Word: worthely
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...Couples, The Real World explored what happened when people "stopped being polite ... and started getting real" ... but not too real. Slickly created and cast by pros, TRW placed seven 18-to-25-year-olds from diverse backgrounds in a house of its choosing for at least a dozen shows' worth of provocative banter. (Its first season generated buzz with a fierce battle on race between a black writer and a moody, white aspiring folksinger.) A ratings bonanza for MTV, the artificially authentic TRW convinced network execs that the genre had commercial brawn, and set the stage for the first network...
...talk about Reserve Primary Fund, which was the first of three funds at Reserve Management to break the buck. What Reserve announced was that because of investments in Lehman IOUs, it was worth 97 cents per share instead of a dollar. In other words, it was down by 3%. Not worthless. Down by 3%. Let's keep that in mind...
...perfectly rational. But when everybody does it at the same time, big trouble ensues. "[N]ot all leveraged lenders can shed assets and the associated debt at the same time without driving down asset prices, which has the paradoxical impact of increasing leverage by driving down lenders' net worth." Basically, if all lenders de-leverage at once, the financial system implodes - and everybody, not just the bankers, suffers...
...decides to liquidate. As a policyholder, you're in line ahead of creditors. If the insurer is in real trouble and can no longer pay claims, then the state's guarantee fund kicks in. It varies from state to state, but generally you have at least $300,000 worth of total coverage...
...course, there's a worst-case scenario: that McCain would, if elected, maintain his predecessor's chilly relationship with Spain. Spaniards may, on the whole, revile American politics and American comida de basura (junk food), but they still tend to measure their Prime Minister's international worth by the esteem with which the U.S. President holds him. And so, for the past four years, the Spanish Prime Minister has tried, ever so earnestly, to prove that he's one of the big boys. At every international summit he has tried to maneuver himself into position for a photograph with Bush...