Word: ultra
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...brought down the firm - financial products and stock-lending - didn't understand what they were doing. Financial products wrote credit-default swaps - sorry I'm not pausing to explain them, but most eyes would glaze over if I did - that they thought were riskless but turned out to be ultra-risky...
...main storyline chronicles the dissolution of the close friendship between the straitlaced and ultra-successful Darren and the rebellious, insecure Steve (Josh Hutcherson). Each teen deals with his own emotional baggage: Darren fends off the suffocation of his upper-middle class suburban milieu and his father’s chant of “College! Job! Family!” while Steve copes with an absent father and an alcoholic mother...
...Guido Jouret, who oversees Cisco's emerging technologies, explained this creative destruction when we talked over TelePresence, an ultra-high-definition substitute for the hassle, expense and carbon footprint of business travel. We were 3,000 miles (4,800 km) apart, but I kept forgetting we weren't at the same conference table. One of Steven Spielberg's cinematographers helped Cisco get the illusion of intimacy just right. "California has a very welcoming attitude, but it's a Darwinian society," Jouret said. "Companies come and grow and die, and no one sheds a tear. And there's a real sense...
...locking in huge outlays for various goodies, as well as the notorious Proposition 13, which has severely restricted local property taxes since 1978. California is also one of only three states that need a two-thirds supermajority to pass a budget or raise taxes, a virtual impossibility in its ultra-partisan legislature. So it relies on a boom-and-bust tax base that even many liberals admit is overreliant on the rich. The state's economy actually grew last year, but its revenues crashed because its top earners had lower incomes and capital gains. That meant sharp cutbacks, especially...
...Jerry who may be key to her chances. He and another 1,200 children are at the heart of a political battle that cuts across traditional political loyalties, raising fundamental questions about the mission of the Jewish state. Interior Minister Eli Yishai, leader of the ultra-orthodox Shas Party, wants to expel the foreign workers, many of whom are devout Christians, like Valdez, a Roman Catholic. Yishai says their presence "is liable to damage the state's Jewish identity, constitute a demographic threat and increase the danger of assimilation." The government says the illegals and their children must leave Israel...