Word: concernments
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...credit squeeze claimed its first Japanese victim: Yamato Life Insurance Co., which filed for bankruptcy Friday after suffering huge losses in its securities holdings. Yamato's collapse, the first by a Japanese insurance company since 2001, sparked fresh worries about the health of the country's financial institutions. "My concern is whether the banks and insurance companies can keep standing," says Yukiko Kanoh, 53, an administrative assistant in Yokohama...
...Every theology has a subdivision for business ethics, but Judaism's is especially complete. It is said that more of the 613 commandments in the Jewish bible deal with keeping one's money kosher (or "fit") than pertain to one's food; and the business literature springing from that concern may be the longest and most continuous in the world...
...single industry, putting all of its eggs into one volatile basket? "Obviously people see it as a risk, and if there's a prolonged downturn, it will become an issue," says Andrew Goodwin, a senior economist at Oxford Economics, who nonetheless believes that while "there is a concern about dependency, financial services have done well historically." At the Guildhall, which is where the City administration is based, policy head Stuart Fraser is bracing for a slump as severe as the one in the early '90s, when house prices collapsed and unemployment soared. Still, he adds, "It's like...
...world in general, it comes as no surprise that much of the political street art of the day is in support of Barack Obama. The most prominent endorsement of Obama has come by way of conceptual artist Ron English. English’s art tends to concern itself with American popular culture—he’s best known for his lampoon of McDonalds and Disney brand imagery—and Obama as a rising cultural icon seems to have caught his attention. English recently released prints of a portrait of Obama’s face over the features...
...about confidence, stupid. Plummeting markets keep the economy the primary concern of voters everywhere, but remedies are a tough sell - especially for governments that have been in power too long to blame the current mess on their predecessors...