Word: boomings
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...like other institutions, was making a mint dealing in derivatives tied to the U.S. real estate market. The boom was financed in part by collateralized debt obligations (CDOs), securities based on subprime mortgages that have come to define toxic asset. Companies that held CDOs could offset their risk by buying CDSs from AIG FP. Or they could simply speculate with the instrument. It all worked fine until overbuilding by housing firms and overleveraging by consumers caused the bubble to burst. Which in turn caused the value of CDOs to plunge. Which caused holders of CDSs on such securities to demand...
...entitled “Clinical Hypnotherapy,” and being of a scientific bent I thought I’m going to go in there and heckle these cats because this is a whole bunch of nonsense. So I go in there, and just listening to the guy, boom, I’m out in five minutes. So I’m like, okay, something’s up here. So I ended up taking the class. 12. FM: How did your parents react to your switch from medical school to dating?AB: I think my mom?...
...visitors on Chinese computers quickly jumping from about 100 to 16,000. James Fallows of the Atlantic writes that such "selective enforcement" can lead to the most stifling restriction of all - self-censorship: "The idea is that if you're never quite sure when, why and how hard the boom might be lowered on you, you start controlling yourself, rather than being limited strictly by what the government is able to control directly." Not like most Chinese care, though. A recent Pew Research Center survey found that 80% of Chinese think the Internet should be managed or controlled...
...Canadian sales executive for a global media company, who requested anonymity because he is negotiating a severance package with his former employer, is another expat who has been living parsimoniously since being laid off. In the boom years, he occupied a spacious sea-view apartment near downtown Singapore that rented for $5,000 a month. Today he occupies more modest digs, paying about $700 a month for an apartment he shares with a friend. "I'm interested in creature comforts like hot water, but I can do without joining a country club or driving a Lamborghini," he says...
...long-running boom in the construction of new apartments and houses across urban China ended abruptly last year and is now unwinding. Deflation is evident in Beijing and Shanghai in particular, where real estate developers and brokers report prices will likely be down 15% to 20% this year. Prices in the once booming city of Shenzhen are down more than 18% from year-ago levels. Nationwide, according to a recent forecast by economists at the Chinese Academy of Social Sciences, housing prices in China may decline 10% to 15% this year, as the overall economy struggles amidst the global financial...