First, the portfolio is much less exposed to the global deadbeats with most debt.
The book gives a pretty good sense of Mr. Ritts's drive, but also of a period when celebrity was much less exposed than it is today.
However, current-account surpluses and modest domestic debts mean that most of the region is much less exposed to the credit crunch than eastern Europe is.
On the other hand, Wells Fargo, which is much less exposed to the ups and downs of Wall Street, reported better than expected earnings on Tuesday.
Tara Baten, a spokeswoman for American Airlines, a unit of the AMR Corporation, said SARS did not factor into American's decision to cut capacity in May because its network is much less exposed to Asia than those of some of its rivals.
The United States economy is much less exposed to a slowdown in the Chinese economy, with exports of goods to China representing less than 0.7 percent of American economic output last year.
Citi is much less exposed to its home market than is its arch-rival, Bank of America (BofA).Still, the near term will be ugly, even if confidence can be restored.
There are reports that the fifth generation of Sulzbergers is similarly restless, though as Mr Sulzberger has pointed out, the eight-member family trust that controls the company is much less exposed to this pressure than the many Bancroft-family trusts were.
As a result, Britain is much less exposed to a run on its own banks by depositors holding foreign currencies than Iceland was.And although Britain has exceptionally high external liabilities, thanks to the City's status as the world's biggest international financial centre, it also has very large foreign assets.
Computer modelling simulations showed that in HIV-2 the V3 loop is much less exposed than C2 and C3 and has a retractile conformation due to a physical interaction with both C2 and C3.
