Word: swedishly
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...this particular policy hell, during a banking crisis of its own in the early 1990s. "The basic conditions are the same," says Bo Lundgren, Sweden's Finance Minister at the time. "There was the same anxiety and the same need for confidence." He's one of a number of Swedish financial types who have been shuttling in and out of Washington and New York in recent months with a compelling message: there is a way to shore up ailing financial institutions without saddling taxpayers with the entire bill...
...Swedish example offers one way to minimize such "moral hazard" and potentially recoup some of the funds taxpayers are being asked to spend to help get the credit markets rolling again. The idea, says Lundgren, is not to just give money, but "to get some ownership (in return), and eventually be able to get some revenue back." By taking a stake in its enfeebled banks, Sweden was able to minimize the taxpayers' burden in the long...
...early 1990s, Sweden's currency crumbled and interest rates spiked to 500% overnight. Of the country's seven biggest banks, five needed either government bailouts or big injections of money from shareholders. The value of the country's real estate market plunged 50-60% in 18 months. "The whole Swedish banking system was off-balance," Lundgren recalls...
...Swedish study, published Sept. 1 in the Archives of General Psychiatry, researchers found that the risk of developing bipolar disorder began to increase in children born to fathers around age 40. The highest risk, however, occurred in men age 55 and older; their offspring were 37% more likely to develop the disorder than children born to men in their 20s. Children of older men were also twice as likely to develop early-onset disease - before age 20 - which studies suggest has a strong genetic component...
Wrestler hurls BRONZE MEDAL to ground in typical Swedish rage...