The real pressure to introduce another grade was from politicians, she suggested, who wanted to defend themselves against accusations of exams getting easier.
All of them got into trouble with their investment portfolios last year, particularly in commercial real estate, mortgage paper and low-grade corporate bonds.
This assumes that in retirement the couple switches to a lower-risk, conservative portfolio of government and high grade corporate bonds earning on average a real return of just 3%.
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The banks were forced to throw good money after bad because, six months earlier, they had agreed (in exchange for meager fees) to cover Enron's financing needs should the high-flying, investment-grade energy giant ever find itself in real trouble.
When it comes to real cloud computing, only a couple of players make the grade, he explained.
Young players are looking for "real-life camaraderie, " said Mr. Sokolski, a grade-school teacher from Petawawa, Ontario, and the president of the Ontario Table Hockey Association.
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The easy-to-use app makes payments quickly, securely and conveniently with the assurance that it's secured by bank-grade encryption, passcode protection, strong privacy protection, zero fraud liability and real-time fraud monitoring.
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More important, and cooler, it can accept digital maps of real bike routes like the Ironman Kona and simulate elevation changes up to a 15% grade by making pedaling harder.
Rather than actually being a replacement, or a low grade substitute for, it sounds rather more like just being another interface for a real smartphone.
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The vast majority of real estate investment trusts--known as equity REITs--pay mostly cash for high-grade commercial properties.
Investment grade corporate bonds would also be affected as the cost of insuring those bonds rises with the risk and real possibility of future defaults.
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