Word: firing
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...fetched just 60 cents per dollar of book value. J.P. Morgan, in purchasing the assets, noted that, “Our more conservative financial policy puts us at a disadvantage in buying wind-farm assets—hence the large discount.” As a result of the fire sale, Pro-SWIFT creditors experienced significant losses...
These losses were the first in the history of the SWIFTS, and they had a powerful effect. Creditors of other SWIFTs, awakened to the risks involved, began to refuse to roll over short-term loans. This has led to further liquidations, bigger fire-sale discounts, and a cascading effect. To date, over 50 SWIFTs, representing over $700 billion in assets, have failed. Yesterday, it was reported that Berkshire-Hathaway was in discussions to acquire Magna-SWIFT’s wind-farm assets for 30 cents on the dollar...
...case of a fire alarm take only your exam copy and exam booklets. Proceed to the closest exit and assemble at [designated meeting location]. Stay together but do not discuss the exam. Keep your exam booklets closed...
...fire alarm goes off in the Science Center, and one-by-one, the 250 people in my class have their attentions pulled away from the behavior of eukaryotic cells. The head TF gets on the microphone, “Everyone keep your exams with you and head to your nearest exit.” And still, everyone remains calm as they slowly head up the aisles—a few people are still working...
...past year, celebrities like Oprah G. Winfrey and Madonna have come under fire for the elaborate girls’ secondary schools they have built in South Africa and Malawi respectively; grassroots activists assert that, in building such western-style schools, both women fall short of maximizing their potential for change. Unsurprisingly, celebrities and corporations capable of undertaking large-scale projects such as these “leadership academies” turn up their noses at the more localized efforts of these same grass-roots critics. Such antagonism is at once unnecessary and counter-productive. Each type of school affects...