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Back to Business - Wall Street Pursues Profit in Bundles of Life Insurance - Series - NYTimes.com on 2009-09-07
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The bankers plan to buy “life settlements,” life insurance policies that ill and elderly people sell for cash — $400,000 for a $1 million policy, say, depending on the life expectancy of the insured person. Then they plan to “securitize” these policies, in Wall Street jargon, by packaging hundreds or thousands together into bonds. They will then resell those bonds to investors, like big pension funds, who will receive the payouts when people with the insurance die.
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The earlier the policyholder dies, the bigger the return — though if people live longer than expected, investors could get poor returns or even lose money.
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The New Back to School Ritual - Swine Flu Quarantines on Campus - NYTimes.com on 2009-09-06
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It is a holding pen for the coughing, wheezing, hand-sanitizing souls whose return to college coincided with their infection by a serious and highly contagious virus
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A staff member brings grocery bags of Tamiflu, granola, sports drinks, soup and thermometers. The goal is preventing the infected from sniffling and hacking their way into an epidemic.
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Punch Gives College Athletics Another Black Eye - NYTimes.com on 2009-09-06
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It always concerns me when I see athletics taking over the front pages, and not in a way that they should,” said E. Gordon Gee, the president of Ohio State, itself home to a robust athletic program. When he was chancellor of Vanderbilt, Gee eliminated the athletic department out of concerns that athletes had become isolated from the rest of the university. The events of the past month, he said, show “there is an immense focus on athletics — too much so — and we need to continue to try to bring some sanity to the arms race that we’re engaging in.”
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Oregon’s president, Richard Lariviere, denounced Blount’s actions as “reprehensible” in a statement Friday. “We do not and will not tolerate the actions that were taken by our player,” Lariviere said. “Oregon’s loyal fans expect and deserve better.”
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N.C.A.A. Says Memphis Must Vacate Its Final Four Season - NYTimes.com on 2009-09-05
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Derrick Rose
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Derrick Rose had played the season while academically ineligible because his SAT score was ruled invalid.
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- WiMAX Evolution - Networking, wireless, and WiMAX on 2009-06-25
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Historical prices for GAS (Claymore Natural Gas Commodity ETF) - Google Finance on 2009-06-22
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17.69
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17.75
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- Flexr 1.0.11 PHYSICS Text online at Virginia Commonwealth on 2009-06-19
- Understanding the NIMBY and LULU Phenomena: Reassessing Our Knowledge Base and Informing Future Research -- Schively 21 (3): 255 -- Journal of Planning Literature on 2009-06-18
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HP's CloudPrint Heads into BlackBerrys - BusinessWeek on 2009-06-08
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Research in Motion (RIMM) will announce that it has licensed CloudPrint for use with its BlackBerry devices. The software will be available as a free download for BlackBerry users or via corporate IT departments.
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- Overview | Teaching Copyright on 2009-06-05
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