Word: concerning
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Duffie says sky-high rates for default insurance for 10 of the world's most prominent banks, including Morgan Stanley and Goldman Sachs, demonstrate that there is a lot of market concern about the stability of leading financial institutions, even after the Treasury's recent steps. Another piece of evidence: the premiums on three-month interbank loans remain very high in comparison with overnight loans, signaling banks' deep uncertainty about the sector's stability...
Even hints from Federal Reserve Chairman Ben Bernanke, testifying on Capital Hill today, of a possible rate cut did not help. His prognosis that slow growth in the American economy, not inflation, is now the Reserve's primary concern only added bad news to a day that included fallout from yesterday's after-hours Bank of America announcement that it will need to cut its dividend and raise $10 billion in capital. The bank, which has acquired Countrywide Financial and plans to do the same with Merrill Lynch, dropped almost 25% on the announcement. Morgan Stanley shares also plummeted...
...trending Republican after the convention, like Ohio, Florida and Virginia, are now shifting back to Obama in public polls. Other Bush states, like New Mexico and Iowa, appear to have moved safely into the Obama column. In recent days, party leaders in Florida and Virginia have voiced their concern about the trajectory of the race in their states, while Michigan activists voiced bewilderment and frustration that McCain was already giving up on the battleground state...
...also likely that the recent thaw in cross-strait relations between Taiwan and China would be adversely affected as well. This is not to say, however, that the United States government should give Beijing a blank check to conduct its affairs as it wishes. We are extremely concerned about several issues where further Sino-American cooperation and reform from Beijing can help to ease international tensions and improve the lives of millions of people. We acknowledge, as Washington’s critics often point out, that American foreign policy is not perfect, but we believe that a healthy respect...
...Where I aspire to make a difference is to inject a concern for human consequences into American foreign policy,” she said...