Word: cases
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Finance Minister Shoichi Nakagawa made the case for using public funds to stabilize the financial sector following similar moves by the U.S. and Europe. Japan's national banks are considered to be in much better shape than counterparts in the West. But after the recent failures of Yamato Life Insurance Co., one of the country's major insurers, and New City Residence Investment Corp. a real estate investment trust (REIT), government officials are pushing to reactivate the law as a precautionary measure. "Huge storms are coming to Japan from abroad," says Masaaki Kanno, chief economist at JPMorgan Securities Japan...
...While the failure of Yamato Life is being regarded as an isolated case and not an indication of an ailing insurance sector, some economists say there is growing concern about Japan's property market and the damage that could be done to the banking system if real estate developers and owners began failing in large numbers. New City Residence Investment Corp. became the first REIT to go under since stocks of property trusts were first allowed to trade publicly on the Tokyo Stock Exchange in 2001. "The major REIT failure last week has affected the regional banks' balance sheets," says...
...Paatsch says that in the current market turmoil, the lack of such information erodes confidence. Investors whose shares in a fund lose most of their value would normally want to sack the manager, but with the Mac model, "you don't know what your options are." In the case of B&B Power, for example, "if you sack the manager you'd end up in the ridiculous situation where you'd pay them 25 years' worth of management fees - that's crazy." The review also noted that the funds are allowed to act in ways that normal companies...
...some veterans of Arizona politics paint a more complicated picture of McCain than as just a crusader against corruption. They talk of bullying and intimidation, of meetings when he banged the table so hard they feared it would split. In one case, recalls former Arizona Senator Dennis DeConcini, when he refused to fire an aide who had annoyed McCain, "to put it politely, he told me that I could go do something with myself." DeConcini, a Democrat, says that "in my eight years with him, I learned that John just hates it when you disagree with him. If you press...
...France with no one to play with should booing suddenly become a pre-game fad here. Worse still: French Interior Minister Michele Alliot-Marie on Wednesday night announced she'd ordered video footage of crowd shots be used to identify booers as evidence to try perpetrators in a court case for bringing "insult to the national anthem". So much for liberte...