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News from around the web: 2009-11-23

| 23 November 2009 16:42

Distraction of the Day: The obesity problem (video embedded)

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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College. Edward also writes a premium financial newsletter. Sign up here for a free trial.

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  • http://globalglassonion.blogspot.com/ rjs

    ed; off the links topic, but weve been throwing this around without a answer: (from yahoo finance)

    “5-year credit default swaps on U.S. soverign debt currently trade for about 25 basis points (which means it costs $25K per $10M of notional value). How does that compare to other countries or states? Japan = 72 bps; United Kingdom = 56 bps; Germany = 21 bps; California = 177 bps; New York = 85 bps”

    can someone explain to me what those CDS’s will be paid off in if the Treasury should default?

    if you can explain that, it would be appreciated..