Word: illing
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...Finally, many CDSs insured products ill-suited for insurance. Insurance works best when a disaster is random, infrequent, and independent from other disasters. This is not the case for mortgage-backed securities. In the housing market, prices are dependent on the surrounding area. A firm can attempt to mitigate this problem by slicing up mortgages and repackaging them in complex financial instruments like collaterized debt obligations, but the risk persists. If enough houses drop in value, others will follow, and this domino effect is the current housing crisis...
...International Committee of the Red Cross (ICRC) has helped more than 250 members enter Iraq from across the Iranian border with little fanfare. "We are there as witnesses to make sure everything goes well," says Dorothea Krimitsas, ICRC spokesperson for the Middle East, adding that if allegations of ill treatment arose, the ICRC, would take them up with the authorities. Krimitsas says the ICRC hasn't received any new requests for voluntary repatriation. But that's only one way to leave. There are reports that in recent months defections from the camp have increased, although Ashraf leaders deny that anyone...
...ill-fated pirates had not demanded a ransom for Phillips. Numerous shipping companies have paid millions of dollars in ransom to free some of the dozens of ships that have been hijacked in recent months off Somalia. A Somali man who said he was a go-between for Somali pirate leaders and the men who captured the Alabama told TIME that, before the rescue, the pirates had been unsure what to do with Phillips. The Somali man, who refused to give his name, said that the pirates were "very angry with how [Phillips] managed to free the crew" but that...
...medical providers, the latter of which he will probably do as early as next week. But they also presumed Obama would handle and communicate these weighty decisions with a delicate touch, and in that respect, the President has disappointed the crucial voting bloc. It's something Obama can ill afford, especially at time when his Administration is under constant fire from a determined group of conservative Catholics. (See new fronts in the abortion battle...
...finance professor at Peking University. He says that China's trade surplus rose 42% on an annualized basis to a record $19 billion last month, despite the fact that the country's exports are declining at double-digit rates. That's because its imports are dropping even faster, boding ill for China's neighbors like Japan and Korea who rely on the U.S. consumer and now are desperately looking for alternative buyers of their goods...