To everyone's shock, Nissan and Hitachi declared they would not make good the losses.

FORBES: Here come the gaijin

Losses from credit derivatives, unlike those from the sudden shock of 2001, have been rolling out since the summer.

FORBES: Bonus Time

Some market observers say it is unlikely the Netherlands will impose losses on senior bondholders, because that could send a shock wave through the European banking sector.

WSJ: SNS Reaal Is in Talks to Avoid Bailout

Graham Smith, regional officer for the Unite union, said the number of proposed job losses - almost a quarter of workers at the plant - was a shock, although he was aware some staff had been working reduced hours.

BBC: Truck maker plans to axe 88 jobs

My wife, yesterday, told me that it was a shock because once my brigade combat team had redeployed from Iraq, she thought we were kind of done with losses for a while and then losing Sattar was like losing a member of my brigade.

NPR: Murdered Sheik Was Fearless Fighter, Colonel Says