Word: toasted
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...billion bond portfolio. That may seem like it gives Strata investors a lot of protection. But if just 15% of BofA's $1 billion imaginary bond portfolio, which are real bonds just not necessarily owned by BofA, goes bad, then 100% of the investment in Strata is toast. Because of that, Moody's rated the bond the equivalent of BBB-, which is the lowest investment grade rating the firm...
...over 10 years, the bank will survive. It can cover the loan losses with the earnings it gets from all its paying customers. But given the way banks capitalize themselves these days, if 5% of a bank's loan portfolio goes bad in a single year, the bank is toast...
...gives a boisterous rendition of one of Burns' poems, "Address to a Haggis." When he recites the line about cutting the food ("An cut you up wi ready slight") he stabs the haggis dramatically, holds the food aloft and concludes with the line, "Give her a haggis!" Then everyone toasts the haggis, which is subsequently served and eaten with side dishes of neeps (turnips) and tatties (potatoes). Men give a sarcastic, sexist toast "to the lassies" and the women (most dinners now allow women) reply with a sarcastic toast about how much they hate men. More poems are recited, songs...
...noodle around with foreign ambassadors, there's a nightspot for every mood and every age. Eateries, bars, clubs and more are rolling out their red (and white and blue) carpets, keeping longer hours than usual (in some cases, until breakfast) and planning all sorts of special ways to toast the swearing in. TIME.com spent several nights sampling what DC is cooking up for the inaugural weekend. Here's a taste...
...Annenberg Hall, Elizabeth R. Moroney ’12, sampled dried fruit and pound cake, calling the food “absolutely delicious.” “We should have this every week,” she added, before heading back for another piece of crispy French toast with glazed apples. While the reading period brunch was designed to give students a chance to relax and recharge, HUDS is also implementing more lasting changes for the next 10 weeks as it transitions to the winter menu. The seasonal dining changes—made three...