Word: disasterous
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It amazes me that nobody seems to have asked the simple question, "What will happen to banks and other financial institutions if a large number of subprime loans default?" Or was it only greed that made everyone ignore the disaster that would occur if the markets went south? Frederik Steenbuch...
Despite his record of success at holding executive-level jobs and making highly profitable investments, Rajaram had apparently been unable to find work. Meanwhile, he began to accumulate financial losses which took their toll on his saved-up profits. Suddenly having an M.B.A., working one's way up in finance...
Lee has tried to turn the tables on Kryzan, painting her as a liberal candidate who would raise taxes. And she is not immune to anti-corporate attacks. Some of the harshest criticism Kryzan faced in the primary season was for working as a lawyer for the chemical company responsible...
China's markets, of course, have a long way to go before they are as open and accessible to global capital flows as those in New York, London or Tokyo. But Chinese regulators believe the slow, deliberate pace of reform has helped insulate the country from the worst of the...
Africa is widely regarded as a world leader by measure of basket-case symptoms - war, disease, famine and humanitarian disaster. The continent has a greater share of its people mired in poverty than any other, and it hosts the world's two greatest humanitarian crises, Darfur and Somalia. So it...