Word: bankes
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Dates: during 2000-2009
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...though, it didn't even offer a definite signal on that. "There's clearly a debate going on within the Fed as to what they should do next, and there's no need to make a decision yet," says Marvin Goodfriend, a former chief economist at the Federal Reserve Bank of Richmond who now teaches at Carnegie Mellon's Tepper School of Business. "The Fed is essentially buying time before it commits to whether the disinflation risk is greater or the inflation risk is greater." (See pictures of the dangers of printing money...
...early years of the Depression, in fact, were marked by repeated periods during which the economy seemed to stabilize, only to careen further downward - usually as the result of some new spate of bank failures. Since March, the economy has clearly been stabilizing, but there's no guarantee that trend will continue. The data lately have been mixed - today, durable-goods orders were up by more than expected, while new home sales were down by more than expected. So the Fed remains in a holding pattern, one that Goodfriend expects will continue for months...
...decline. Sales data from the market-research firm NPD shows that in the U.S., technology unit sales were up 10% in May on a year-over-year basis. However, revenues declined 11% over the same time period. "Most of the unit growth is fueled by netbooks," observed analysts at Bank of America/Merrill Lynch in a recent report. (Read "Why Are Netbooks So Popular...
American Presidents have opposed Israeli settlements in the West Bank since Israel conquered it in 1967. But in practice, they've mostly turned a blind eye. In 1991, President George H.W. Bush showed why when he tried to condition loan guarantees to Israel on a halt to settlement growth and stirred up a nasty political hornet's nest in the process. He won only 11% of the Jewish vote the following year. (See pictures of 60 years of Israel...
...Telecom, the Middle East's largest wireless firm, was awarded a contract to install a national cell system. The 25-year contract, in a joint venture with the North Korean state telecom entity, calls for a $400 million investment, which Orascom doubled down on by also investing in a bank and hotel project in Pyongyang. (View pictures of the rise of Kim Jong...