Word: bankses
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The federal government is handing out over $1.5 trillion to support the economy through the Obama stimulus package, TARP, and the new mortgage assistance program. Among the clear winners in the frenzy to save parts of American industry are financial firms and the car companies. Aid may be extended to...
The argument that economists would make for the appropriateness of the downfall of print is based on "creative destruction." As one generation of products or services become obsolete it is replaced by another which better fits the current environment. The car industry and the banks in their current incarnations look...
Duckenfield notes that political conservatives such as Sarkozy and Merkel have a significant ally to their cause in British Prime Minister Gordon Brown, who, in spite of his nominally leftist Labour Party affiliation, has always been a market liberal. As recently as 2007, Brown opposed European calls for better regulation...
Local patrons who order from the Harvard Book Store will now be brought their purchases by bicycle instead of truck, due to a recently-created “Green Delivery Service.” The two-week-old program is the result of a partnership with the Somerville-based Metro...
Visa (V) is lucky. It does not offer consumers credit. It acts as an agent to transfer funds between buyers and merchants. Visa also handles transaction clearing and settlement services. Unlike large banks, when a customer defaults, Visa's balance sheet is not at risk. The company's role as...