Word: similars
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...private-equity funds as a model for the new government plan. Lone Star purchased that amount of Merrill Lynch's portfolio of asset-backed securities, and Merrill Lynch reduced Lone Star's risk by financing three-quarters of the purchase. Therefore, Lone Star had limited risk, which is similar to the way funds would have limited risk buying bad securities with government backing. But the most important part of the deal was not Lone Star's risk; it was the price. Lone Star paid 22 cents on the dollar. This means that Merrill Lynch had priced its asset-backed securities...
...Certainly the government could make sure that people who are employed and do not have a history of being deadbeats get a portion of their car loans paid. When cars are repossessed and go onto the market to be sold as "used," that drives down the entire market for similar vehicles. A surfeit of well-maintained cars available at prices well below new ones undermines the ability of Detroit to get its sales back up without having to offer incentives...
...Work” signals a bright future for arts education at Harvard, the future of the class itself is still undetermined. Coriel would like to continue to offer it next year, perhaps even spreading it across two semesters. His real goal, however, is to inspire the introduction of a similar class into the Music Department.“If we can create a precedent for a course like this happening and people being interested then maybe we can get Harvard to get the real people to teach it,” he says.Although he was cautious about how soon...
...what people have done with it and the rest of Darwin’s legacy.” Browne, who is offering a talk at the symposium and a lecture titled “Darwin 200: Re-thinking the Revolution” at 6 p.m., extends a similar welcome. “Do make a detour to Cabot to see their work,” she said. “The exhibition explores why Darwin still packs such a punch today and how he has become a modern icon.” —Staff writer Victor W. Yang...
...anxious to declare victory that they ran to announce the news before their House counterparts had fully signed off. "The difference between the Senate and House versions were resolved," Senate majority leader Harry Reid told a throng of reporters on Wednesday afternoon. "The bills were really quite similar. And I'm pleased to announce that we've been able to bridge those differences." (Read "How to Know When the Economy Is Turning...