Word: riskiest
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Harvard Management Company—the group in charge of investing the University’s $36.9 billion endowment—may be trying to unload a large portion of its riskiest assets, according to a recent article in the trade publication Private Equity Week. The article reported that HMC has hired Cogent Investment Bank to sell approximately $1 billion of its private equity portfolio on the secondary market. As of June 30, HMC’s planned allocation to private equity for 2009 was up to 13 percent of the University’s endowment, or just under...
Though many die in hospitals, researchers say the riskiest births are those without any nurse, midwife or doctor in attendance--about 35% of all the world's births. In addition to age-old problems like unclean instruments and poor-quality water--in Sierra Leone, I visited a traditional birth attendant who said she had delivered hundreds of babies in a windowless room in a slum of cramped shanties, with no indoor plumbing--there are new hazards. Afghanistan, for example, has seen growing sales of over-the-counter oxytocin, an injectable hormone that is used to stanch postpartum bleeding and speed...
...book Expert Performance in Sports, researchers Janice Deakin and Stephen Cobley observed 24 figure skaters as they practiced. Deakin and Cobley asked the skaters to complete diaries about their practice habits. The researchers found that élite skaters spent 68% of their sessions practicing jumps - one of the riskiest and most demanding parts of figure-skating routines. Skaters in a second tier, who were just as experienced in terms of years, spent only 48% of their time on jumps, and they rested more often. As Deakin and her colleagues write in the Cambridge Handbook, "All skaters spent considerably more time...
...bonds to finance other deals. Money from thousands of homeowners covers the interest payments on those bonds. To attract investors, the bonds are rated by risk groups, called tranches (the French word for slices). The more secure the bond, the lower the payoff for investors. Those who buy the riskiest pool of bonds - the ones backed by the riskiest home mortgages - are promised the highest return. ? Mortgage-backed securities ? Pool of mortgages ? Bond tranches ? Risky bonds re-rated...
...follows almost every explosion in Baghdad, marking the progress of men like Mohammed to the scene of the latest calamity. He's been an ambulance driver for the past five years in a city where no job is safe, but where driving an ambulance is easily one of the riskiest professions. He long ago lost count of the number of times he's been fired on. Once, on Palestine Street, the bullets actually shattered the windows of his ambulance as he sped down the road. He's in it for the money, earning about $150 a month as the only...