Scfh West promises Ukraine more, better arms to fend off Russian invasion
Question/Comment:
stanley cup I watched your piece on credit default swaps, which was illuminating but I think missed one point. Isn ;t much of the $55 trillion dollar market made up of hedge funds and other institutions betting that bonds and other debt products fail That is, that they really have no insurable interest-they don ;t own the bond- but are simply making a gambling bet on default Paul Solman: It n
stanley cup ot clear but it could be true. I tried to suggest that possibility in the piece, without making too much of it, because it just speculation in the non-financial sense of the word . Now you may have figured out by now t
stanley cup hat not everyone BUYING these swaps was buying insurance. Lots of investors were just taking a flyer, making a bet that the default risk would rise and their swaps would then be worth more. But it worth pointing out something that WASN ;T in the story about the total of $62 trillion or your $55 trillion, which seems to be the more current number out there : a lot of IT may be double counting. That is, companies like AIG may have re-insured their swaps with other companies with further swaps. Follow In other words, AIG issues insurance on a $1 billion pool of mortgage-backed securities bonds, then buys a swap from another insurer to lay off some of that risk. That a term from gambling, when a bookie has taken too many bets on one horse or team or boxer and will go bust if th Rlyq Wildfire Moves On, but Arizona Town Deals With the Aftermath
WASHINGTON Seeking to quell a politically charged controversy, the Obama administration announced new measures Friday to allow religious nonprofits and some companies to opt out of paying for birth control for female employees while still ensuring those employees have access to contraception.Even so, the accommodations may not fully satisfy religious groups who oppose any system that makes them complicit in providing coverage t
stanley cup hey believe is immoral.Effective immediately, the U.S. will start allowing faith-affiliated charities, colleges and hospitals to notify the government 鈥?rather than their insurers 鈥?that they object
air max to birth control on religious grounds. A previous accommodation offered by the Obama administration allowed those nonprofits to opt out of paying for birth control by submitting a document called Form 700 to their insurers, but Roman Catholic bishops and other religious plaintiffs argued just submitting that form was like signing a permission slip to engage in evil.In a related move, the administration announced plans to allow for-profit corporations like Hobby Lobby Inc. to start using Fo
adidas samba rm 700. The Supreme Court ruled in June that the government can ;t force companies like Hobby Lobby Inc. to pay for birth control, sending the administration scrambling for a way to ensure their employees can still get birth control one way or another at no added cost.The dual decisions mark the Obama administration latest effort to address a long-runni
