Word: regularizes
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...live shows annually, also recently launched its own ticketing service.) Word of a Ticketmaster-Live Nation merger has angered fans and performers alike, including Bruce Springsteen. Ticketmaster was already on The Boss's bad side after it recently directed fans to its secondary sales apparatus, which charges more, while regular tickets were still available. (The company publicly apologized.) An open letter on Springsteen's web site expressed his outrage: "The one thing that would make the current ticket situation even worse for the fan than it is now would be Ticketmaster and Live Nation coming up with a single system...
...With Vaillancourt hot and the team playing at a high intensity, Harvard is poised to finish the regular season strong...
...comes the messy part. Bank of America used Strata's collateral as the backing against which it could write credit default swaps (CDS), that is, insurance contracts based on whether some other bonds get paid back. As a writer, or seller, of CDS contracts, Strata investors get a regular fee, much like a annual amount any insurance holder would pay, for guaranteeing the buyer of the insurance against losses on the bonds. All told, Bank of America wrote CDS contracts worth $20 million based on the debts of as many as 75 companies. Add the fees from the insurance contracts...
...Here's the catch: If the bonds Strata insured against go bad, Strata is on the hook for the losses. And in a twist on regular insurance, the buyer of a CDS contract [i.e., the insured] doesn't actually have to own the bond. If the bond goes belly up, they get paid as if they had, pocketing the insurance payout as a profit, which of course would be a loss for the owners of Strata...
...Saturday over No. 2 Penn (8-2, 4-1 Ivy), the Crimson came up just short Sunday against No. 1 Princeton (10-0, 5-0 Ivy), falling 4-5. With the victory, Princeton won its third consecutive Ivy League title and completed a perfect 10-0 regular season.Despite the setback to the Tigers, victories over the Quakers and No. 3 Trinity last week ensure that Harvard will be a favorite in the season-ending Howe Cup Championship next weekend to be held in Cambridge at the Barnaby Courts.“I am hoping that having home court advantage will...