Word: underwritten
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...taking risks but also its chief risk watchdog. He has a far different perspective from that of most of the previous Goldman bosses. In December 2006, Viniar led a meeting of senior Goldman executives to examine ongoing daily losses in the firm's mortgage portfolio. Goldman had already underwritten and sold billions of dollars' worth of mortgage-backed securities, much of it labeled investment grade by ratings agencies. It was, in fact, junk. But Goldman realized earlier than most that rot was setting in and famously decided to pull back from the mortgage market. The firm then shorted various mortgage...
...surface, another four years for Uribe, who was first elected in 2002 and then won a second term in 2006, might seem like a no-brainer for both Colombians and the U.S. government, which has underwritten his administration with more than $5 billion in mostly military aid. The assistance has helped the Colombian police and army troops to drive back guerrilla groups, arrest drug traffickers and reduce kidnappings. Until the global recession took hold, the improved security had helped to attract billions in new foreign investment, which sparked an economic boom. After seven years in office, Uribe's approval rating...
...fact, doctors anywhere in the U.S. have had access to the same prescription-writing software from Allscripts for free off the Web since 2007. The cost is underwritten by many of the technology and health industry's biggest names - Cisco, Dell, Google, Microsoft, Aetna and Wellpoint. (The upside for Allscripts is potential future sales of its full medical record-keeping software to early adopters of the e-prescribing program.) But even freebies aren't enough to get doctors to change their paper-scribbling ways. Many still find old-fashioned pen and pad to be more efficient. A recent study found...
...that a strong start does not mean a strong finish. China is a case in point. Its GDP has grown at a rate of about 10% a year for a decade. The government has done whatever it needed to do to keep the economy on track. It has underwritten the build-up of the manufacturing sector, the telecom and electric infrastructure, and a large and complex financial system. It has also sold parts of the nation's largest companies to the public to give the companies more access to capital. The communist central government says it will put about...
Ontario, the industrial heartland of Canada and the home of Detroit North [its Detroit-allied auto industry], used to be considered the nation's growth engine. Now, it's become a have-not province eligible for federal transfer payments - money in part underwritten by oil-rich Newfoundland. It's an irony not lost on most Canadians, since Newfoundland has carried the mantle of neediness since joining confederation 59 years...