Word: pincus
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...value the insurance contracts and the securities on their books. And it comes at a time when banks are already reeling from write-downs on mortgage-related securities. "These are the same institutions that themselves have either directly or through subsidiaries invested in the subprime market," said Andrea Pincus, partner at Reed Smith LLP. "They're suffering losses all over the place," and now they face potentially more losses from the CDS market...
...France's Casino Group in a joint venture with a local company. Shopping "is not a matter of patriotism at all," Nga says. "These days, we just buy what we like." Foreign giants entering Vietnam will likely create as many or more jobs than they'll destroy, Pincus says, and the influx of new banks will free up credit?now available chiefly to state-owned companies?for capital-starved private businesses. Some Vietnamese businesses even welcome the competition. "I'm not worried," says Ly Qui Trung, founder of Ph? 24, a chain of noodle shops. "We've already...
...gain WTO entry, Vietnam made greater concessions than other nations have been required to make upon joining, agreeing to lower trade barriers, reduce many subsidies and allow virtually unfettered foreign competition in some sectors of its domestic economy. "It's a tougher deal than even China got," says Jonathan Pincus, a Hanoi-based economist for the United Nations Development Programme (). For example, next April, Vietnam must allow foreign banks to set up their own branch offices in the country, without requiring them to partner with domestic lenders as banks wanting to enter China have been obligated to do. Vietnamese...
...position of joining the WTO but having none of the benefits apply to its trade with the U.S., which imported nearly $6 billion in goods from Vietnam last year. "There's no question that WTO is going to be a very good thing for Vietnam," says the UNDP's Pincus. "But the thing is, they don't know how dirty the U.S. is going to play. Is the U.S. going to raise antidumping [barriers] every time Vietnam increases its market share...
...When Pincus' article ran on June 12, the circle of senior officials who knew about the identity of Wilson's wife expanded. "After Pincus," a former intelligence officer says, "there was general discussion with the National Security Council and the White House and State Department and others" about Wilson's trip and its origins. A source familiar with the memo says neither Powell nor Armitage spoke to the White House about it until after July 6. John McLaughlin, then deputy head of the CIA, confirms that the White House asked about the Wilson trip, but can't remember exactly when...