The Federal Reserve Bank of New York will meet tomorrow with banks and investors in credit-default swaps to gauge progress on an initiative to create a clearinghouse to curb risks in the market, a spokesman said.
The group in July set an end-of-year deadline to have a central system in place to absorb a failure in the $54.6 trillion market in which banks and investors privately negotiate contracts that protect against losses on fixed-income securities.
The Fed will hold a meeting with “a small number of banks and buy-side firms” to discuss progress being made on creating a central counterparty, said a New York Fed spokesman who declined to be identified.
Exclusive clothing boutiques line Avenida Presidente Masarik here. A Burberry coat? A Corneliani suit? A Gucci scarf? Have enough pesos, and they are yours.
But tucked on a leafy side street in the Polanco neighborhood is a shop unlike the others, one whose bustling business says much about the dire state of security in this country. At Miguel Caballero, named after its Colombian owner, all the garments are bulletproof.
There are bulletproof leather jackets and bulletproof polo shirts. Armored guayabera shirts hang next to protective windbreakers, parkas and even white ruffled tuxedo shirts. Every member of the sales staff has had to take a turn being shot while wearing one of the products, which range from a few hundred dollars to as much as $7,000, so they can attest to the efficacy of the secret fabric.
Seth Petruzelli walked into EliteXC’s Saturday Night Fights expecting to fight on the undercard, but walked out with a brutal TKO win over one of the sports biggest celebrities — Kevin “Kimbo Slice” Ferguson — on national television.
The Wilcannia Mob is a rap/hip-hop musical group of five aboriginal boys from Wilcannia, New South Wales, Australia. The group members are: Wally Ebsworth, Keith Dutton, Colin “Colroy” Johnson, Lendal King, and Buddy Blair. They issued a single in 2002 called Down River which won a Deadly Single Release of the Year award in 2003. The didgeridoo made from a gum branch by group member Colin Johnson appears in the song.
