Word: messes
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...Petro-economies once seemed impervious to the American sub-prime mortgage mess. That view is reflected in a grim joke making its way around Wall Street and the City of London about the options left for laid-off bankers: "It's Dubai, Mumbai, Shanghai, or goodbye." But the reality may be even grimmer. In fact, Dubai and the other oil-enriched regions of the Arab world aren't quite the safe havens they once were. Western and Middle Eastern markets are more closely intertwined than they were during the 1970's oil boom. But recently, Arab exchanges have been...
...Kuttner may be right about the conflicts, but it's awfully hard to see how they brought on the current mess. In fact, Bank of America's takeover of Merrill Lynch and JP Morgan Chase's of Bear Stearns underscored a truth that was already becoming apparent on Wall Street - super-banks (more commonly known as universal banks) are, for all their flaws, a lot more stable and secure than un-super investment banks...
...winners and losers of the Wall Street mess here.) (See photos of the troubled economy here...
...Speaking to more than 500 journalists at a Democratic campaign event in April, Elizabeth Edwards, wife of former presidential candidate John Edwards, said John McCain's healthcare proposals were like "painting lipstick on a pig." It looked good on the surface, Edwards said, but underneath it was a mess...
...Those expansive, girl-group arrangements are the epic backdrops to Glasvegas' brave and brutal lyrics. "Where Spector came from I guess is quite a good place to go if you want to land some punches and deliver something that's furious," says Allan. "We really didn't want to mess about...