Word: european
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...current crisis may only be highlighting deeper flaws in the hedge-fund model. In 2006, the European Central Bank warned that too many hedge funds were investing in the same way. Because those sophisticated computer models were crunching the same data, there was a higher probability that hedgies would make the same bad bets, potentially causing a devastating cascade of failures. With so many fund managers following the herd, in other words, there was a greater chance that they would go over a cliff together. "A bank run doesn't affect just one bank," says Andrew Lo, a finance professor...
...week carrying fruit to Manila. Today, nobody is making a living off the land. The local markets' produce comes from somewhere else, and the cost of living is inflated by residents' foreign salaries, which are easily 10 times local wages. In Little Italy, many workers have built sprawling, European-style homes - some complete with sweeping marble terraces, faux stone façades and fountains - years before they plan to return to the Philippines. The houses sit empty, waiting for the day that their owners have put their last child through school and amassed enough health insurance, life insurance and retirement...
Offshore, a growing flotilla of warships from the U.S., Russia, the European Union and India has been trying to keep Somali pirates from taking their pick of the 16,000 mainly cargo ships that pass through the Suez Canal annually. There are several gangs of pirates; armed with Kalashnikov rifles and traveling on small fishing boats and skiffs, they have attacked more than 80 ships and hijacked at least 30, collecting anywhere from $18 million to $30 million in ransom, according to the British strategic think tank Chatham House. Big paydays have made them progressively bolder: one gang is still...
...missile shield in Poland would not endanger Russia in any way. To believe it could, one would have to assume that Russia’s safety presently depends on its capacity for nuclear deterrence against a possible strike from a North Atlantic Treaty Organization (NATO) member or another European state...
...First and foremost, Obama must make good on his promise of rebuilding strategic alliances, starting with the European Union (EU). Since the day when Defense Secretary Donald Rumsfeld infamously divided the continent in terms of “old” and “new” Europe, relations with France and Germany have been strained. With power swings in Italy and Spain, as well as opposition in Britain, other allies have also become more reluctant to blindly follow the U.S.’s lead. But President Obama will need them on his side, especially if the effort...