Word: fresh
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...realizes the mistake it made back then: failing to act with speed and force. Loose accounting standards had allowed banks to hold soured assets on their books without writing them down to their true market value. This permitted financial institutions that were technically bankrupt to delay taking in fresh capital - a move that would have hurt existing shareholders but would have restored banks to health. The government dawdled for more than half a decade, allowing banks to carry on in a diminished capacity despite the fact that with key lending institutions crippled, the broader economy could not thrive...
...worst weekly performance in the index's history. Investors fled after the credit squeeze claimed its first Japanese victim: Yamato Life Insurance Co., which filed for bankruptcy Friday after suffering huge losses in its securities holdings. Yamato's collapse, the first by a Japanese insurance company since 2001, sparked fresh worries about the health of the country's financial institutions. "My concern is whether the banks and insurance companies can keep standing," says Yukiko Kanoh, 53, an administrative assistant in Yokohama...
There's nothing like an external enemy to make a country pull together, and Britain, fractious and dissatisfied with its Labour government until recently, has found a fresh foe: Iceland. The tiny country's benign image as a land of geysers and the midnight sun has been swiftly eclipsed by its new incarnation as the mustache-twirling villain of the credit crunch. Britons - from private individuals to local government, charities and public bodies - have deposited some $34 billion in Iceland's financial institutions, among them Landsbanki, which went into receivership this week, and Kaupthing, the country's biggest bank, which...
...even if the fuel provided by the international community is not used directly for weapons, fissile material is, to some extent, fungible. As Henry Sokolski, the director of the Nonproliferation Policy Education Center, said, “We are going to be sending, or allowing others to send, fresh fuel to India—including yellowcake and lightly-enriched uranium—that will free up Indian domestic sources of fuel to be solely dedicated to making many more bombs than they would otherwise be able to make...
...Griffin are just as convinced that "being young, you know you don't have the experience to run the country, that someone like John McCain does and someone like Barack Obama doesn't." Either way, given how controversially razor-thin Florida electoral victories tend to be these days, the fresh-faced could tip the balance in November - if not with their own ballots, then by convincing their elders which way to vote. One of the most popular videos on YouTube in recent weeks features comedian Sarah Silverman imploring young Jews to "get your fat asses on a plane to Florida...