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This arrangement gives HBO the flexibility and latitude to allow its showrunners incredible artistic freedom, but it also means that HBO has to absorb all of the risk of producing shows itself.
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Here the retirees absorb that risk.
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After all, for clients like John, there are only three options: making more money, spending less money, or investing better, which is marginal at best, based on the ability to absorb market risk.
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Indeed, many of the securities were created to absorb a 20 percent decline in value before investors are at risk of losing principal or coupon payments, but the stock has dropped more than that already.
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By not obtaining small group coverage, you risk losing your talent to other companies who are willing to absorb the cost.
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As in the war on terrorism, so in the war on crime: the sharp question is how much risk a society is willing to absorb in order to preserve liberty.
ECONOMIST: Lexington
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Higher capital requirements would put more of the shareholders' money at risk and, crucially, enable banks to absorb more losses in bad times.
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That they are shoring up a firm too small to pose a systemic risk betrays a continuing lack of confidence in the financial system's ability to absorb even modest shocks.
ECONOMIST: American finance
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With questions about whether the plant can restart, mounting costs and who picks up the tab, "there is a practical limit to how much we can absorb of that risk, " Craver said.
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