一群百万富翁聚在一起，斤斤计较地抱怨收入的细微变化时，没有一个人的姿势是漂亮的。NBA球员工会与球队老板本月爆发的最新一轮混战，就是一个很好的例子。

    双方的谈判实际上已经嘟嘟囔囔地延续了大约两年半了。老板们一直在想着法子增加球队的利润——他们说，有些球队是赔钱的买卖。双方已经在如何分割收入等财务细节上你来我往地争执了好几个回合。上周一，由律师代表的球员们拒绝接受代表联盟球队老板的NBA总裁大卫•斯特恩提出的一项协议。如何分配球员工资是双方产生分歧的另一个焦点问题。老板们希望建立更严格的工资上限规则；球员当然不愿意。

    这些障碍促使球员和老板双方都采取了法律行动，从而有可能使NBA陷入诉讼风暴，报销2011-2012整个赛季。上周，球员们已经错过了本赛季的第一张薪金支票，每少打一场比赛，他们都将损失一笔钱。老板们同样也会赔钱，但许多老板仍然在咬牙坚持，要求达成更有利的协议，以便更好地保护其球队盈利水平。

    尽管这次停摆事件涉及许多愤怒的富翁，但肯定需要一个出头的人。有鉴于此，“大卫•斯特恩最终将成为替罪羊。”明尼苏达州大学的体育管理学教授斯蒂芬•罗斯说。

    斯特恩在冲突中为球队老板代言毕竟是他应尽的本份。但这位NBA总裁（他拒绝接受本文作者采访）在引导这次谈判期间犯了几个重大错误。路易斯安那州立大学（Louisiana State University）运动学系的体育管理专家乍得•塞弗里德认为，这些失误令人遗憾。“因为人们说起大卫•斯特恩的遗产，肯定认为他是职业体育史上最伟大的总裁之一，”他说。

    斯特恩担任NBA总裁的时间已接近30年，指导联盟做出了几项重大变革。去年，NBA获得了差不多40亿美元与篮球相关的收入，是斯特恩于1984年接任总裁一职时的20倍。然而，保证一个健康运行的球员对话机制延续这么长时间，却没有那么容易。这些年来，斯特恩肯定得罪了不少人，最终导致了目前的僵局。这次停摆事件引发的对立情绪有可能使斯特恩的职业生涯蒙上污点，塞弗里德说。

    The selling spree currently swirling through the European debt markets, which regulators worry may spread to U.S. banks, was caused in large part by a series of policy gaffes by European regulators and banking authorities.

    On Oct. 26, the European Union's leadership agreed to force banks to raise their capital to asset ratios from 5% to 9%. The assumption was that Europe's 70 largest banks would get new money from investors or forego dividends, thereby restoring confidence to the financial system. But the decision left open another possibility: dumping assets, which is exactly what major banks appear to be doing.

    For instance, BNP Paribas, which is France's largest bank by assets, announced on Nov. 3 that it had sold off 24 billion euros ($32 billion) worth of sovereign bonds. "We very much reduced our exposure to sovereign debt," BNP Paribas CEO Baudoin Prot said in a Bloomberg television interview, acknowledging that the demand for new capital was the cause for the speeding up of the process. Among the sold items: $11 billion of Italian government bonds. The bank said it expected to lose more than $1.3 billion on the asset sales.

    Societe Generale and Germany's Commerzbank have also announced sell-offs of their sovereign debt, and it is believed many other institutions are quietly dumping their Italian bonds.

    "This was a big mistake," says Benn Steil, director of international economics at the Council on Foreign Relations in New York. "The banks looked at what it would cost to raise capital and they said that's prohibitive. They have been quite clear about their response: they are going to shed assets."

    Charles H. Dallara, managing director of the Institute of International Finance, which is representing 450 banks in their negotiations with Greece, warned European leaders that the recapitalization plan would cause serious problems. "The market value of the debt of the countries most under scrutiny is likely to decline further as banks unload sovereign bonds," Dallara wrote in a letter to G20 leaders meeting in France.