Word: optionals
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...situation is somewhat different - delay is not an option. Accounting standards require financial institutions to routinely write down the value of assets to reflect their actual value. As a result, U.S. banks have booked massive losses, and the government has been forced to aggressively engineer ad hoc bailouts and mergers...
Chilling out is no mean feat for traders and investors these days, though; they appear to see panic selling as the better option. On Friday, Hong Kong's Hang Seng fell 7.19%, while trading in Australia shot down 8.2%. Japan's Nikkei index dropped 9.62%, bringing its total loss for the week to 24%. Even before Asia's miserable day was over, European markets gave new force to the glumfest, opening with plunges near or in double digits. By day's end, those declines had been scaled back to 8.85% on London's FTSE 100, 7.7% on Paris...
...national or even more local basis. When banks run into trouble, it's unclear who is supposed to help or how. The favored solution so far - direct government intervention, like the $700 billion rescue package approved by the U.S. Congress or the British plan - isn't an option everywhere. Banks have become so big and so leveraged that their balance sheets can exceed the gross domestic product of the country in which they are based. That's the case in Belgium, the Netherlands and a host of smaller countries, including Iceland, where on Oct. 6 the Prime Minister warned about...
What's so exciting about yet another BlackBerry? The brand has built a reputation as a secure and reliable, though somewhat stodgy, e-mail device for corporate types, but the Storm could help recast BlackBerry as a viable, exciting option for consumers as well. Unlike most devices from the smartphone maker based in Waterloo, Canada, the Storm won't have a physical keyboard, allowing for a larger, 3.2-in. touchscreen and a much neater appearance. And with a wide range of after-market applications - including Facebook, a blackjack game and a GPS navigation program - it should also...
...there is precious little to build on toward a harmonization of the E.U.'s finance sector. Regulation of banks and credit groups is still handled on the national level, and even national banks of euro-zone countries still have some decision-making power. Given that disunity, governments have little option beyond national action to stave off company meltdowns and any broader temptation to make a run on their banks...