Word: cds
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...CDS market exploded over the past decade to more than $45 trillion in mid-2007, according to the International Swaps and Derivatives Association. This is roughly twice the size of the U.S. stock market (which is valued at about $22 trillion and falling) and far exceeds the $7.1 trillion mortgage market and $4.4 trillion U.S. treasuries market, notes Harvey Miller, senior partner at Weil, Gotshal & Manges. "It could be another - I hate to use the expression - nail in the coffin," said Miller, when referring to how this troubled CDS market could impact the country's credit crisis...
Compared with the crowded, colorful displays of loot in most Broadway theater lobbies, the merchandise counter for Rent looks downright spare: a modest assortment of sweatshirts, mugs, CDs and T shirts in basic-grunge black-and-white. The show, too--on my first return visit since reviewing it 12 years ago--looks a bit paler than it did back in 1996, when it opened off-Broadway to so much acclaim that it made the jump to Broadway just two months later. The aids-centric story lines in this East Village update of La Bohème seem a little dated...
...roads near Lusi, shirtless men dart in and out of traffic selling bags of roasted nuts and dried fruit. They have also installed themselves at certain busy intersections, and demand a small levy to let cars pass. At the top of a levee, the men eagerly tout CDs compiled from video footage of the disaster. "Professional best," promises one CD featuring a photo of a charred, mud-crusted corpse on its front cover. Some of the CD sellers are displaced villagers; others are merely hoping to make a little money. One man cheerfully says he is a pickpocket...
...students across the country continue to cope with rising textbook prices, Congress has stepped in to provide some much needed relief. Under a bill proposed by the House Education and Labor Committee, publishers would be required to sell unbundled versions of textbooks that are not packaged with DVDs, CDs, or workbooks. Colleges would also have to provide students with advance information on textbook prices, which would give students the opportunity to plan for their expenses for the upcoming semester. “Textbook prices have far outpaced inflation over the past decade, now costing the average student close...
Polycarbonate plastic is used for a reason: It's useful. Hard, shatterproof, lightweight and clear, it's in a huge range of products from water bottles and food storage containers, to lenses in eyeglasses and car headlights, CDs and DVDs, and even bulletproof glass. "Whether you realize it or not, you use it in your life every day," says Steven Hentges, head of the polycarbonate group at the industry lobby organization American Chemistry Council. There are, of course, alternatives to polycarbonates, like glass and other plastics. And for the growing number of consumers opposed to bisphenol A, there...