Word: standardization
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...study was authored by Harvard Law School Professor Lucian A. Bebchuk, Holger Spamann, a lecturer at the Law School, and Alma Cohen, a visiting law professor from Tel Aviv University. The authors attempt to dispel what they call the “standard narrative of the meltdown” that does not give payment schemes a leading role in the financial crisis...
...haven't we seen more evidence of this yet? I think the media hasn't put it together, but it actually is starting. The default rate for the past 12 months is roughly 12% - that's very high. Half of those companies that have defaulted, according to Standard & Poor's, had some type of private-equity involvement in their corporate life. A lot of those are PE-owned companies, ranging from Chrysler to the Tribune Company to Simmons Bedding. We've already seen the tip of the iceberg...
...Orleans in late August 2005, scientists at the National Oceanic and Atmospheric Administration feared the worst. For years they had been warning the Army Corps of Engineers, which oversaw the city's 350 miles of levees, that its system was inadequate. The scientists wanted the Corps to revise the Standard Project Hurricane, a model that determines how extensive the levees should be. For instance, the Corps did not consider the tendency of soil to sink over time, and it excluded the possibility of a highly powerful storm hitting the city because that was unlikely, which violates sophisticated principles of statistics...
...Laid-off workers who use exit packages to maintain the standard of living they enjoyed while still employed
...original headline of the Nov. 23 news article "Fallout of UC Election Colored By Allegations of Misconduct, Internal Dissension, and Incriminating E-mails" incorrectly referred to e-mails sent alleging fraud in the UC election as "libelous." In fact, because libel is a legal standard that requires there to be a provably false statement of fact, the e-mails could not be deemed libelous...