Word: loss
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...date, U.S. banks have admitted to $334 billion in losses and write-downs, and the final total will almost certainly be much higher. To compensate, they have managed to raise $235 billion in new capital. The trouble is that the net loss of $99 billion implies that they will need to shrink their balance sheets by 10 times that figure - almost a trillion dollars - to maintain a constant ratio between their assets and capital. That suggests a drastic reduction of credit, since a bank's assets are its loans. Fewer loans mean tighter business conditions on Main Street. Your local...
Fortunately, that sort of panic - which brought down British lender Northern Rock a year ago - was the exception. But the loss of confidence underlying it is every banker's worst nightmare - and every bank regulator's, too. At Bradford & Bingley, staff were given forms to hand out to customers explaining what had happened and why their money was safe. Elsewhere, it was national authorities who sought to reassure, most notably in Ireland, where the government announced an unprecedented $560 billion guarantee to cover the deposits and debts of the nation's six biggest banks for the next two years...
...stocks, according to a new study published in Science on Sept. 19. Scientists and fishermen have known for years that global fish populations are in bad shape. According to one bleak 2006 study, all of the world's major commercial fisheries could collapse by 2048 because of overfishing and loss of habitat. Now a team of economists and biologists say they know one way to prevent the loss of this crucial resource in global waters: more quotas...
...Brown Bears might be even sweeter.The Crimson (2-4) returns to action tonight against the Bears at 7 p.m. in Blodgett Pool after spending the past week recovering from a difficult sweep in the ECAC Championships. Brown (5-5) was among the teams to hand Harvard a tournament loss, but the 14-6 defeat served as tremendous motivation for the young Crimson squad.“We still have a bitter taste in our mouth from the tournament,” senior co-captain Jay Connolly said. “This is a huge game for us and we?...
...nothing to do with where we draw our borders ... For a large portion of these years, I was unwilling to look at the reality in all its depth." Saying Israel would not attack Iran unilaterally to stop Tehran's nuclear program, Olmert scoffs, "Part of our megalomania and our loss of proportions is the things that are said here about Iran. We are a country that has lost a sense of proportion about itself...