Word: sixes
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...soured and the subprime credit crunch began expanding into other credit areas over the past year, CDS investors became jittery. They wondered if the parties holding the CDS insurance after multiple trades would have the financial wherewithal to pay up in the event of mass defaults. "In the past six to eight months, there's been a deterioration in market liquidity and the ability to get willing buyers for structured finance securities," causing the values of the securities to fall, said Glenn Arden, a partner at Jones Day who heads up the firm's worldwide securitization practice and New York...
...bought an average of six pairs of shoes...
...been just over a year since Swiss luxury-accessories company Bally hired American shoe designer Brian Atwood, 40, to infuse some glamour and vitality into the brand. With a résumé that includes a six-year stint at Versace and a namesake shoe line that draws raves from Hollywood, Atwood knows a thing or two about glitz. As Bally's first creative director since 2002, he's also got his mind firmly focused on giving the brand a new look. "Desirability is the main focus," says Atwood. To begin, he dipped into the 157-year-old company's archives...
What They Purchased in the Past Six Months Despite their lower income, core luxury millennials have purchased more luxury items in the recent past than their older counterparts. Sunglasses, wallets and small leather goods are much more likely to have been purchased by millennials than boomers...
...their role in context: of 68 House members who remain undecided, 22 are freshmen. In the Senate only two of the eight freshmen have endorsed: Sheldon Whitehouse of Rhode Island threw his weight behind Clinton and Missouri's Claire McCaskill is supporting Obama. But Senators have the luxury of six-year terms whereas the House members go back to the polls in eight months, and whoever is facing off John McCain at the top of the Democratic ticket could have a major impact on their own races - a concern many freshmen have voiced about Clinton behind closed doors. Democrats...