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In your news pages, in June, "Risky Rise of the Good-Grade Pill" documented the misuse of stimulants by upper-middle-class suburban youths in an effort to gain an academic edge.
That The New York Times gave front-page coverage to "Risky Rise of the Good-Grade Pill" (June 10), about the diversion and misuse of stimulants, speaks both to the rise and, frankly, the sensational aspect of this practice among teenagers.
And the financial surpluses it generated translated into our dangerous deficits, the secular and risky rise of indebtedness in much of the West.
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When risky assets rise, the dollar falls.
All through last year, Jim Melcher saw the signs of a rapidly deteriorating American housing market — riskier mortgages, rising delinquencies and more homes falling into foreclosure.
Their resulting unwillingness to trade has turned markets illiquid: bid-ask spreads in all but the least risky assets have risen sharply.
Its complacent government has cut the budget for prevention by nearly two-thirds, and infection rates and risky behavior are rising.
But as equities have climbed since the dog days of autumn 2002, and implied volatility has fallen to a third of its level then, prices of corporate bonds and other risky assets have risen dramatically.The question, of course, is whether the price of uncertainty, particularly in equity markets, will remain as low as it is now.
Capital requirements for risky trading operations could rise by as much as three times.
There are other concerns: * Federal regulators worry about a rise in risky lending by banks to people with poor credit histories.
Briefly, there is a push factor as investors are forced out of low-yielding cash, and a pull factor as the present value of future cashflows from risky assets appear to rise.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com