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A common yet contentious liability management strategy is an “uptier” transaction, where lenders holding a majority of loans or notes under a financing agreement seek to elevate or...
The Atlantic Voluntarily sacrificing pleasurable things resets your senses and makes you master of yourself. ” is a weekly column by Arthur Brooks, tackling questions of meaning and happiness. We have just entered the season of Lent, a time to pray and fast to commemorate Jesus’s 40-day sojourn into the desert at the beginning of his public ministry. About a quarter of Americans—including 61 percent of Catholics—typically observe Lent through voluntary sacrifice, fasting, almsgiving, and prayer. Many religions have similar ascetic traditions, such as Yom Kippur in Judaism and Ramadan ...