Word: ringed
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...which investors paid for ratings to one in which bond issuers did. That generated more revenue, but it also created a massive conflict of interest, often cited in the current mortgage mess. In 2006, the SEC took regulatory authority over the agencies, in part because of their failure to ring more alarm bells concerning companies like Enron. SEC head Mary Schapiro is now signaling that the ratings system might need to be changed further, particularly who pays for ratings...
...point to the books. When I mention the Harvard Classics to Harris, he emphasizes that the names of many of these authors no longer ring a bell. Tastes change. So do curricula. And so do the people in charge of implementing academic programs...
...presidential election appear to be in some disarray. Former President Mohammed Khatami withdrew from the race late Monday, declaring his support for former Prime Minister Mir-Hossein Moussavi. The news reflects the confusion in the anti-Ahmadinejad camp that began last week when Moussavi threw his hat in the ring. The reluctant Khatami had previously agreed to stand only after exhaustive negotiations with Moussavi had failed to convince the former Prime Minister to run against Ahmadinejad...
...triumphant 2007 return to the ring, following a five-year hiatus, was seen by many aficionados as a way of stanching the decline. In his first fight back, Tomás sold out "antibullfighting" Barcelona's 20,000-seat ring. But even his powers aren't unlimited, say critics. "Who is he to decide what is worthy and what isn't?" asks the Rivera family friend. "Art is in the eye of the beholder...
...sound. “Right Where We Left Off” barrels forth with heavily distorted, amped up guitars and dizzying cymbal crashes that don’t seem to actually have anything to do with the song’s rhythm. The first few tracks ring with an anthemic quality fueled by simple, catchy guitar riffs and en masse, screamed choral parts. While there are no clear standout singles, tracks like “Listen to Your Friends” and “Don’t Let Her Pull You Down” sound like they could...