Word: looke
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...begun to occur to the financial industry and the central banks of the G7 and a number of smaller Western European countries that if some of the nations in Eastern Europe default on their debt, the world may look as it did three decades ago when several Latin American nations struggled to make payments on their sovereign obligations. (See pictures of printing money in Germany...
...National Park, Washington State, Hawaii, and Long Valley, California.] We have seismic networks and other geophysical equipment monitoring a number of volcanoes in Alaska, including Redoubt Volcano, 100 miles southwest of Anchorage. The volcano is showing a lot of signs of unrest that probably presage an eruption. So we look at seismic data, webcams, radar data and satellite imagery; we make overflights in airplanes to observe; we take gas measurements. We try to pull all this information together to give the public the best practical information we have about what's likely to happen - whether we think it's going...
...intensity with which the spiffily attired investment brokers of the African Banking Corp. stare at their computer screens is misleading. A closer look reveals that they're either fiddling with iTunes or playing solitaire. Still, their boss, Seti Shumba, who moonlights as chairman of the Zimbabwe Stock Exchange, offers them smiles and pats on the back - he's just glad they showed up to work...
...Trading on Zimbabwe's volatile stock market made Wall Street's dubious derivatives look like Treasury bills. With an economy locked out of the global financial system, daring foreign hedge funds and institutional investors saw this obscure market - much like emerging investment funds in wine and fine art - as an opportunity to diversify, or seek "exotic beta," in finance parlance. Though real returns may occasionally hit the high double digits, says Shumba, investing here can seem like playing Russian roulette: the exchange is highly fickle and illiquid, with a total market capitalization that has fluctuated tenfold in the past year...
...very challenging. Countries make their decisions on whether to fund it annually. There are other priorities, particularly in the current climate, and getting that funding is very difficult. Some days we have been down to our last $6,000. We have had some very hungry days. When I look at our pledges today, we can get to June or July, maybe August, but I just don't know after that, and I don't know where we will get the money. It's a real challenge. But I'm hopeful. It's the most important case in the world...