Word: complicatednesses
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Lau says that some small businesses have also been harmed by their investment in so-called "mini-bonds," complicated structured financial products marketed throughout the world by now-failed Lehman Brothers. Hong Kong banks allegedly sold investors the mini-bonds as a relatively low-risk alternative to fixed-income investments...
At an Undergraduate Council meeting last night, campus safety authorities spoke about how they are trying to address student concerns about crime. UC representatives responded with questions and proposals for improving safety. Following a string of crimes and community alerts in the first month of the semester, students have become...
The debate over the meaning of Obama's votes is further complicated by a legal dispute between abortion opponents and supporters over the relative meanings of the Illinois legislation and a similar federal law that President Bush signed in 2002. The federal law was unopposed by pro-choice groups, because...
Economists say China's peculiar combination of unbridled capitalism and top-down state control has walled off the country's banks from most of the potentially harmful effects of the crisis. Although the country's membership in the World Trade Organization has required it to open its financial services sector...
Here's their take: it was a big mistake to allow Lehman Brothers to fail, because that just sparked panic in the banking world and led to a seizure of the global system. And they also believe that the $700 billion bailout plan was badly misdirected because it didn't...