Word: banking
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...World Bank is having none of it. According to The New York Times, "In a bleaker assessment than those of most private forecasters, the World Bank predicted that the global economy would shrink in 2009 for the first time since World...
...World Bank message is simple but is likely to fall on deaf ears. The natural urge to protect one's own country is likely to trump the act of giving, and getting around that is nearly impossible...
...Boston Globe is, based on several accounts, losing $1 million a week. One investment bank recently said the paper is worth only $20 million. The paper is the flagship of what the Globe's parent, the New York Times, calls the New England Media Group. The Times has substantial financial problems of its own. Last year, ad revenue for the New England properties was down 18%. That is likely to continue or get worse this year. Supporting larger losses at the Globe will become nearly impossible. Boston.com, the online site that includes the digital aspects of the Globe, will probably...
...forces now weighing on the market are housing and bad bank assets. Will investors need to see resolution on those fronts before bidding stocks higher? You'll need to see three things for the stock market to improve: 1) toxic assets taken off the bank balance sheets so banks can start lending, 2) some stabilization of house prices so that people don't feel they'll be better off waiting a month before they buy. 3) unemployment stops rising so that people start feeling more secure about their jobs. I think you'll see those three things begin to take...
William Pope.L has crawled the 22-mile length of Broadway in New York, eaten copies of the Wall Street Journal, and tied himself with sausage links to the doors of a Chase Manhattan bank wearing only a skirt made of cash and urging passersby to pluck the bills away. Last Thursday, the Peter Ivers Visiting Artist at the Office for the Arts brought seven crying, spitting, racial slur-shouting baby heads to the Carpenter Center in “Corbu Pops,” a performance that was both humorous and disquieting.William Pope.L is a multidisciplinary artist known...