Word: toxicities
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Dates: during 2000-2009
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...Strata is one of the many so-called toxic assets clogging the nation's financial pathways. What's more, the complicated bond and its ilk are likely to present a significant stumbling block in the government's latest effort to fix our ailing banks. (Read "Why Your Bank is Broke...
...latest showcase of how the Americas in the 21st century are as hopelessly mired in a toxic mix of U.S. insensitivity and Latin hypersensitivity as they were in the 20th. On the one hand, it was indicative of Washington's inability or refusal to realize that Latin Americans aren't as obsessed with the drug war as los yanquis are - and that they tend to feel humiliated by imperious U.S. conditions like those set on aid for Ecuador's drug police. Correa's chief complaint against the U.S. diplomat, Homeland Security attache Armando Astorga, was "the insolence to pretend that...
...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...