Word: understandingly
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...Hedge funds restrict themselves to extremely wealthy investors who understand the risks involved and who can hypothetically absorb occasional big losses. In return, the industry has largely been exempted from the regulatory and disclosure requirements imposed on more common mutual funds. But hedge funds haven't just been the domain of the ultra-rich. Other pools of wealth, including university endowments and public pension funds, have put their money in so-called funds of hedge funds, which spread risk by investing in a portfolio of hedge funds and hence are considered safer. But since hedge funds are doing badly...
...that the panic never would have happened if Paulson and Federal Reserve officials hadn't allowed Lehman to fail. Although, given how much criticism they got for their semi-bailout of Bear Stearns in March, it's easy enough to see where that decision came from. Less easy to understand is why Paulson initially stubbornly insisted that the bailout bill be structured as an asset-purchase plan - it's still called the Troubled Asset Relief Program, or TARP - rather than as a straightforward recapitalization of troubled banks. Treasury has since switched to the latter approach, so far putting $216 billion...
...student council Type-A suit. Chris was upbeat about his defeat, ever, he said, the “cock-eyed optimist.” “I’m not really surprised that I lost, I lost the first three elections of my high school, too. I understand that certain things work in college, certain things don’t,” he said. THE AUDACITY OF HOPE...
...hospital, there's a good chance that it isn't going to remember the experience. There's not going to be any significant consequences over the life of that child. However, when a teenager or a preteen is left at a hospital and abandoned in that way, they understand exactly what is going on. There is an extra level of trauma that is endured...
...resources. This levels the playing field between economic powerhouses like the U.S. and third-world nations like Ethiopia. The result is that countries where there are more high-paying jobs for everyone are not given an advantage over countries where there is little economic opportunity. It's easy to understand the thinking here - fairness, basically - but the data does not paint an overall picture of how women are faring in their daily lives in one country versus the next. It's hard not to argue that better economic, health and educational conditions overall benefit everyone, men and women alike...