Word: wente
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Dates: during 2000-2009
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...Although a CDS is, in its simplest form, an insurance policy, AIG was selling something far more exotic. Say you buy a house and insure it. The insurer doesn't offer the same policy on your house to everyone else in the neighborhood; if it did and your house went up in flames, the insurer could get wiped out. In its CDS contracts, though, AIG wrote multiple insurance policies covering the same underlying package of increasingly toxic assets. In essence, it was underwriting systemic risk. This is the opposite of what insurance companies are supposed to do: diversify risk across...
...news article "Ifill Accepts HKS Journalism Award" incorrectly stated Gwen Ifill received $25,000 with the Goldsmith Career Award for Excellence in Journalism. In fact, that award had no prize money. A different award—the Goldsmith Prize for Investigative Reporting Prize, which went to Washington Post writers Debbie Cenziper and Sarah Cohen—came with...
...said that so far, the move to serve alcohol has been a “resounding success.” Sales over the weekend were “very good” as customers collectively imbibed two kegs of beer. “Our first two performers last week went up on stage with beers in hand,” Smith said, laughing. Club Passim also adjoins the restaurant Veggie Planet, which shares a close business relationship with the music venue. While Club Passim owns the liquor license, it is Veggie Planet that actually serves the alcohol and keeps...
...came up with a game plan: e-mail my top results, set up some dates over the next week, and see how things went. I opened up my Facebook profile so they could see what they were getting themselves into. None of the girls knew I was asking my other results. None of them knew that they would end up—anonymously?...
...helping to end the Cold War: Pope John Paul II. Giansanti traveled the world with the globetrotting Pontiff and, while he was on the other side of Rome when the attempt was made on the Pope's life, Giansanti was among the photographers at Rebibbia prison when John Paul went to forgive his would-be assassin, Mehmet Ali Agca. Giansanti's large portfolio of images of the Polish Pope at work and prayer in the Vatican were integral to TIME when the magazine made the Supreme Pontiff its 1994 Man of the Year. (See Giansanti's 1994 photograph of John...