Word: analysts
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...including Foreign Minister Miguel Angel Moratinos, who was in Morocco at the time the ambassador was recalled - by surprise. "It's not the reaction itself, but rather the speed with which relations between the two countries have deteriorated that is so surprising," says Haizam Amirah-Fernández, senior analyst for the Arab world at Spain's Royal Elcano Institute. "Spanish-Moroccan relations are always presented as privileged. But these declarations have been extremely vehement." On Saturday, the Moroccan parliament called for protests outside the Spanish embassy in Rabat, and on Monday, hundreds of angry citizens demonstrated on the Moroccan...
...diesel prices, calling the move an "urgent step" needed to tamp down demand and encourage refiners to ramp up production. The price hike is likely to alleviate the shortages - that is, until the next increase in global crude prices, says Gordon Kwan, a Hong Kong-based oil and gas analyst for CLSA Ltd. "When retail prices [in China] are nearly a third lower than in the rest of the world, why would producers want to boost supply?" Kwan asks. "The best way to solve the problem is to lift government regulation on prices...
...Congress can only attempt to impeach the President once a year). The allegations underscore just how toxic the political atmosphere has become: Arroyo's administration is being accused of bribing lawmakers to support her own impeachment. "What galls the public was that it was done so flagrantly," says political analyst and newspaper columnist Manuel L. Quezon III, referring to the bags of cash. "In the Philippines, everyone expects everyone else to be a crook. What Filipinos cannot stand is a brazen crook...
...Throw in the fact that disappointed investors will likely migrate to those funds that did well during the recent bout of volatility and you have a shakeout scenario. Huw Van Steenis, an asset-management analyst with Morgan Stanley, told a forum of European hedge-fund managers in October that a "super-league" of funds is slowly taking control of the industry. In 2006, 67% of all assets under management were controlled by this élite group of the top 100 funds, compared with 49% in 2003. "We think there's going to be a Darwinian process, a sorting...
...hard not to root for a guy--even a filthy-rich guy--who loses his dream job by standing up for a colleague's wife. But veteran banking analyst Richard Bove of the brokerage firm Punk Ziegel says Dimon owed his big quarter to a billion dollars in onetime gains. "Apart from that, JPMorgan's results are just as bad as everybody else's," he says. He has similar concerns about Goldman Sachs. Bove's verdict: We're in the midst of a "systemic debt crisis" from which no one can emerge unscathed...