Word: recentered
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What was different about the recent stress tests was that unlike the usual bank-by-bank examinations, the stress tests looked at all the banks as a group. By aggregating the data, the Fed presumably could make better estimates of what would be the loan losses at the individual banks. The stress tests also looked out two years, instead of the usual one, as regulators gauged if banks could weather a worsening of the economy - where the stress in the name comes from - and not just whether they had enough capital to pay for current losses. Most importantly, the results...
...long glasses of Pernod in the afternoon. For others, like the family of novelist and filmmaker Marguerite Duras, it was an exhausting ordeal. Their story, as told in Duras' semi-autobiographical novel Un Barrage Contre le Pacifique (1950), is the subject of Cambodian director Rithy Panh's most recent work, The Sea Wall...
...aspersions on his enthusiasm are ridiculous. "He has written on the meaning of Judaism for Christianity," says Cardinal William Levada, his successor as Vatican doctrinal chief. "And he has also shown a fundamental sympathy that not even written words can have." But the Williamson affair was only the most recent episode in a series of gaffes and sour notes by the Pope. He seems simply to have forgotten Jewish concerns on a range of decisions regarding liturgy, sainthood and historical interpretation. In the case of SSPX, there is a distinct possibility that he knew full well he might offend Jews...
...depends on what type of recovery we have. Since the market bottomed on March 9, investors have rushed into acquiring shares of financial companies, retailers and technology firms. That makes sense if you believe we will have a recovery like the ones we've had in recent history. Companies in those industries did well in the market rallies that followed recessions in the 1990s and the early part of this decade. And stocks handily outperformed bonds...
...recent Town Hall meeting hosted by the Undergraduate Council, FAS Dean Michael D. Smith responded noncommittally to a student’s suggestion that administrators take salary cuts in the spirit of shouldering the burden of deep cutbacks across the University. The Faculty will need to close a $220 million deficit over the next two years, Smith said, but the range of budget cuts announced last week only account for $77 million in savings...