Word: dominions
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...dead, so inventive people figured out ways to reorganize them rather than shut them down. "The investment banks and lawyers and managers would negotiate a deal and get the courts to bless it," says David Skeel, a law professor at the University of Pennsylvania and author of Debt's Dominion: A History of Bankruptcy Law in America. "It was a very flexible reorganization process." It was also a uniquely American answer to business failure. The private sector took the lead. Reinvention--and rebirth--was the goal. (See pictures of the global financial crisis...
...turn this unified ambition into reality, Havard will look to draw as much experience as possible from tournaments before the Ivy season in February. With four matchups against top 25 teams–including No. 5 Missouri, No. 19 Old Dominion, and No. 23 Virginia at the Northeast Collegiate Duals this month—Harvard will have its hands full during the winter...
...coal industry counters that the sheer rise in demand for electricity--projected to increase 30% by 2030, according to the federal Energy Information Agency--means a new generation of coal plants is inevitable. Dominion executives point out that Virginia has a projected shortfall in electricity supply and that the Wise County plant is needed to close that...
...coal" will solve the pollution problem. But it's not clear what they mean. "Clean coal" can refer to new technologies that remove pollutants like soot and sulfur dioxide from the waste process, or it can mean capturing and sequestering the carbon burned in coal. The former exists--the Dominion plant is a good example--but the latter does not. And a new report by the International Energy Agency noted that research for sequestration projects remains badly underfunded. "Clean coal is like healthy cigarettes," Gore said. "It does not exist...
...when the Canadian bank Toronto-Dominion got out of structured products, including CDOs and interest-rate derivatives, CEO Ed Clark was pilloried for leaving profit on the table. Clark, who has a Ph.D. in economics from Harvard, made the decision because he couldn't comprehend, to his satisfaction, the credit and equity products that were being traded at the firm. So he decided to quit the business--a move that kept his bank in the black while others suffered. "I'm an old-school banker," he later said. "I don't think you should do something you don't understand...