Word: reasonsable
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That's because TALF significantly sweetens the returns that can be earned from buying the AAA-rated bonds. Take a typical auto-loan bond. A top-rated auto ABS bond pays a dividend these days of about 3.5%, or a return of $3.5 million on an investment of $100 million...
There are several reasons this may not happen and they will make being in the business of making and selling new cars less attractive even when the recession ends. The U.S. car companies will have to augment what they do now to become profitable and remain profitable because the business...
For almost 90 years, Central Barber Shop has been located at 1611 Massachusetts Avenue—commonly referred to as The Bence Building—in Agassiz, but now Harvard is forcing it to relocate, citing environmental concerns. In 2007, Harvard discovered that there were dry-cleaning solvents emanating from...
CLARIFICATION: The March 13 article "Justice Speaks on Gender" included a paraphrase of remarks by Radcliffe Institute of Advanced Study Dean Barbara J. Grosz that suggested one of the reasons for organizing the conference in question was "to engage Law School faculty into the conference." In fact, Grosz meant to...
When Professor of Biological Oceanography James J. McCarthy heard about President Barack Obama’s reforms promoting scientific integrity in government earlier this week, he said he wasn’t shocked. “Nobody was surprised he did this,” said McCarthy, who was one...