Word: senior
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Dates: during 2000-2009
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...This plan is an important piece of the recovery, but it is by no means the solution," says Joseph Mason, a professor of finance at Louisiana State University and a senior fellow at the Wharton School...
...Without other credit enhancement techniques, tranches are rated differently because each one is paid sequentially, with interest and principal payments on the underlying loans first going to the senior most tranche and the last payments going to the most junior. Effectively, the tranches are, at least in part, rated differently based upon the order in which they receive payment from the underlying loans. In the event of default, the junior most tranche may receive less than their regular return because they are the last tranche to be paid. In order to compensate for the increased risk, the more junior...
...biggest scandal in American legal history, many are calling it at least the darkest day for the country's troubled juvenile-justice system. For more than four years earlier this decade, two senior county juvenile-court judges in northeastern Pennsylvania took kickbacks of $2.6 million in exchange for packing thousands of kids off to privately owned detention centers. Many of the kids had committed minor offenses and didn't have the benefit of a lawyer. A 14-year-old from Wilkes-Barre, for instance, spent a year in a Glen Mills detention facility for the offense of stealing loose change...
Kurds say al-Maliki has been quietly rotating senior Kurdish officers out of army units stationed in volatile provinces, including Nineveh, and replacing them with Arabs. That's disputed by Major General Hassan Kareem Abbas, the Shi'ite commander of the Nineveh Operations Command. Kurdish officers have been replaced, the general says, but by other Kurds, a view supported privately by senior U.S. officers in Mosul...
...near term, the Nano will have little effect on Tata Motors' revenue, adding just 3% to sales, analysts estimate. It will have even less impact on the company's ailing bottom line, because the Nano's profit margin is tiny, says Vaishali Jajoo, a senior automotive-research analyst at Angel Broking, an investment firm in Mumbai. "It will take at least four to five years to break even" and recoup the company's development costs, she says. There's more profit to be made from fully equipped Nanos with air-conditioning, power windows and upholstered seats, which cost about...