Word: riskier
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Dates: during 2000-2009
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...income dropping about 1% for every step down the birth-order ladder. Most researchers assume this is due to the educational advantages eldest siblings get, but Black thinks there may be more to it. "I'd be interested in whether it's because the second child is taking the riskier jobs," she says...
...making incremental improvements in their companies: shedding underperforming products, maximizing profits from existing lines and generally making sure the trains run on time. Later-born ceos are more inclined to blow up the trains and lay new track. "Later-borns are better at transformational change," says Dattner. "They pursue riskier, more innovative, more creative approaches...
Call it the international house of pancaked leverage, built on the proliferation of subprime and exotic mortgages that did away with many of the safeguards built into the classic 30-year fixed rate with a 20% down payment. Riskier loans originally designed for a narrow band of home buyers--interest only, adjustable rate, balloon payment, no documentation (of income, that is)--took off broadly in the last rising market, and Denver was one of the many areas where they were...
...side to the evangelical movement in Korea is increased competition. Churches number in the tens of thousands here, and are competing so intensely for members that pastors feel pressured to engage in a kind of one-upmanship: sending congregants on as many overseas missions as possible. New markets and riskier missions tend to garner more publicity, which until now has translated into more kudos and ultimately more money for the pastor and the church...
Because the world economy is so strong, times are still good for business in general. Recent jitters in the riskier parts of the bond and loan markets may slow the private-equity boom (private-equity firms use borrowed money to purchase the likes of Chrysler and Hilton) but don't necessarily presage a crash. The Federal Government, which gets an ever higher percentage of its revenue from the minority of taxpayers who are profiting from the global boom, is making out O.K. as well. But the era of easy money, when ordinary Americans could count on borrowing their...