Word: solding
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...According to The Times of London, "The government is pressing ahead with plans to sell a string of state-owned organizations as part of a privatization drive to add ?35 billion to the dwindling public purse." Among the treasures being sold are the Royal Mint and the national mapping agency...
...credit-default swaps (CDSs). Essentially, AIG is swapping cash flows with other institutions: those banks pay AIG a small sum on a regular basis, and then under certain conditions - like mass foreclosure or corporations' defaulting on their loans - AIG pays out a large sum. In other words, AIG sold insurance; its problem is that it is paying out too much...
Moreover, investors and banks that hold credit-default swaps do not necessarily own the tranches of mortgages and bonds that the CDSs insure. AIG may have even written multiple swaps over the same mortgages and bonds. It would be as if an insurance company had sold earthquake insurance on one house to multiple investors. When the house falls, so does...
...online postings into hard copies of books, plays, movies or even computer games. Ghost Blows Out the Light, whose book and online game versions both became best sellers, already has a movie and a play in the making. More recently, a Shanda fantasy novel called The Star Games just sold its online game rights for 1 million yuan in January. "A major part of our job now is to forage those online-novel websites for potential book ideas," says Xiang Zhuwei, the Beijing-based publisher of Ghost Blows Out the Light. "And I believe it's the same with other...
...triumphant 2007 return to the ring, following a five-year hiatus, was seen by many aficionados as a way of stanching the decline. In his first fight back, Tomás sold out "antibullfighting" Barcelona's 20,000-seat ring. But even his powers aren't unlimited, say critics. "Who is he to decide what is worthy and what isn't?" asks the Rivera family friend. "Art is in the eye of the beholder...