Word: extentions
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...decision a couple of months ago not to invest looks pretty smart today, and it's not clear, despite this week's carnage on Wall Street, that anything has changed significantly. To the extent that sovereign wealth funds are talking to desperate-for-capital bankers in the U.S. - and, as Gao's trip shows, they are talking - the terms of the discussions, one senior Hong Kong-based banker said today, are likely to be very harsh for any potential recipient of capital: "You're basically looking at structuring a deal at this point in which there is no downside - none...
...react to the world and see the world in different ways," says Smith. The study, he says, "basically confirms what people intuitively know about politics: a lot of it comes from the gut. We feel it on a really deep, probably biological basis, at least to some extent...
...sale or have the rents on their apartments raised to full market rates. Michael Bodaken, executive director of the National Housing Trust says about 1.5 million apartments housing between three and five million people will be affected. "Generally it's bad for cities to the extent that they lose the needed mixed income and affordable housing resource that is difficult to replace," says Bodaken, whose non-profit group advocates for people who live in subsidized homes...
...Sept. 19 gains were driven to some extent by bargain hunting. After tumbling about 45% from highs reached late last year, Asian stocks now trade at roughly 10 times 2008 earnings - which means they're relatively cheap. Although Asia's economic growth is expected to slow over the next 12 months, the region's financial systems and economies are still fundamentally sound, analysts say. Banks in Asia haven't experienced the dangerous losses on property and mortgages that are devastating their U.S. counterparts. To some, like Hugh Young, managing director at Aberdeen Asset Management Asia in Singapore, the sell...
...unclear to what extent Tsvangirai will be able to exercise power over economic restrictions and to what extent Zimbabwe will take positive steps toward following the current power-sharing agreement. Tsvangirai standing alongside Mugabe, however, represents in itself a tentative removal of the handcuffs that have checked foreign assistance. In its last several months in office, the Bush administration must seize this opportunity to take a strong, positive stand in foreign policy and finally help Zimbabwe assume its position as an African democracy with a hopeful future...