Word: bankses
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The business of Charlotte was always business. The city began as a trading post at the intersection of two Indian trails, hosted America's first gold rush and first mint, and later blossomed into a transportation and textile hub. Charlotte's white leaders agreed to desegregation relatively early, concluding that...
"To understand Charlotte, you have to understand our ambition," says chamber of commerce head Bob Morgan. "We have a serious chip on our shoulder. We don't want to be No. 2 to anybody." Civic leaders often compare their city to New York, Chicago, and even London. On Sept. 11...
Mankiw kept the audience chuckling with cracks about his safe job as a tenured professor, references to Chapter 26 of his “favorite textbook,” and “the mafia approach” of forcing banks to increase their capital stock, in which he supposed...
He discussed academic critiques of the Treasury’s bailout proposal and alternatives through which the government might help banks recapitalize, but did not indicate which approach he favored.
“My main concern with the bailout plan is that there are no real provisions to increase the financial health of the banking sector,” Scharfstein said. “The government should include an increase in capital requirements as part of the bill and force...