Word: bleaknesses
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...That worries economists, as bank failures exacerbate the already bleak situation by decreasing the amount of lending in the system. That's one reason most now predict the country will sustain a protracted recession even if it manages to avoid the kind of systemic risk the FDIC feared a disorderly and public Wachovia failure might have brought...
...bringing an end to his four-and-a-half year battle with desmoplastic small round cell tumor, a rare and aggressive form of cancer. Friends and family said that Friedman exuded brightness—both in his intellect and his personality. His optimism even in the face of his bleak prognosis was the first trait noted by all who spoke of him. “Mikey had this ability to get an entire room to burst into spontaneous laughter,” said his older brother Brian Friedman, recalling his brother’s penchant for playing pranks and making...
...while the public stock offerings that made the London Stock Exchange a shooting international star have fizzled. Given the role played by arcane financial engineering in triggering the current crisis - the troubles at AIG, for example, stem largely from its freewheeling London financial-products division - the future looks especially bleak for people working in structured finance and complex derivatives. No surprise, then, that HSBC, Citigroup, Credit Suisse and others have started cutting staff...
...consumer spending and crimp investment in companies, leading to production cuts and job losses. Judging by previous crises, it can take about 18 months to two years for a financial squeeze to spread to the rest of the economy, which means that 2009 is shaping up to be a bleak year everywhere...
...Nature (IUCN) and published Oct. 6 in Science, an estimated one out of four mammals is threatened with extinction. The populations of about half the 5,487 known species of mammals in the world, on land and in the water, are dwindling each year. "Our results paint a bleak picture of the global status of mammals worldwide," the study's authors wrote in Science. "Within our lifetime, hundreds of species could be lost as a result of our own actions," said Julie Marton-Lefevre, the IUCN's director-general, at the organization's annual congress in Barcelona. "We must...