Word: grips
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...mention Western Europe - is in the grip of a downward spiral that financial experts call deleveraging. Having accumulated debts beyond what's sustainable, households and financial institutions are being forced to reduce them. The pressure to do so results from a decline in the price of the assets they bought with the money they borrowed. It's a vicious feedback loop. When families and banks tip into bankruptcy, more assets get dumped on the market, driving prices down further and necessitating more deleveraging. This process now has so much momentum that even $700 billion in taxpayers' money may not suffice...
...footage now being endlessly replayed on local cable channels and on YouTube, Palin is seen rising to introduce herself as Zardari, dressed in one of his signature flashy tailored suits, enters. As custom demands, the two grip each other's hands and shake them animatedly before the cameras. But it is the remarks that follow that got Zardari into hot water back home...
...matters for both outsiders and Wall Streeters is the alphabet soup of derivative securities (CDOs and CDSs in particular) that now trade in far greater volumes than stocks. It's the interaction of derivatives markets, debt markets and the housing market that has proved almost impossible to get a grip...
...confidence exuded by al-Maliki, then, may simply be chest-puffing aimed at exaggerating the strength of his grip on power simply to keep hold of it. "The situation needs, for the time being, such an attitude," says Hammoud. "He is trying to balance the interest of his country and the pressure...
...current President Hu Jintao has made only one issue the centerpiece of his term in office: a successful staging of the Olympic Games. Now Hu may have little choice but to gamble himself by loosening the Party's grip on power. Some argue that Beijing hard-liners - having carried out harsh crackdowns with no real repercussions while under the international spotlight - believe they can continue tightening controls with impunity and without risk of backlash. But this isn't a realistic scenario, partly because not all the pressure for change is coming from the weak and marginalized. China's urban middle...