Portugal is not facing a property market collapse like that in Spain, where the construction boom added 2.8 million homes over five years, of which only 1.5 million were sold, according to research last month from Morgan Stanley.
Ask any architect, it was a demolition, steel does not collapse like that!" I was totally speechless.
In order to deal with another potentially calamitous collapse, like that of Lehman Brothers, Dimon supports a "resolution mechanism" for investment banks, much as the Federal Deposit Insurance Corp. seizes a failed commercial bank, guarantees its counterparties and then dismantles it, finds a buyer or puts in new management.
Heavy fighting also continued along the main road to Tarin Kot, the provincial capital of Uruzgan, also in the south, where a Taliban raid on Sept. 8 sparked fears of another collapse like that in Kunduz last year.
When you see buildings collapse like that it shakes your entire notion of what time and space are.
The collapse, like that of the volcano Krakatoa, will be heard around the world, and reverberations will be felt for years".
The CME Group, the for-profit exchange that also has the task of policing the futures markets, announced on Thursday that it would create a $100 million fund to protect farmers and ranchers from losing their funds in the event of another collapse like that of MF Global.
NEW YORK TIMES CME Creates $100 Million Fund for Farmers and Ranchers | The CME Group announced on Thursday that it would create a $100 million fund to protect farmers and ranchers from losing their money in the event of another collapse like that of MF Global.
It can collapse like that because of science.
