Word: america
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...government debt jumped to 97 basis points Tuesday, nearly seven times higher than a year ago and 60% higher than at the end of last year, to a level roughly in line with those of France, according to data supplied by Markit. Those swaps are gambles that America will renege on its financial obligations. Being on par with France is even more humiliating than if we were compared to Cameroon which had a GDP of only $44 billion last year, less than Bernie Madoff took from his clients. (See pictures of the Demise of Bernard Madoff...
...serious now that it is believed that the United States Treasury may not have the capacity to keep a net under all of the faltering bits and pieces of the financial and credit systems. Traders are sending a message and have decided not to be subtle about it. America is spreading itself too thin. It has taken on obligations to assist many of its largest financial institutions, aid hundreds of thousands of homeowners, create jobs through an economic stimulus package, and give a large portion of the working population tax cuts. Wealthy citizens and corporations will be required...
...moment, there are few buyers for the toxic assets that are poisoning Citigroup, Bank of America and other major financial players. The unsellable loans sit on the banks' balance sheets at a huge loss, priced from zero to an optimistic 60% of what they might have sold for before the crash...
Imagine San Francisco Airport under water, or Long Beach Harbor in Los Angeles, the second busiest port in America, washed away. Picture Orange County's Newport Beach completely submerged under the encroaching ocean...
...Pacific Institute report takes that abstract number and shows what it will mean for the cities, streets, bridges, beaches and power plants in America's most populous - and vulnerable - state. Nearly half a million people will be at risk for what's called a 100-year flood event. That doesn't mean a flood that happens once a century, but rather a disaster that has a 1% chance of happening every year - which means it has a 26% chance of happening over the life of an average 30-year mortgage. The vulnerability is concentrated along the coastline...