Word: problem
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...that's what causes the problem. Every securitization deal creates some AAA-rated bonds and some lower-quality debts. In a typical credit-card securitization, as much as 15% of the bonds created will have ratings lower than AAA. And the government plan does nothing to help banks get those riskier bonds off their books. Worse, TALF might actually discourage investors who would normally be interested in these higher-yielding bonds from buying them...
...Problem is, shares in PCH worth 292 pence a year ago are fetching only 20 pence right now. That's left Myerson's stake in the firm worth a measly $2.7 million. Should Myerson be made to pay the $3.5 million in cash he still owes his former wife, she'll have landed 105% of the couple's assets, Myerson's lawyers argued in court Wednesday, and he'll be left hundreds of thousands of dollars in the red. "The freefall in the value of the shares has completely changed the basis on which the case was settled," argued Martin...
...said she had already sampled Sweet’s offerings. “I think I’m going to need a treadmill,” she said, laughing. She said that opening up the original Sweet in the middle of an economic downturn has not been a problem. “We’ve had a really warm welcome from the Boston community and a really good business level,” she said. Cross—the original occupant of the space that the new cupcake shop will fill—has decided to focus...
...notice is not illegal or a breach of contract, but does “break a whole host of moral values.” “The fact that a worker can be notified with less than one day’s notice...is part of a systemic problem that is at its core [representative of] the very limited legal protections” enjoyed by American workers today, Becker said. —Staff Writer Peter F. Zhu can be reached at pzhu@fas.harvard.edu...
Dining Hall: Popular. Everyone wants to eat in Adams. That’s the problem. Adams residents are notoriously bitter about the overcrowding of Adams dining hall. Lucy’s much too nice to turn people away (unless she has Vinnie M. Chiappini's help), so the dining hall is frequently packed with non-Adams residents, making it nearly impossible to find a seat during peak hours. And once you do, good luck maneuvering your huge, awkward wooden chair...