Word: defaultations
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...officials jittery. The country "is definitely on the watch list," says Peter Marber, president of the Atlantic, an emerging-markets money-management firm in New York City. "Investors want to see a reversal of the deteriorating conditions." Nobody expects the economy to suddenly implode and the government to default as Argentina's did in 2001-02. But if the Philippines' debt burden continues to grow, Manila's creditworthiness could come under pressure, impairing its ability to borrow and ultimately making it necessary for the government to beg creditors for new terms. In a worst-case scenario, the consequences could...
...bonds from Parmalat, but put up just j110 million in cash for them. In a complex transaction, UBS exchanged j290 million of the rest for credit-linked notes issued by a Portuguese bank in the Cayman Islands, which were then transferred to Parmalat. The notes came with a tough default clause that was triggered when Parmalat went bankrupt in December. The upshot: the j290 million went back to UBS. The banks don't dispute these transactions. The question is: Did the banks demand the unusually aggressive deals because they knew how perilous the company's financial situation...
...Wirehog software will be downloadable to a personal computer from the website www.wirehog.com. When the software is initially launched, it will search the user’s computer and upload certain default files like music to a user’s Wirehog page on the internet, Zuckerberg said. Users will be able choose to upload other files...
Zuckerberg said Wirehog will be integrated with thefacebook.com so that facebook friends will be allowed to view files on a user’s Wirehog page by default...
Sonny, in the tradition of Jar Jar Binks and Gollum, was created by painting computer graphics over an actor (here, Alan Tudyk). It's a suave simulacrum that makes Sonny the film's most complex and human character--granted, by default--and sets him apart from the killer "can openers" in pursuit of Spooner. There's a nifty car chase, with the cop (in an Audi, its logo prominently displayed) set upon by a vicious android posse. Even if the scene is not up there with the 14-min. freeway free-for-all in the second Matrix movie...