Word: chaine
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...company has 33,000 employees which means that it is not much smaller than Chrysler's US car operation. Rite Aid has 4,900 stores and it is in real trouble. If Rite Aid faced bankruptcy it would cause unemployment problems, but it could also trigger a destructive chain of events in the real estate industry by defaulting on store leases at locations all over the country. Neiman Marcus had a same-store sales loss of 30% last month. The company has $3 billion in long term debt and had paper thin operating margins on $1 billion in revenue last...
...matzo fast. Some Jewish community members who didn't make the invite list were a bit miffed at having been, well, passed over. Word got out when an email chain discussing the discontent was accidentally circulated. Said one staffer, “Apparently Jewish [sic] here and in neighboring states are now calling wondering why they have not been invited...
...deals have been made, and firms do not know to whom most CDSs have been sold. Additionally, after the original transaction, a firm may sell its end of the CDS bargain to another firm without notifying the original counterparty. This exposes the financial system not only to a significant chain reaction, but also an inaccuracy in gauging it, even as it occurs...
...CDSs that back investments in mortgage-backed securities, this is especially potent. There is no way to insure a disaster that in turn causes other disasters. It would be like providing health insurance when one heart attack induces a chain of other heart attacks in the population. Therefore, the government must regulate CDSs to guarantee that insurance firms have the capital to remain solvent...
...dozens of middle-aged Iranians standing in six neat, gender-segregated rows stare straight ahead from behind the chain-link fence close to the entrance of Camp Ashraf, some 40 miles north of Baghdad in Diyala near the Iranian border. "Ashraf is our home, Ashraf is our home," they robotically chant in Iranian-accented Arabic, as they jab their right fists into the air in unison. Some of the women, who are all dressed in pantsuits with long jackets and colorful headscarves tied under the chin, carry placards in Persian. A bright yellow banner shimmers in the mid-morning...