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...into foreclosure as people who made downpayments and could document their ability to pay. "This poor performance in the subprime market calls into question the capabilities of lenders, securitizers and investors to reliably estimate peak charge-off rates," warned Joshua Rosner, managing director of Graham Fisher & Co. and Joseph R. Mason, a finance professor at Drexel University in a paper in early 2007. When all the indicators went bad - delinquencies and interest rates up, home prices down - the agencies started yanking the ratings on CDOs by the carload. As the number of subprime delinquencies started to climb, and the magic...
...recognition of his work on miRNA, Ruvkun won this year’s Lasker Award for Basic Medical Research—a prize he shares with his fellow researchers, Victor R. Ambros, a professor at the University of Massachusetts Medical School in Worcester, and David Baulcombe, who teaches at the University of Cambridge...
...three Lasker Awards—known informally as the “American Nobel Prizes,” because 75 laureates have gone on to receive the Nobel Prize in Physiology or Medicine—will be presented at a ceremony featuring New York City Mayor Michael R. Bloomberg as the keynote speaker on Sept. 26. The prize in each category...
...easier for BPA to leach. Ultimately, though, it may not even matter what the FDA does - a new report by the Investor Environmental Health Network says that consumers, manufacturers and retailers are already forgoing the chemical, buying and selling BPA-free bottles and other products. Wal-Mart and Toys 'R Us have already announced their intention to shift away from products containing BPA. Which shouldn't be surprising - in America, commerce leaves science and the government in the dust...
...bargaining over the estate. That, anyway, is the sequence of feelings that hit Frédéric (Berling), eldest child of Hélene (Scob), matriarch of the clan who died at 75. Neither of his siblings - Adrienne (Binoche), a designer living in New York, and Jérémie (Renier), whose job has taken him, his wife and kids to Shanghai - is attached to Hélene's country home as much as Frédéric is; both want to sell the place and the valuable paintings and furniture...