Word: terming
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...while foreclosures are certainly bad for banks, higher interest rates alone aren't. It is not the level of interest rates that matters to bank bottom lines, but the difference between short-term rates and long-term rates. Banks make money when they can borrow money on a short-term basis - think about your deposits - at little costs and lend it out on a longer-term basis - your mortgage - at a higher rate. That's what economists call the yield curve. And the steepness of the curve, which is the difference between short-term rates and long-term rates...
...APRA party and its presidential candidate in 1995, is routinely referred to at the Peruvian Margaret Thatcher for her tough stands. Administration sources say that she was the president's pick to become chief of staff in July, when Garcia starts the fourth year of a five-year term that ends in July 2011. That is now politically untenable. The ministers have claimed so far that they have no intention of stepping down and the administration, while saying it wants dialogue to end the tension, maintains that it will not modify the series of laws that sparked the protests...
...concessions currently on the books, many approved during Garcia's term, 59 are in the jungle. They cover around 40 million hectares. The government claims that around 6 billion barrels of oil are just waiting to be found under the Amazon. Investment in exploration will top $1 billion this year, something the administration does not want to lose to protests. "This government wants to occupy the Amazon with concessions as if no one lived there, but it has come up against indigenous resistance," says La Torre. "What is needed now is a plan to stop the bloodshed and make sure...
...former New York Times reporter Linda J. Greenhouse ’68, New York City Public Schools Chief Operating Officer Photeine M. Anagnostopoulos ’81, and the Smithsonian’s Director of the Museum of Natural History Cristián Samper won six-year terms in an alumni vote to serve on the 30-member board.Former CEO of Vertex Pharmaceuticals Joshua S. Boger, who received the sixth most votes, will serve the remaining three-year term vacated by Arne S. Duncan ’86, who left to serve as U.S. Secretary of Education...
...five individuals they believed were chiefly responsible for the bombing. Using their own savings, donations and legal aid, they raised about $2.4 million to fund their case, with more families coming on board later. Their subsequent claim for more than $15 million in damages was based on the long-term psychological impacts of the atrocity - posttraumatic stress disorder, depression and alcoholism - which continue to affect many of the victims' family members. Given their disappointments in the past, the odds seemed stacked against them...