Word: zeros
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Dates: during 1990-1999
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...there any of my economics professors herewho can tell me that zero is not predatorialpricing?" he said. "It should be case closed. Thejudge should say 'Done...
...With the stock market plummeting, the ruble propped up by rapidly depleting currency reserves and zero economic growth projected for this year, Moscow is looking to the IMF to keep its economy from going over the edge, reports Meier. A group of top Russian bankers approached IMF boss Marcel Camdessus today to beg for an estimated short-term $5 billion bailout, with further guarantees of up to $15 billion...
...nonperforming" assets in Asia triple in the first three months of 1998, to $243 million, due in part to derivatives. At the end of last year, its total risk from Asian derivatives--should others default--was more than $3 billion. Bankers Trust's derivatives' delinquencies have leaped from zero to $330 million in a year, and the compass points to Indonesian and Thai clients. In total, the bank has some $5 billion of derivative credit exposure in Asia. And Greenspan was quite right to be concerned about CIBC. The bank has nearly $1 billion in gross foreign derivatives with parties...
...result: in just three decades, the volume of derivative contracts with U.S. commercial banks exploded, from practically zero in the early 1970s to more than $25 trillion today, an amount exceeding the size of the U.S., European and Japanese economies combined. Bankers quickly, and appropriately, point out that this figure really represents just the "notional" amount, or face value of the derivatives, and not what they could potentially lose. But the amount due, or at risk, is derived (hence derivative) from those vast notional amounts...
...will to power is a notion utterly alien to the gentlemen and ladies of the Clinton Administration. What a retrograde, common idea. In the world of geoeconomics and globalization, of international community and cooperation, of trade and togetherness, how primitive--how zero-sum--these dreams of power...