Word: saws
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...merit the obsessed attention they're enjoying these days? That's the question some observers were asking Friday as indices in Asia and Europe posted gains only to decay again as the day progressed. It was a fittingly wacky end to a week that has seen bourses see-saw with unprecedented volatility. The VIX, Wall Street's leading measure of market volatility and investor fears, briefly scaled 80 points for the first time in its 18-year history Thursday, as stocks slid over recession worries...
What was your reaction when you saw people lining up outside IndyMac branches after you took over that bank in July? IndyMac was a real wake-up call for us. It saddened me. People were waiting hours and hours in line, and they didn't need to. They could write checks, use their ATM cards. We have done a lot of public education since then, and we have Suze Orman who has done some PSAs for us. I think we've got people calmed down...
...When you came back in 2006 what was your reaction to what you saw going on in securitized loans? The consumer groups were vocal about what was going on out there and some of our own staff had some concerns, so we bought a loan-performance database of mortgage-backed securities. We saw some pretty astonishing things. The starter rates were very high, between 7% and 9%, and within a couple of years they could jump by 600 basis points. No one could handle that level of payment shock. In fact nobody was - they were just refinancing...
...Rutgers research reflects a much-needed, if slow, renewal of scientific interest in antibiotics development. The last two decades of the 20th century saw nearly zero progress, and in those years several disease-causing bacteria evolved resistance to commonly used drugs. Researchers at the Centers for Disease Control and Prevention found that more than 40% of staph infections in the U.S. in 2006 were MRSA - a bug that now kills more Americans a year than AIDS. Today, the first line of treatment against MRSA is vancomycin, a formidable antibiotic that has been around since the 1950s and is otherwise typically...
This semester saw a particularly strong pool of applicants, especially among male singers. Morgan L. Mallory ’10, former music director of the co-ed Veritones, says that because male singers are usually scarcer, “It’s like a fierce battle for the male talent. But this year we were overflowing with male talent,” she continues. “On Final Night, I’d say we had eight boys that we would have happily taken...