Word: khiem
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...what they are really talking about are gauges, however crude, of ignorance - and of fear based on ignorance. In the unfolding financial story of the year - the bursting of the global economy's credit bubble - "the biggest problem is we don't know what we don't know," says Khiem Do, head of Asian Multi Asset investing at Barings Asset Management in Hong Kong...
...core of this is, as Barings' Khiem says, a lack of information. It all started as a problem that seemed both predictable and containable: U.S. borrowers with bad credit history started (surprise, surprise!) defaulting on their mortgages. But that meant trouble for more than just the mortgage company or the bank that made the loan originally. Since the 1980s, individual mortgages have been packaged into bundles (so-called mortgage-backed securities) and resold to investors. Soon after came so-called derivatives, exceedingly complex investments that often trade based on the relationship between two or more underlying markets - mortgage-backed securities...
...Still peckish? Combine a trip to nearby Saigon Zoo and Botanical Gardens with a treat from the che stall at 25 Nguyen Binh Khiem street. Che are sweet desserts made from various combinations of fruit, beans, tapioca, sugar and sweetened coconut milk, and are hugely popular in the south of Vietnam. At this stall you'll find a refreshing che dau van (made with haricot beans) for a mere 5?. Then drive it home with a digestif of rau ma (liquified pennywort), available from the Ben Thanh market food hall for just 25?. That brings your three-course meal with...
...Still peckish? Combine a trip to nearby Saigon Zoo and Botanical Gardens with a treat from the che stall at 25 Nguyen Binh Khiem street. Che are sweet desserts made from various combinations of fruit, beans, tapioca, sugar and sweetened coconut milk, and are hugely popular in the south of Vietnam. At this stall you'll find a refreshing che dau van (made with haricot beans) for a mere $0.05. Then drive it home with a digestif of rau ma (liquified pennywort), available from the Ben Thanh market food hall for just $0.25. That brings your three-course meal with...
...mastermind General Vo Nguyen Giap, 92, though shouldered out of the Party's inner circle in the 1980s, was back in the public eye, attending functions in Hanoi and Dien Bien Phu. The regime even delivered some true eloquence. "In the Vietnamese tradition," said Deputy Prime Minister Pham Gia Khiem, "when you take a sip of water, you should remember the origin of the stream. The present generation has to remember those who made sacrifices on their behalf." ?By Phil Zabriskie/Dien Bien...