These are probably extreme cases. More often, structures are calibrated so that assets pay down while a derivative amortizes. Most read more

These are probably extreme cases. More often, structures are calibrated so that assets pay down while a derivative amortizes. Most investors, who do not want their returns squeezed, would insist that the original transactions are modified to contain risks.

Humanitarian missions are little different from any other public enterprise, diplomacy included, which is susceptible of misinterpretation by the public, read more

Humanitarian missions are little different from any other public enterprise, diplomacy included, which is susceptible of misinterpretation by the public, hence ultimately of failure.

You can't make the Duchess of Windsor into Rebecca of Sunnybrook Farm.

You can't make the Duchess of Windsor into Rebecca of Sunnybrook Farm.

As we find ourselves in the middle of this building boom, it's a more acute problem than ever.

As we find ourselves in the middle of this building boom, it's a more acute problem than ever.

There were a lot of strong riders there in the top six, but the track's a little slippery, a little read more

There were a lot of strong riders there in the top six, but the track's a little slippery, a little softer than I thought. So I had a hard time getting up to speed there, misjudged the sprint and, you know, got second.

We have a good opportunity.

We have a good opportunity.

We have been expecting this system to weaken for the last few days, but the system has not weakened. I read more

We have been expecting this system to weaken for the last few days, but the system has not weakened. I cannot speculate about it because we don't know why.

I was surprised by the atmosphere in the stadium in Chicago. The fans were loud. Yankee Stadium can be loud. read more

I was surprised by the atmosphere in the stadium in Chicago. The fans were loud. Yankee Stadium can be loud. Those people gave them a run for their money.

When I finally found that notion of Jo, I found the structure of the opera,

When I finally found that notion of Jo, I found the structure of the opera,