Greek Crisis Raises New Fears Over Credit-Default Swaps – New York Times

New York Times
Greek Crisis Raises New Fears Over Credit-Default Swaps
New York Times
By PETER EAVIS Angelos Tzortzinis/Bloomberg NewsEurope has sought to avoid activating | activating: Make (something) active or operative ... Convert (a substance, molecule, etc.) into a reactive form | the default swaps on Greek debt. Greece's debt restructuring | restructuring: A reorganization of a company with a view to achieving greater efficiency and profit, or to adapt to a changing market ... (restructure) construct or form anew or provide with a new structure; | is dragging | dragging: Pull (someone or something) along forcefully, roughly, or with difficulty ... Take (someone) to or from a place or event, despite their reluctance | credit-default swaps back into the spotlight. The last time this financial | financial: Of or relating to finance ... fiscal: involving financial matters; | instrument | instrument: A tool or implement, esp. one for delicate or scientific work ... A thing used in pursuing an aim or policy; a means | was on …
Credit-Default Swaps in US Approach | Approach: A way of dealing with something ... An act of speaking to someone for the first time about something, typically a proposal or request | Lowest in Almost a Week BusinessWeek | BusinessWeek: Bloomberg Businessweek, commonly and formerly officially known as BusinessWeek, is a weekly business magazine published by Bloomberg | Bloomberg: (Bloomberg) source of static data. ... (Bloomberg) New York#39;s billionaire mayor and 1964 alum, Michael Bloomberg, has donated more money (and bricks) to Hopkins than, well, anyone. The School of Public Health and the most far-flung building on campus are both named after him. ... | L.P.. It is currently headquartered in New York City, New York. ... (BusinessWeek) August 12, 2005; |
Sovereign, Corporate | Corporate: A emcorporate/em company or group ... Of or relating to a corporation, esp. a large company or group | Bond Risk Falls, Credit-Default Swaps Show Bloomberg

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Asia stocks muted as weaker yen, China credit easing hopes offset by Europe debt pessimism | pessimism: A tendency to see the worst aspect of things or believe that the worst will happen; a lack of hope or confidence in the future ... A belief that this world is as bad as it could be or that evil will ultimately prevail over good | - Minneapolis | Minneapolis: An industrial | industrial: Of, relating to, or characterized by industry ... Having highly developed industries | city and port on the Mississippi River in southeastern Minnesota; pop. 382,618. It is a major agricultural center for the upper Midwest ... largest city in Minnesota; located in southeastern Minnesota on the Mississippi river; noted for flour mills; one of the Twin Cities | Star Tribune BANGKOK - Asian stocks were muted Wednesday | Wednesday: The day of the week before Thursday and following Tuesday ... On emWednesday/em | as a weakening | weakening: Make or become weaker in power, resolve, or physical strength ... becoming weaker | yen and hopes of more steps to prop up China's growth were offset by pessimism over Europe's debt crisis. Benchmark | Benchmark: A standard or point of reference against which things may be compared or assessed ... A problem designed to evaluate the performance of a computer system | ... Malaysia | Malaysia: A country in Southeast Asia; pop. 23,522,000; capital, Kuala Lumpur; languages, Malay (official), English, Tamil, Chinese dialects ... (malaysia) a constitutional monarchy in southeastern Asia on Borneo and the Malay Peninsula; achieved independence from the United Kingdom in 1957 | and the Philippines | Philippines: A country in Southeast Asia that consists of an archipelago of over 7,000 islands—the main ones being Luzon, Mindanao, Mindoro, Leyte, Samar, Negros, and Panay—that are separated from the Asian mainland by the South China Sea; pop. 86,241,000; capital, Manila; languages, Filipino (based on Tagalog) and English ... a republic on the Philippine Islands; achieved independence from the United States in 1946 | rose. New Zealand, Singapore | Singapore: A country in Southeast Asia that consists of the island of emSingapore/em (linked by a causeway to the southern tip of the Malay Peninsula) and about 54 smaller islands; pop. 4,353,000; capital, emSingapore/em City; official languages, Malay, Chinese, Tamil, and English ... (singapore) an island to the south of the Malay Peninsula | and ...

Greek Crisis Raises New Fears Over Credit-Default Swaps - CNBC European policy makers have nonetheless | nonetheless: In spite of that; nevertheless ... however: despite anything to the contrary (usually following a concession); | looked warily at credit-default swaps, at least until recently, while they structured | structured: Construct or arrange according to a plan; give a pattern or organization to ... having definite and highly organized structure; | the Greek rescue over the last six months. They aimed for a voluntary debt exchange that would not initiate the default swaps ...

PRESS DIGEST - Financial Times - Feb 22 - Reuters UK link.reuters.com/zyc76s BC PARTNERS RAISES 6.5 BLN EUROS FOR NEW DEALS London ... the global financial crisis by collecting | collecting: Bring or gather together (things, typically when scattered or widespread) ... Accumulate and store over a period of time | 6.5 billion euros ($8.62 billion)for its latest European | European: A native or inhabitant of Europe ... A national of a state belonging to the emEuropean/em Union | fund. link.reuters.com/bad76s GREEK RACE TO UNLOCK BAILOUT ...

Stocks rise on manufacturing | manufacturing: Make (something) on a large scale using machinery ... (of a living thing) Produce (a substance) naturally | data - Yahoo Finance Stocks climbed Wednesday after strong manufacturing data and encouraging | encouraging: Giving someone support or confidence; supportive ... Positive and giving hope for future success; promising | reports about the Greek debt crisis. The Dow Jones industrial ... crude fell 87 cents to end at $97.61 a barrel in New York. Brent crude rose by 58 cents to finish at ...

DID YOU KNOW THIS:
Crisis
A crisis (plural: \
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There can't be a crisis next week. My schedule is already full.
We all live in a house on fire, no fire department to call; no way out, just the upstairs window to look out of while the fire burns the house down with us trapped, locked in it.
These are the times that try men's souls.
The wise man does not expose himself needlessly to danger, since there are few things for which he cares sufficiently; but he is willing, in great crises, to give even his life -- knowing that under certain conditions it is not worthwhile to live.
I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. Corporations have been enthroned, an era of corruption in high places will follow, and the money-power of the country will endeavor to prolong it's reign by working upon the prejudices of the people until the wealth is aggregated in a few hands and the Republic is destroyed.
I think it's only in a crisis that Americans see other people. It has to be an American crisis, of course. If two countries fight that do not supply the Americans with some precious commodity, then the education of the public does not take place. But when the dictator falls, when the oil is threatened, then you turn on the television and they tell you where the country is, what the language is, how to pronounce the names of the leaders, what the religion is all about, and maybe you can cut out recipes in the newspaper of Persian dishes.
I believe that in the history of art and of thought there has always been at every living moment of culture a will to renewal. This is not the prerogative of the last decade only. All history is nothing but a succession of crises -- of rupture, repudiation and resistance. When there is no crisis, there is stagnation, petrifaction and death. All thought, all art is aggressive.
Crises and deadlocks when they occur have at least this advantage, that they force us to think.
Every little thing counts in a crisis.
When is a crisis reached? When questions arise that can't be answered.
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Over
In the sport of cricket, an over is a set of six consecutive balls bowled in succession. An over is normally bowled by a single bowler. However, in the event of injury preventing a bowler from completing an over, it is completed by a teammate. An over must consist of six legal deliveries. Wides and no balls do not count toward the six-ball tally. The captain of the fielding team decides which bowler will bowl any given over (subject to the restriction that no bowler may bowl two overs in succession). At the completion of each over, the direction of bowling reverses, so that the new bowler will approach the batsman from the opposite end of the pitch. Generally, the captain will appoint two bowlers to alternate overs from opposite ends of the pitch until one tires or becomes ineffective, at which point the captain will replace that bowler with another. The period of time during which a bowler is part of such a pair is known as a spell. In limited over cricket matches, such as one-day...
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Credit
Credit is the trust which allows one party to provide resources to another party where that second party does not reimburse the first party immediately (thereby generating a debt), but instead arranges either to repay or return those resources (or other materials of equal value) at a later date. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower. Credit does not necessarily require money. The credit concept can be applied in barter economies as well, based on the direct exchange of goods and services (Ingham 2004 p.12-19). However, in modern societies credit is usually denominated by a unit of account. Unlike money, credit itself cannot act as a unit of account. Movements of financial capital are normally dependent on either credit or equity transfers. Credit is in...
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Default
Default is a Canadian post-grunge/alternative rock band from Vancouver, British Columbia. Since forming in 1999 they have released four albums, and have sold more than a million records. The majority of their fan base is in Canada, but they gained popularity in the United States for their hit singles \
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The Fallout
Wasting My Time
Elocation
One Thing Remains
Taking My Life Away (Radio Promo)
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Post-grunge
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TVT Records
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Blind
Deny (acoustic)
Throw It All Away
Sick & Tired
It Only Hurts
Slow Me Down
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Wasting My Time (Acoustic Version)
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Dave Benedict
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Danny Craig
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Jeremy Hora
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