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...Although CDSs work like insurance for investments, buying and selling them is similar to trading stocks. This generates a hazardous web of firms that hedged bets by both buying and selling CDSs. If one firm defaults, it cannot pay out the next firm’s insurance that can cause another firm to default, and so on. To further complicate matters, since CDSs are unregulated, there is no authority to which these transactions are reported. Thus, no single firm knows how many CDS deals have been made, and firms do not know to whom most CDSs have been sold. Additionally...

Author: By George Hayward, CRIMSON STAFF WRITER | Title: Regulating Credit Default Swaps | 4/12/2009 | See Source »

...status quo.The exhibition begins at a turning point in the history of painting, with the shift from wood panels to stretched canvases as the substrate for the painted work. The contrasting pair that opens the exhibition juxtaposes a Titian canvas with an earlier Bellini panel of a similar scene, a virgin surrounded by saints. The smooth surface of the polished wood panel and the carefully hidden brushstrokes give the Bellini its placidly silken, liquid surface, and even its painted and columned frame recalls the Italian High Renaissance; but the rougher surface of the canvas seems to free Titian to make...

Author: By Alexander B. Fabry, CRIMSON STAFF WRITER | Title: Titian Tintoretto, Vernonese Awe at MFA | 4/10/2009 | See Source »

...singer’s talent and vision prompted her peers to seek financial and artistic independence from the industry. Her suggestion of an all-female record label culminated in Olivia Records, the first company of its kind. The unprecedented success of Olivia Records’ artists and those of similar labels led to the first female-only concert events, like the Michigan Womyn’s Music Festival, which debuted in 1976, predating Sarah McLachlan’s Lilith Fair by two decades. Wednesday’s screening was followed by a public panel discussion featuring Williamson, Associate Professor...

Author: By Roxanne J. Fequiere, CONTRIBUTING WRITER | Title: Women In Music | 4/10/2009 | See Source »

...still low compared with industrialized nations like the U.S., where more than a third of all adults are considered obese (a condition defined by the ratio of weight to height). But Malta says the trend is clear and that Brazil is slowly on the same path. In 1975, similar studies showed that only 2.8% of men and 7.8% of women were obese; just seven years ago, the numbers were 8.8% and 12.7%. (See pictures of what makes you eat more food...

Author: /time Magazine | Title: Brazilian Obesity: The Big Girl from Ipanema | 4/10/2009 | See Source »

...Though results will not be made official until May 9, several national surveys showed similar numbers, all indicating a rise of the Democratic Party and the slow demise of the Golkar Party and the Indonesian Democratic Party of Struggle (PDIP), both of which came of age during Suharto's New Order regime. The Golkar party, the former president's political vehicle, dropped from garnering 21.6% of the national vote in 2004 to just 14.5% today, while the PDIP, led by former President Megawati Sukarnoputri, slipped from...

Author: /time Magazine | Title: Indonesia Moves Toward Center in Elections | 4/10/2009 | See Source »

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