Word: toxication
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...harsh warning about the condition of the global credit and financial systems, According to Reuters, "The International Monetary Fund warned of a more severe economic downturn unless governments move aggressively to fix the financial system by removing troubled assets from banks' books." Since many policy makers believe that moving toxic financial assets into "bad banks" is not a solution to the build-up of bad paper on financial firms' balance sheets, the IMF's suggestion may go unheeded...
...result is a toxic mix of immigrant backlash, Islamophobia and militant separatism, says Uddipana Goswami, a social scientist at Jawaharlal Nehru University who has written extensively about the northeast. Ethnic Assamese political parties and separatist groups like the United Liberation Front of Assam (ULFA) have all taken up the anti-immigrant cause, as have other non-Muslim minorities. A series of bomb attacks in the state capital Guwahati on Oct. 30, 2008, killed more than 60 people, and local police say that militants agitating for an ethnic Bodo homeland, who have clashed violently with local Muslims, are to blame...
...ruble collapsed and the country defaulted. This time, Russia has $450 billion in foreign reserves left from the $600 billion it had amassed thanks to the soaring energy prices of the past few years. Its biggest banks, all of them state-controlled, appear to have largely avoided the toxic assets that have been the downfall of so many of their counterparts in the U.S. and Western Europe. Yet the drop in energy and commodity prices since the summer is exposing Russia's fragility: gas and metals account for more than three-quarters of export earnings. The boom, it turns...
...gone up for decades. But, as defaults did rise, the value of these derivatives cascaded and the banks and other institutions which held them were required to take massive losses. At Davos, Russian and Chinese leaders attacked the U.S. for the "failure" of regulators which allowed the spread of toxic derivatives...
...point the original mathematical projections for the performance of mortgage-backed paper began to sharply diverge from what was actually happening. With the cash flow from many mortgage pools dropping quickly, the derivatives based on them began to lose a tremendous part of their value. The paper became so "toxic" from a performance standpoint that the trading in the instruments locked up, making them illiquid and driving down their values even faster...