Word: thresholds
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...start with mortgages. The yield on the 10-year Treasury bond has been falling all year and last week hit a 44year low of 3.55% before ending the week higher. Mortgage rates have followed, and for conforming mortgages (those under this year's jumbo threshold of $322,700), the average 30-year fixed rate last week sank as low as 5.58%. That's down from just over 6% in October, reports mortgage-research firm HSH Associates. Deals on fixed-rate 15-year mortgages are even sweeter, having cracked the 5% barrier for the first time...
Unfortunately, the case for the U.N. is relentlessly pragmatic. The threshold argument is as compelling as tapioca: it exists. You can't just quit. Everyone belongs, which was not true of the League of Nations. It is where you go to make a formal argument to the world--as Adlai Stevenson did during the Cuban missile crisis, and as Colin Powell tried to do last month. It's nice to have a place like that; on rare occasions, the unofficial discussions among countries can yield some benign results. And on the rarest occasions--the first Gulf War; Afghanistan--there...
...Unfortunately, the case for the U.N. is relentlessly pragmatic. The threshold argument is as compelling as tapioca: it exists. You can't just quit. Everyone belongs, which was not true of the League of Nations. It is where you go to make a formal argument to the world - as Adlai Stevenson did during the Cuban missile crisis, and as Colin Powell tried to do last month. It's nice to have a place like that; on rare occasions, the unofficial discussions among countries can yield some benign results. And on the rarest occasions - the first Gulf War; Afghanistan - there...
...There are discrepancies in the two affidavits, however, none of the discrepancies meet the threshold requirement of a substantial preliminary showing that [the officer on duty] intentionally or knowingly made false statements to secure a search warrant,” Gershengorn wrote in the memorandum...
...question goes like this: should a college-level creative writing course be open to anybody who desires to take it fundamentally, or should there be a threshold of quality or preparation before being let in?” Buell says. “If we accept the second position, that it’s reasonable for the student to audition, so to speak, then I think that we’re pretty close to a balance of supply and demand in poetry and nonfictional prose and play writing...