Word: crediteers
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...faces both large deficits and the need to take de facto control of parts of the credit, financial, and industrial sectors. In effect, the amount of the nation's economic activity controlled by the government will rise to a level which would have been unimaginable even months...
...return for a 10% stake in the New York City - based private-equity firm, just before the bottom fell out of U.S. debt and equity markets. That deal was followed by a $5 billion purchase of a 9.9% stake in Morgan Stanley, then in the early throes of the credit crisis. Morgan Stanley's share price has since fallen by more than half...
...came from, if Beijing can bring itself to depend on Moscow as a supplier. That isn't as easy as proximity might suggest. The two countries have never trusted each other. But economics now dictates that historical enmity be put aside. With the collapse of oil prices and the credit crisis, Russia needs cash. China needs fossil fuels; it needs them from a variety of suppliers far into the future - and it has the money to pay for them. Half of the country's massive national savings of $2 trillion is in corporate coffers. "These [Chinese] companies know this slump...
...Easier credit fueled a rush of small business start-ups and car sales (admittedly the last thing São Paulo's insufferable traffic needed). Even the wine market, once a purely upscale domain, has been democratized. São Paulo wine retailer Expand has seen sales of its mid-priced bottles jump 25% each of the past few years, and it has opened new stores in provincial cities like Fortaleza, where beer and cachaça (cane liquor) were once the only tipples. Expand's owner, Otávio Piva de Albuquerque, says he spends as much time helping...
...with the other films made from his stuff (From Hell, The League of Extraordinary Gentlemen, Constantine, V for Vendetta), Moore has declined screen credit on the Watchmen movie. But whatever his thoughts on the corruptive properties of cinema, he could have found no more devoted Watch-man than Snyder, who willed the project into screen reality after Terry Gilliam and others failed. The ultimate fetishist auteur, Snyder takes hallowed pulp artifacts--the '70s horror movie Dawn of the Dead, the Frank Miller graphic novel 300 and now this--and films them with the near fanatic fidelity of someone constructing...