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...Banks may get some clarity soon. On Friday, finance ministers from the G-7 nations will meet in Washington, D.C., to discuss a coordinated response to the financial crisis. Adrian Mowat, chief Asia and emerging-market strategist for JPMorgan in Hong Kong, says that central bankers may follow Britain's lead by pumping liquidity into their banking sectors and underwriting loans between banks. "The situation is so serious that they will have to deal with it," Mowat says. "The collapse and crash this week means they must...

Author: /time Magazine | Title: Fear and Despair as Asia Markets Plunge Again | 10/10/2008 | See Source »

...like a bad episode of House," Mowat continues. "The patient is really clearly ill. They'll try a couple of remedies that normally work, but they don't work. They maybe treat the symptoms but not the core problem. Normally, at the end of the show, the patient lives. I'm assuming this is going to end the same...

Author: /time Magazine | Title: Fear and Despair as Asia Markets Plunge Again | 10/10/2008 | See Source »

...export-driven economies in Asia, there is little to do but wait and hope that the U.S. and Europe will find the right medicine. "We [in Asia] remain spectators in a sport in which spectators get hurt," Mowat wrote in a recent report...

Author: /time Magazine | Title: Fear and Despair as Asia Markets Plunge Again | 10/10/2008 | See Source »

...coming weeks Sea Shepherd’s decrepit black trawler, the Farley Mowat, will patrol the ice-clad waters of Newfoundland, as Canada’s 2008 seal hunt begins. The Canadian government has increased this year’s permits to allow the killing of 275,000 seals, 98 percent of them babies, in what Watson calls “the world’s largest marine slaughter.” And in spite of new government regulations designed to stop the live skinning and clubbing of seals, Watson says that his crews have already documented seals bleeding...

Author: By Lewis E. Bollard | Title: Eco-Pirates | 4/2/2008 | See Source »

Last weekend, Sea Shepherd was again in the news, the Canadian Coast Guard alleging that the Farley Mowat had “grazed” one of its icebreakers. Watson is adamant that the Coast Guard actually rammed his vessel, and says he has videotape evidence to support the claim. Either way, the incident had the desired effect of putting Sea Shepherd back in the news. In some sense, that is a victory for violence over reason. But it may also represent the best hope for Canada’s seals...

Author: By Lewis E. Bollard | Title: Eco-Pirates | 4/2/2008 | See Source »

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