Word: high-risk
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...year hundreds of people die while living life to the fullest - battling white-water rapids, climbing the world's tallest mountain peak, descending to the depths of the ocean. These extreme sports are inherently dangerous and you take your chances. Or do you? "One of the things about these high-risk activities is that if you're going to participate in them you assume a certain kind of risk," says Prof. Lyrissa Lidsky, who teaches tort law at the University of Florida. In the case of Groh, the question is whether the tour operator failed to use reasonable care when...
...According to Margulies, admiralty law would apply if the vessel transported passengers between a port in the United States and a foreign country. The federal law would allow a negligence claim; Florida law would bar such a claim. Florida holds that waivers signed by a person participating in high-risk activity such as skydiving or shark watching are valid because they are knowingly engaging in risky activity, Margulies says...
...Harvard’s administration tightens the College’s alcohol policies, a task force of students and faculty at Princeton charged with tackling the issue of high-risk drinking on campus is considering setting up a room party registration system similar to the one that used to exist at Harvard. The task force, called the Alcohol Coalition Committee, will report its findings in May, and has hosted two events to solicit student input during the past month. Another event will take place this Friday. The move to study a potential new alcohol policy comes amid increased concern about...
...Bank of England and entrust it to the agency responsible for the regulation of U.K. financial markets - perhaps under the erroneous belief that financial regulation and bank supervision were much the same thing. In fact, they are fundamentally different. In any event, although Northern Rock was pursuing a conspicuously high-risk business strategy, which enabled it to increase its share of the mortgage market very substantially, the new regulator proved to be asleep on the job, and the danger was completely overlooked until crisis overtook the bank last September. As a result, it had to be bailed...
...spent five months unsuccessfully trying to find a private-sector solution, which was never in any genuine sense going to be possible, least of all amid the turmoil of today's financial markets. While the situation deteriorated, the taxpayers' exposure grew, and the bank was allowed to continue its high-risk lending. (High-risk borrowing had undone it, but its lending was, and still is, almost equally risky...