Word: analyst
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...Rotman School of Management. As a result, critics warn Ottawa and the Ontario provincial government against throwing good money after bad. "If there's a government bailout it will be helping companies at the center of losing jobs, and punishing companies who have created jobs," says veteran Canadian analyst Dennis DesRosiers of DesRosiers Automotive Consultants. The Detroit Three and their supplies have lost 55,000 jobs in Canada since 2000, compared with 40,000 jobs created by the Canadian assembly operations of Honda and Toyota...
Still, not everyone agrees that the situation is on the brink of despair. "The credit-card industry is being likened to what has happened in the mortgage industry," says Greg McBride, senior financial analyst at Bankrate.com, a personal-finance website. "I don't see how the two should be mentioned in the same sentence." He reasons that even if credit-card defaults reach a record high of 10% of the $970 billion in revolving debt, a chunk of that total will get paid off in full every month, which would result in an aggregate default of less than $100 billion...
...over the past 10 years - reaching $18.6 billion in the first quarter and $96 billion by the end of next year, predicts an October report from Innovest Strategic Value Advisors, an investment-research firm. "A 10% [charge-off] rate would be unprecedented," says Laura Nishikawa, an Innovest analyst. (Read "Fannie and Freddie Offer New Plan to Help Homeowners...
...postponement of the Sands' Cotai Strip project may not be end of the bad news, according to Gabriel Chan, a Credit Suisse gaming analyst in Hong Kong. While operators are still making profits, the Sands isn't the only one that may have difficulty finding cash to finance its newest developments. Chan says the Galaxy Entertainment Group, which is building the Cotai Mega Resorts in Macau, is also likely to run into trouble. Any additional job cuts will further kindle discontent among blue-collar Macanese workers, who have long complained about losing construction jobs to less expensive mainland workers...
...Even if Saturday's meeting will mostly be theatrics and promises to hold future meetings, Sarkozy needs to go and speak to Bush in order to send a message to Obama," says French political analyst Alain Duhamel. "What that will say is Sarkozy and Europe are mobilized and determined to regulate markets collectively, and that Obama is going to have to deal with that push from his foreign allies - especially if the situation remains this dire through Obama's Inauguration...