World Markets - Global EconomyAnalyst Reactions to Bear Stearns
Forbes - 3 hours ago
AP 03.17.08, 8:07 AM ET After JPMorgan Chase & Co. agreed to buy Bear Stearns Cos. for $2 per share, analysts expressed "shock" at the sudden downturn in Bear Stearns' fortunes and pondered the impact of the buyout on the financial sector.
Bear Stearns plunges in premarket BusinessWeek
Sector Glance: Brokerages Tumble CNNMoney.com
Wall Street en recul à l'ouverture, plongeon des bancaires Le Point
Fed Acts to Rescue Financial Markets
New York Times - 38 minutes ago
A man walks past an electronic board showing the Hang Seng Index in Hong Kong. The Hang Seng closed down 5.2 percent on Monday. By EDMUND L. ANDREWS WASHINGTON - Hoping to avoid a systemic meltdown in financial markets, the Federal Reserve on Sunday ...
Sub-prime collapse 'beyond the US Federal Reserve' NEWS.com.au
L'effondrement de Bear Stearns secoue les banques dans le monde
Le Point - Il y a 56 minutes
Le sauvetage en catastrophe de Bear Stearns par JP Morgan Chase & Co attise les craintes sur le marché bancaire, qui appréhende d'autres chutes brutales, peu de banques étant à l'abri des remous actuels. La crise de confiance sur le marché bancaire est ...
You can see updates on the markets at bonddad's blog. On Bear Stearns etc. he observes:
-- For all practical purposes, Bear Stearns is bankrupt. Despite the shotgun nature of the Bear/JP Morgan deal, Bear would not have agreed to a $2/share valuation unless there the damage to their business was extremely severe.
-- JPM swooped in quickly on this deal. My guess is they have been watching this situation for some time and waited for the right moment to get this deal. All the players lined up too quickly in JPM's favor for this to be a happy coincidence. JPM sees a play here and went for it. This actually is good news. If there are other firms in financial straights right now, others know about it. The Fed has demonstrated they will help to finance the deal. In short, if another firm goes bankrupt it will be a quick procedure to deal with it.
-- The Federal Reserve is scared shitless. There is no reason for them to get involved in this deal unless they were worried about one of two things (and probably both): 1.) the ripple effect and/or 2.) other banks in a similar situation. The Fed is looking for any tool (and making some new ones up) to prevent a system wide crisis.
-- Lest week S&P announced the end of the writedowns at the big banks was near an end. Almost on cue, events demonstrated how hapless S&P has become when it comes to credit analysis.
Tibet - China
Analysis: Tibet crackdown spreads to Web
United Press International - 47 minutes ago
By SHAUN WATERMAN WASHINGTON, March 17 (UPI) -- The Chinese authorities' crackdown on Tibetan protests spread to the Internet at the weekend, with censors blocking YouTube and other sites as the Dalai Lama accused the regime of "cultural genocide" ...
Video: China struggles with Tibetan unrest - 17 Mar 08 AlJazeeraEnglish
Tibetans describe continuing unrest BBC News
Chinese troops parade handcuffed Tibetan
Times Online - 2 hours ago
The Chinese Army drove through the streets of Lhasa today parading dozens of Tibetan prisoners in handcuffs, their heads bowed, as troops stepped up their hunt for the rioters in house-to-house searches.
Tibetans describe continuing unrest BBC News
Tibetan protesters to stage London vigil Reuters UK
Tibet: YouTube bloqué en Chine
Le Figaro - 16 mar 2008
Le site internet YouTube était bloqué aujourd'hui en Chine après la diffusion d'une vidéo sur les manifestations sanglantes de Lhassa. Les problèmes d'accès au site sont apparus après la diffusion d'images montrant des violentes manifestations et la ...
[The internet site YouTube was blocked today in China after showing a video on the bloody demonstrations in Lhasa.]
China niega que sus tropas abrieran fuego
La Rioja - hace 8 horas
La Policía mantiene un férreo control en la región una vez vencido el ultimátum de China para que se entregaran los instigadores de las protestas. /AP La guerra de cifras se mantiene entre las autoridades chinas y el Gobierno tibetano en el exilio. ...
Deadline Looms for Tibetans to Surrender
The Associated Press - 35 minutes ago
BEIJING (AP) - Tibet's governor denounced anti-Chinese protesters as criminals and threatened harsh consequences for those who do not turn themselves in by a midnight deadline Monday.
China prohíbe a los extranjeros viajar al Tíbet
Milenio - hace 4 horas
El jefe del gobierno tibetano declaró ante la prensa en Pekín que los disturbios en la región han causado “graves daños y una gran pérdida de vidas humanas”. Pekín.- China ha suspendido todos los permisos para extranjeros que quieren viajar a la región ...
Violences au Tibet: des centaines de morts
L'Express - Il y a 5 heures
e gouvernement chinois a rejeté lundi l'entière responsabilité des violences à Lhassa sur des "émeutiers tibétains" qui auraient tué 13 personnes, bilan très inférieur aux "centaines de personnes" établi par les Tibétains en exil. ...
Kosovo - SerbiaUN, NATO Personnel Injured in Clashes With Serb Protesters in Kosovo
Voice of America - 59 minutes ago
By Stefan Bos Officials say three UN police officers and two NATO soldiers were wounded in an explosion in Kosovo as they stormed a courthouse occupied by Serb protesters who oppose the region's breakaway from Serbia.
In pictures: Mitrovica rioting BBC News
Russia urges int'l restraint after Kosovo rioting Reuters
IraqCheney on Unannounced Visit to Iraq
New York Times - 48 minutes ago
By RICHARD A. OPPEL Jr. BAGHDAD - Vice President Dick Cheney made an unannounced trip Monday to Baghdad, where he plans to push Iraqi political leaders toward opening the country’s vast oil fields to international companies, a senior Bush ...
Video: Cheney Makes Surprise Visit to Iraq Associated Press
Cheney assesses, on war anniversary, security in Iraq (Roundup) Monsters and Critics.com
McCain, Cheney: US in Iraq Long-Term
The Associated Press - 42 minutes ago
John McCain vowed in meetings with Iraq's prime minister Monday that the US would maintain a long-term military presence in Iraq until al-Qaida is defeated there. Explosions went off near the heavily fortified Green Zone shortly after Cheney arrived.
Video: Cheney Makes Surprise Visit to Iraq AssociatedPress
Cheney says Iraq changes "phenomenal, dramatic" Reuters
IranAhmadinejad's Nuclear Mandate Reinforced by Election (Update1)
Bloomberg - 50 minutes ago
By Mark Bentley and Ladane Nasseri March 17 (Bloomberg) -- Defenders of President Mahmoud Ahmadinejad's nuclear policy won parliamentary elections in Iran, strengthening his hand as he pursues a program of uranium enrichment in defiance of the United ...
Iran reformists question counting in election Washington Post
Iran conservatives win parliament majority: state TV Reuters
PakistanPakistan's Parliament Convenes
Voice of America - 1 hour ago
By Steve Herman Pakistan's parliament has convened in Islamabad, but nothing significant is expected to happen until later this month when a new government is installed.
Pakistani Parliament opens, setting up showdown with Musharraf International Herald Tribune
Showdown looms as Pakistan parliament convenes CNN
Israel - GermanyHistoric agreement for Israel, Germany
CNN International - 55 minutes ago
JERUSALEM (AP) -- Israel and Germany strengthened their ties on Monday in one of the highlights of German Chancellor Angela Merkel's three-day visit to mark the 60th anniversary of Israel's creation.
Merkel, Olmert, Deepening Ties, Stress Shared Threat From Iran Bloomberg
Israel upgrades ties with Germany BBC News
AfghanistanAfghanistan: décès d'un soldat canadien blessé en patrouille
Romandie.com - Il y a 5 heures
KABOUL - Un soldat canadien de la Force internationale d'assistance à la sécurité (Isaf) de l'Otan est décédé des suites de blessures dues à une explosion survenue lors d'une patrouille conjointe avec l'armée afghane dans le sud de l'Afghanistan, ...
Trois soldats de l'Otan tués dans un attentat en Afghanistan Le Point
Attentat suicide en Afghanistan: trois soldats de l'Otan, quatre ... AFP
MacKay renews call for more NATO troops
StarPhoenix - 7 hours ago
BRUSSELS (Bloomberg) -- Canadian Defense Minister Peter MacKay renewed calls to NATO allies to send 1000 troops to fight a Taliban insurgency in southern Afghanistan and said he's "confident" a decision will be made in the coming weeks.
Canada Steps Up Pressure for Reinforcements 580 CFRA Radio
French pressed to decide on Afghan deployment Globe and Mail
Latin AmericaOEA se pronunciará hoy sobre conflicto Ecuador-Colombia
Infolatam - hace 14 horas
La Comisión de la OEA estuvo encabezada por el secretario general del organismo, José Miguel Insulza. La OEA aprobarán hoy un texto de resolución sobre el conflicto entre Colombia y Ecuador, durante la XXV Reunión de Ministros de Relaciones Exteriores, ...
Argentina rechazará en OEA cualquier violación de soberanía Prensa Latina
Analiza la OEA el informe Insulza sobre la crisis Ecuador-Colombia Milenio
New York CityFifth Body Recovered at Crane Site
New York Times - 32 minutes ago
By ANAHAD O’CONNOR and WILLIAM NEUMAN Rescue workers on Monday recovered another body from the two-block swath of wreckage on the East Side of Manhattan where a crane collapsed on Saturday, bringing the death toll in the disaster to at least five, ...
Toll From NYC Crane Collapse Hits 5 The Associated Press
New York to Send Construction Crane Remains for Forensics Tests Bloomberg
ChadTchad: la coalition d'Ibni demande une enquête "réellement ...
Le Monde - Il y a 20 minutes
La principale coalition de l'opposition tchadienne, dont l'opposant disparu Ibni Oumar Mahamat Saleh était le porte-parole, a demandé lundi sa libération et "la mise en place d'une commission d'enquête réellement internationale et réellement ...
Tchad: le Quai d'Orsay connaissait le sort de l'opposant Ibni Saleh MediaPart
France: Manifestation de soutien à Ibni Oumar Mahamat Sahel Afrique en ligne
O Lord, our Lord, you have decided that all people, whatever their colour or race, are equal before you: break down the hatred between us, especially hatred due to national differences. We ask you to help those in whose hands are the various governments of the world. Reconcile them to one another, so that each may respect the rights of the other. We ask all this in the name of our Saviour, Jesus Christ.
--the Student Christian Movement in Zambia
--the BB
2 comments:
In regards to the financial mess the U.S. and, as a result, the world is in, why do estadoünidense believe that the Republican party is good for the economy? Huge financial scandals have taken place in the Reagan-Bush administrations, and, keeping important family traditions, the present Bush administration has turned everything to excrement.
Well, Padre, THIS estadounidense thinks Republicans are terrible for the economy. And now we have years of irrefutable proof that this is so.
Self-interest trumps clear observation and rational thought, so those who are profiting from the current mess think it's wonderful! I am not among those profiting from it.
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