Word: maelstrom
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...seems to be rather exaggerated. The bonds’ inadequate BBB-rating—barely above speculative status — contributes to this mispricing. But, of course, this grade was given by the same agencies that rated several mortgage-backed securities AAA and helped create the current financial maelstrom, which Brazil, fittingly, is sailing through with enviable resilience...
...only political move more quixotic than attempting to pass sweeping environmental legislation during economic boom times may be trying to do so in the middle of the biggest economic maelstrom in decades. But President-elect Barack Obama apparently is not dissuaded. At an international conference on climate change convened on Nov. 18 by California governor Arnold Schwarzenegger, Obama told the audience in taped remarks that he intended to stick to the aggressive carbon-reduction targets he promised before the election, beginning with a federal cap-and-trade system that would put the U.S. on course to reduce emissions back...
...very creepy and powerful effect, especially when coupled with the woman’s rag-like clothing. Here’s the story: the wife waits on the shore as her gnarled fisherman husband is eaten by a spiny fish after the two duel in a maelstrom (conveyed by hands with cut-out lighting bolts attached). All the while, Feist gasps out soft narrative lyrics interspersed with an eerie harmony. After her husband is swallowed, the wife dons a retro-science fiction swim apparatus to search for him. Although the ending is ambiguous, the candle that has lit the scene...
...next President, whether it's Barack Obama or John McCain, will take the helm amid a maelstrom. Testifying before Congress, former chairman of the Federal Reserve Alan Greenspan - not known for his colorful public statements - professed "shocked disbelief" at the "tsunami" that has plunged global finance into disarray. He predicted a deep recession that will cost jobs and devastate balance sheets across the economy - "much broader than anything I could have imagined." When the chief economic advisers to McCain and Obama met recently for a debate, they found little to agree on. But they shared the realization that...
...financial crisis deepens, Asia has looked on nervously, but with little fear of getting dragged into the maelstrom. Asian financial institutions have generally avoided the kind of risky, subprime mortgage-related investments that have crippled financial firms in the U.S. and Europe. Fitch Ratings figures that at mid-year Asian banks accounted for only 6% of the total losses on subprime investments at the world's banks. (European banks, on the other hand, were responsible for 47%.) Even those financial institutions that carried some exposure - like Japan's Mizuho Financial Group, which has reported subprime-linked losses of more than...