business phrase (update 3)

--leverage finance's cash engine has ground to a halt --worldwide sellof accerlated and concerns spread beyond financial companies and homebuilders --the cost of financing has skyrocketed, imperiling the raft of corporate buyouts that has fueled the bull market. --stock markets across Asia were pulled down sharply July 27 by the previous day's rout on WS that saw DJ and S&P500 fall 2.3% and register their biggest declines since late Feb. --WS woes hit hard. --China toughens stance on food safety --the bear event is a watershed event --Speculation has run rampant in recent years in real estate, private equity, merging market and levreage loans. Subprime is the first category to collapse. --Joe wrote a 23-year stretch that ended in 1958. For me, this lap on the track is sweet and bitter. Sweet because I relish a quest to become FORBES' longest-running columnist. Bitter because I've always believed that Joe was the best FORBES columnist. --As businesses of all sizes expand overseas, Asset backed lenders are following along... --the credit market is in disarray, and that disarray has given the stock market a worthy case of the jitters. --It is not a full rout. So far, there are no corporate defaults making the headlines. --there is an overhang of $225 billoin in debt from PE deals that need to be refinanced. --it would dent the sotck market by 5%. --do these perks (interest bearing account...ATM rebates) outweigh the hassle of switching (from banks to retail brokers) --If invetors get spooked, then the ability of lenders to fund loans may be hampered. --If a few of high quality deals get good prices, that may unclog the pipline. --assets around the world move in one lockstep. --this(credit market downturn) was their (mututal funds with long-short strategies) opportunity to prove their mettle, they came up short. --The common thread tying those companies together: they either have low or negative free-cash flow and in some cases those flows are unpredictable. --He takes ove the reins as sole president to help guide Bear. --No timetable has been set for the final report. --With the development late in the housing boom of subprime mortgages where borrowers needed to provide little or no documentation, and no money down, the market entered uncharted territory. --investors tend to look askance at such put selling because the losses can be catastrophic. --lenders stay tight with their money --second heaviest one-day plunge 09/2008 --GSE's ability to continue issuing senior debt could forstall govenment actions that have kept investors on edge and pummeled common/preferred stocks. --investors' risk appetite could turn on a dime. --