Word: linings
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...MarketWatch pointed out that the spreads on credit-default swaps for U.S. government debt jumped to 97 basis points Tuesday, nearly seven times higher than a year ago and 60% higher than at the end of last year, to a level roughly in line with those of France, according to data supplied by Markit. Those swaps are gambles that America will renege on its financial obligations. Being on par with France is even more humiliating than if we were compared to Cameroon which had a GDP of only $44 billion last year, less than Bernie Madoff took from his clients...
...banking industry has been lobbying furiously to alter the accounting requirement that forces it to continue to lower the value of those assets, even though many of the loans that back those bonds have yet to default and perhaps never will. Those losses are amplifying the bottom-line losses at a number of the nation's largest banks, wiping out their capital and putting them ever closer to collapse...
...Shuffle costs $79 and replaces the one that cost $49. That's potentially a big driver to Apple's bottom line. Veteran Apple analyst Gene Munster of Piper Jaffray thinks the higher price tag carries higher margins for Apple, increasing its revenue and profit. That's yet another reason Jobs would have delivered the news and taken the victory lap. (See the top 10 iPhone applications...
Fahmy's jewelry catches the spirit of Arab traditions. The pieces in what she calls her culture line, the heart of her work since she began designing nearly 40 years ago, are inspired by everything from the hammered silver of peasant wedding jewelry and the repetitive patterns of Islamic architecture to symbols of Arab folklore such as wolf fangs and chili peppers. Trademark touches include blending gold and silver together for an effect that echoes the inlaid brassware found in Middle Eastern bazaars, and echoing the calligraphy used for Koranic verses and Arabic poetry. "Everything I see around...
...fashion line with Macdonald, Fahmy scales back the ethnic touches and concentrates instead on large and flashy pieces. Macdonald says the jewelry is the perfect accompaniment to his silky, sparkly dresses. "It's the taste of the unexpected that people want," he says. "The women who wear my clothes are the stars of the party." For last year's collaboration, Macdonald asked Fahmy if she could design a glamorous bangle in the form of a common nail. The result: a gold-encrusted hybrid between a village wedding armlet and a biker bracelet...