Word: turmoil
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...Reserve Primary, announced that it's going to give investors less than 100 cent on each dollar invested because it got stuck with Lehman securities it now considers worthless. If you can't trust your money fund, what can you trust? To use a technical term to describe this turmoil: yechhh...
Calling this week’s turmoil on Wall Street “the worst financial crisis since the ’30s” and “the most dramatic event in a lifetime,” Harvard’s often-reserved economic experts did not mince words in describing the ongoing financial crisis that has seen the disappearance of three of the nation’s five major independent investment banks and the government rescue of one of the world’s largest insurers...
...where to assign blame for the ongoing market turmoil, the economists named the usual suspects: reckless mortgage lenders, government mortgage bond insurers Fannie Mae and Freddie Mac, bond rating agencies, the investment bankers who bought securitized home loans, and the government for failing to properly regulate investment banks and other less transparent securities markets...
From inside this world it's easy to be dazzled and forget for a moment that India's markets, like those around the globe, are in the throes of financial turmoil. But even here, worries are starting to surface. Mumbai is India's financial capital, but it's also the center of the country's booming fashion industry and contemporary-arts community. Those three worlds feed each other here, just as they do in London, Tokyo and New York. As the markets plunge - the main Mumbai index, the Sensex, is down 36% since January - many of Mumbai's wealthy financiers...
Israel's new season of political turmoil kicks off on Wednesday when the ruling Kadima party stages a primary to choose a leader to replace Prime Minister Ehud Olmert. The beleaguered Olmert is resigning as party chairman after being mired in a quicksand of corruption allegations, but Wednesday's primaries are expected to begin a protracted period of political jockeying in the Knesset, Israel's parliament, as the new Kadima leader seeks to build a governing coalition...