Word: bankses
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Just as Americans did with their houses, casino owners borrowed way too much money to build hotels that were way too big. Economists like Yale's Robert Shiller have warned that the next big wave of failures in the U.S. recession will be in commercial real estate - and once again...
TIME: How will the U.S. recovery play out? Biggs: The surprise is going to be how strongly the U.S. - and the world for that matter - emerges from this thing over the next six to nine months. History says the steeper the decline, the steeper the recovery, and I think we...
The Beach Boys have always conjured up quintessentially California images in my mind: the Pacific coastline at dusk, tanned babes clad in 1960s bikinis with hair bobbed, palm trees and old-fashioned amps, surf boards and hot sand. They represent home for me in an idealized, totally inaccurate kind of...
Would this intervention be flawlessly executed? Of course not. But if ham-handed pay rules drive risky, highly rewarded activities out of big banks and into smaller firms - if big banks become boring again - that might not be all bad, since smaller firms presumably pose less risk to the financial...
Amateurs do the things they want to do in the ways they want to do them. They don't worry too much about breaking rules and aren't paralyzed by a fear of imperfection or even failure. Active citizenship is all about tapping into one's amateur spirit. "But hold...