Word: spreads
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...most mortgages aren't sitting on the books of the lenders who made them. Instead they've been chopped up and combined into securities--with values contrived by complex mathematical models--and sold to banks, pension funds and other investors around the world. This securitization was supposed to spread risks more widely and more efficiently...
...lull many buyers of this paper into ignoring risk completely. Ever since investors began discovering to their horror early last year that it is in fact possible to lose money on mortgages, the market for mortgage securities has been gripped by distrust and disagreement. That distrust has since spread to other investments previously advertised as virtually risk-free: insured bonds, auction-rate municipal bonds and the structured investment vehicles (SIVS) that banks used to get ugly stuff off their balance sheets...
...orbiter attempts that maneuver, it will execute two flybys of the moon Titan, whose opaque orange atmosphere has been increasingly pierced by the spacecraft's radar. And this summer Cassini will make an unusually high orbit above Saturn's massive B ring, promising unique images of the ring, spread like an immense halo around the planet. The ship will also have the rare opportunity to observe the sun cross the plane of the ring from south to north, literally shedding light on the B ring's complex particle structure. "We want to know what a particle would look like...
This gulf between moralism and militarism narrowed in the 1980s and '90s. Under Ronald Reagan, conservatives grew more optimistic about exporting American values as they saw democracy spread in the Third World. And under Bill Clinton, liberals became more warlike, backing humanitarian interventions in Haiti, Bosnia and Kosovo...
...experience was “transformative,” providing him with an open forum for issues that he said are “not often socially acceptable” for males to discuss.Through weekly small-group discussions and partnerships with other campus groups, HMAR is trying to spread awareness at Harvard that the dialogue on sexual assault affects everyone—regardless of gender.“It’s important to realize that almost everybody has some connection to sexual assault on this campus,” said HMAR member Benjamin P. Schwartz...