other straight movies. But she went back. I don't know whether it was Chuck or that the industry...
...first, the losses did not really unnerve muni investors because they stemmed from a special problem relating to muni bond insurers, such as MBIA, which ran into financial difficulty. For that reason, many analysts and investors saw that early selloff in munis as a buying opportunity. The insurers may be in trouble, the thinking went, but municipalities were still able to raise taxes, or tolls, if they ever got into a crunch...
...efforts in building awareness about climate change, alternative energy, and the environment in general. While Chu may not have the celebrity aura of Commencement speakers of years past, he will undeniably reiterate to Harvard students the importance of active participation in what is perhaps the most important problem the world faces today. The current efforts of Harvard’s EAC and of students in the consortium of colleges and youth organizations that comprises MAPS are truly exemplary, but their ultimate success rests on others taking the same initiative to bring change in whatever ways they...
...typical insurance policy, the insurer must set aside some money, called collateral, that proves that it can make some payoff when needed. There was often little or no collateral required for CDSs. The obvious problem is that in an unforeseen catastrophe, the insurer may not be able to honor its commitment. Therefore, the CDS buyer must totally trust that the issuer is good for the money...
...many CDSs insured products ill-suited for insurance. Insurance works best when a disaster is random, infrequent, and independent from other disasters. This is not the case for mortgage-backed securities. In the housing market, prices are dependent on the surrounding area. A firm can attempt to mitigate this problem by slicing up mortgages and repackaging them in complex financial instruments like collaterized debt obligations, but the risk persists. If enough houses drop in value, others will follow, and this domino effect is the current housing crisis...