Word: keeping
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...measures would require banks to boost their capital base and put strict limits on the extent to which they would be able to leverage their balance sheets. They would also require banks to keep a portion of the loans they sell as asset-backed securities to ensure that they have a stake in what happens to those loans. Some regulators including Britain's Turner are calling for big financial institutions to have "living wills" that would enable their activities to be wound up in an orderly manner in the event they failed, thus avoiding the sort of panic caused...
...behavior and unchecked excess at the heart of this crisis, where too many were motivated only by the appetite for quick kills and bloated bonuses," Obama said. The question is just how far G-20 leaders are prepared to go as they balance public rage with the need to keep their financial sectors vibrant...
...Three Asian capitals - Bangkok, Jakarta and Dhaka - are currently fighting what feels like a rearguard action to keep the water at bay. Their efforts will be watched in other cities waking up to a climate nightmare after years of unplanned growth. The threat of sea-level rise and flooding makes Bangkok a "climate hazard hotspot," says a May report by the Economy and Environment Program for Southeast Asia (EEPSEA) in Singapore. I prefer an older description: "the Venice of the East." Most early Bangkok residents moved by boat between floating houses; it was not until 1863 that the city...
...Bangkok feels high and dry compared to Jakarta. This year, in January, when the rainfall is heaviest, the U.S. embassy in Jakarta advised its citizens to stock up on food and water, keep cell phones charged and gas tanks at least three-quarters full, and exercise caution when driving through "small rivers." It's the sort of travel advisory you'd expect for negotiating an untamed wilderness, not a city of more than 12 million souls. Damage from a deadly 2007 flood cost Jakarta half a billion dollars - ironically, roughly the same cost as an unfinished project designed to prevent...
...running along its top, ease the city's mind-bending traffic jams. But the $350 million project is so ill-conceived it will actually worsen flooding, claims landscape architect Iqbal Habib, one of many eminent Bangladeshi experts opposing it. Much of Dhaka is already ringed by similar embankments. These keep out the rivers (most of the time) but also keep in the rainwater. The city, says Habib, fills like...