Word: bankses
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This is unusual but not unheard of. A few years ago the architects Diller, Scofidio & Renfro provided the same kind of glass-walled backdrop for the theater they designed as part of Boston's Institute of Contemporary Art, and it's worked well there, though one factor may be that...
Many people banked on their portfolios to generate annualized returns of 8% to 10% a year, and much of that was wiped out during the stock-market correction of the past two years, says Corbin. Also, many are concerned about cuts to Medicare, Medicaid and Social Security benefits and the...
During the dark days of the global credit crunch a year ago, policymakers around the world had a generally easy time coordinating decisions. As asset prices tanked, lending dried up and growth shriveled, governments and central banks were forced to take similar steps - pump up fiscal spending and slash interest...
Nowhere is the policy challenge bigger than in Asia. With the region's recovery gaining pace more quickly than elsewhere, it could be the first region to face inflation pressures. In China, growth is rapidly returning to pre-crisis levels. On Oct. 22, China reported that its gross domestic product...
In the end, some economists believe that a coordinated global exit strategy, especially in regard to monetary policy, will ultimately happen, but by default. The Federal Reserve holds so much influence in the world economy that other central banks might be wary of deviating too far from its policy. "The...