Word: mutualization
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...Recent events in wealthy and relatively healthy Hong Kong show just how nervous Asians have become. On Oct. 2, shares of Hong Kong's Hang Seng Bank plunged 8.9% after word began circulating it could suffer losses related to the failure of Washington Mutual in the U.S. Hang Seng officials announced the bank holds senior debt securities issued by WaMu, but called its exposure "immaterial." In September, hundreds of depositors lined up at branches of Hong Kong's Bank of East Asia after false rumors spread that the bank was in financial trouble. The run was stemmed after the bank...
Since the establishment of official diplomatic relations in 1979, the United States and the People’s Republic of China have maintained a relatively stable relationship consisting of mutual engagement and careful dialogue. The benefits for both nations have been numerous, but some fear that this relationship constitutes complacency and weakness. For example, a committee chaired by former Deputy Secretary of Defense Paul Wolfowitz has argued that the American military should prepare for an all-out confrontation by constructing a new national missile defense system specifically targeted at China. For Wolfowitz—one of the chief architects...
...they’re just getting to know each other—they met as a team for the first time Wednesday night, when they sat down to watch a couple of episodes and plan out a strategy. Their only previous connection to each other had been through a mutual friend, Jon T. Staff V ’10. Staff had originally planned to compete himself, and sent out an e-mail hoping to find some teammates to join him. But he is studying abroad in Amsterdam and was not able to be flown to Los Angeles for the show...
...feel of “Dancing Choose,” “Love Dog” is an attempt to strip a song down to its bare essentials so that the lyrics can do the bulk of the work. The effect is unsettling, and the feeling must be mutual as Adebimpe croons, “Come lay me low and love me / This lonely little love dog / That no one knows the name of." Here, the pervading image of isolation and anonymity mirrors the underlying angst of a generation struggling to retain its individuality against the opposing force...
...nothing was done. Representatives surely heard the same message directly when they went home to their districts after Monday's debacle, as many of the same constituents who had been so angry about a bailout voiced their frustration at the real hit taken by their stock portfolios, mutual funds...