Quotes of All Topics . Occasions . Authors
A credit default swap was confusing mainly because it wasn't really a swap at all. It was an insurance policy, typically on a corporate bond, with semiannual premium payments and a fixed term.
I've produced before, and sometimes it's by default. In the indie level, you can't just come to set and be like, 'Oh, I'm an actor.' You have to be willing to help out, make the project happen.
The thing is, Obama is right that it would be a calamity for the government to default on its debt by not meeting its obligations. Such a thing has never happened and can't be allowed to happen.
'Perfect competition' is considered both the ideal and the default state in Economics 101. So-called perfectly competitive markets achieve equilibrium when producer supply meets consumer demand.
A column is a curiously intimate affair. For a start, you know by default that you will have regular readers, so it gives the writer the privilege of continuing a running conversation with them.
There's a tendency in American thought - maybe elsewhere, but that's the culture I know best - to default to social Darwinism, even though even Darwin noted that's a misapplication of his ideas.
I'm definitely focusing all of my attention on acting. Modeling comes up by default, and I love it - of course I think that it's great - but I'm definitely focusing all of my attention on acting.
I spend an awful lot of time just thinking about what is going on in the world and talking to people about that. It's probably one of my default social activities, just getting dinners with friends.
It's the default premise in science: If you observe something in nature only once, you assume that what you've seen is typical. That's because 'typical' is just another way of saying 'most probable.'
In my min,d there is arguably a greater risk of a default on the debt of a U.S. state than there is on the debt of a euro-area member. I consider it unthinkable that a euro-area country would default.
If you want a referendum, vote for the others. Or, in certain cases, you can stay at home, you don't vote and you could find yourself with a referendum by default because you didn't exercise your vote.
So I don't think that the default mode of aggressive interviewing is useful, because politicians just build a defence against it. In fact, they thrive on 'Today' because they know what's going to happen.
I didn't want to be an author; I wanted to be a scientist. Not that I didn't love literature, but I couldn't distinguish it from reading, and reading was already my default activity, almost like breathing.
In a world without an Ex-Im Bank, which finances just 2 percent of U.S. exports, private firms would provide the insurance and credit these companies need, but at market rates that reflect risk of default.
I see myself as more of a student, that I love to get down into the weeds of different problems and try to go through that. I don't mind messaging, but I'm going to default back to the research side of things.
The people who did the collateralized mortgage obligations, sold them to pension funds, then sold them short, then bought credit default swap insurance on them, are just amazing. They are a law unto themselves.
Many graduates, moving often in the first years of their post-college life, simply forget to update their addresses with Harvard, and so bills go unanswered and uncollected. This is called a 'technical default.'
We tend to default to complacency. Stick to the easy option. We all do it. We've tried to create a business model and society around us that is as easy and boxed as possible. We love creating boundaries and borders.
The best board members aren't elected by default. CEOs that set themselves up with their choice of board member - which means getting more than one term sheet and doing extensive reference checking - are better off.
Make the film that you love. When you find a film that you love, every molecule of your being will be moving in the direction of making the best film you can possibly make. This should be your default mode of operation.
Each generation has its own rendezvous with the land, for despite our fee titles and claims of ownership, we are all brief tenants on this planet. By choice, or by default, we will carve out a land legacy for our heirs.
There is a difference between strategic or technical default and default where you really don't have the economy to support the spending. We are not at that point yet. We could be. We could be, like some European nations.
This is the 21st-century paradox: Even as political democracy has become the intellectual default mode for much of the world, the private sector usually trumps the public one when it comes to accommodating consumer choice.
There's this sense that whiteness is the default and does not need to be questioned. That you've got a race if you're black, or any kind of Asian, or any kind of Native American, but that you have no race if you are white.
What I am against is false optimism: the notion either that things have to go well, or else that they tend to, or else that the default condition of historical trajectories is characteristically beneficial in the long-run.
I think the default position of humans is to be terrible, and we have to train it out of our children. That's just part of survival, right? Predator animals don't survive by being nice; humans are basically predator animals.
For a white writer not to be able to step into the shoes of people of color confuses me. That should be the default - many people of color have to step into the shoes of white people. Women have to step into the shoes of men.
I was able to use credit default swaps to protect not only my investments but the hundreds of jobs that exist because of my investment. I understand the dangers of credit default swaps and the benefits of credit default swaps.
We believe that a civilised society can be measured by the way in which it treats its most vulnerable members and that being impatient about poverty is therefore simply the default position for modern progressive Conservatives.
Anytime I meet people who got to make the deliberate choice, whose parents chose Canada, I'm jealous. Because I think being able to choose it, rather than being Canadian by default, is an amazing statement of attachment to Canada.
If the Walkman had, by default, silently contacted your friends and told them what you were listening to, not only would no one have bought a Walkman in the first place, its designers would have been viewed with the utmost suspicion.
I'm no financial expert. I scarcely know what a coin is. Ask me to explain what a credit default swap is, and I'll emit an unbroken 10-minute 'um' through the clueless face of a broken puppet. You might as well ask a pantomime horse.
After everyone has had a chance to bluster, posture, and pontificate, we are left with one basic question: under any foreseeable circumstance, would it be in our national interest to default on our debt? The answer is unequivocally no.
One of the characteristics of New Labour - and Miliband is irredeemably of that species - is that, in the guise of a new liberal language, it has adopted the age-old default mode of British foreign policy, namely military intervention.
A credit derivative, at its core, is actually a very simple concept... The simplest way to think of a credit derivative is it is analogous to insurance against the risk of a credit default by your counterparty, your business counterpart.
One meaningful distinction between high and popular culture, is that there's way more good popular culture - because its standards of quality are more forgiving, because sobriety isn't its default mode, because there's so damn much of it.
Many of us are under the delusion that the police exist solely to deal with crime and keep us safe. That is to ignore the major focus of many of today's top cops on managing reputation - both of their force and, by default, their careers.
For almost a century since 1918, the centralised nation-state has been the world's default political form. Its various experiments in industrialisation, urbanisation, mass literacy and consumerism have brought more people into public life.
We often hear that people mean well: that so many just don't how to interact with people with disabilities. They're unsure of the 'right' reaction, so they default to condescension that makes them feel better in the face of their discomfort.
Billie doesn't actually like recording sessions at all. We like making music together. She doesn't like going to some big studio and having them pretend to be a therapist for a couple hours. So by default, we always make the good stuff together.
I, for one, am profoundly grateful to feel the hand of God at work in my life. But at the beginning and end of the day, when my default setting is to show kindness and love to others, I never regret it. And to me, that is what faith is all about.
Following its recognition as a state in 1832, Greece spent most of the remainder of the 19th century under the control of creditors. The pattern started with a default in 1832. In consequence, Greece's finances were put under French administration.
I just wanted to be a composer; I became an actor by default, really. I got a scholarship to a college of music and drama, hoping to take a scholarship in music. But I ended up as an acting student, so I've stuck with that for the last 50-odd years.
The real gender inequality in marriage stems from the tendency to regard women as the default parent, the one who, in the absence of family-friendly work policies, is expected to adjust her paid work to shoulder the brunt of domestic responsibilities.
Sadness is a very interesting idea, this idea of sadness being some kind of default setting that artists will go into. And then I started thinking about this idea of sadness and happiness, and the idea that sadness is very loud, and happiness is quiet.
Credit default swap is basically just an agreement that I have with you, where I sell you insurance on some bond you own. If the bond goes belly up, I promise to pay you. And as long as the bond doesn't go belly up, you pay me for selling you insurance.
I have never been a fan of bond funds. Unlike a direct investment in an individual bond that you can hold to maturity and be assured you will get your principal back (assuming no default), a fund has no finite maturity date and most funds are actively traded.
The American people were really not 100% convinced that this idea of default was really going to occur, and I think the media, current company excepted here, did not help in that regard because they confused the American people about what default actually meant.
You wouldn't want to underestimate the perfidy of the government. I have no doubt that the government will need to increase revenues substantially to avoid default on either debt or social welfare promises. How they will increase those revenues, I can't predict.
I eventually made the reunion with my father that I'd used as a default daydream throughout my childhood, but by then, we'd both outgrown the only relationship we could have had to each other. I was over 30 by the time I met him again and no longer needed a father.