Word: borrowable
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There's an odd game going on in Europe. As European governments dip into their coffers and borrow madly in an attempt to repair their economies, the European Union is cheering and jeering at the same time. The cheers are for the economic-stimulus packages; the jeers come because all that spending is blowing budgets by margins that E.U. rules expressly forbid...
...into a tough spot - cell phones and PCs. It may be that the focus on tech growth potential has been too much about Apple (AAPL) which has done well, at least in its most recent quarter. But, Apple is as much a cult as a business. Some people will borrow themselves into the poor house to own a new Mac or iPhone. (Read "How to Know When the Economy Is Turning...
...state that once drew people from all over the world to create Silicon Valley, Hollywood and Berkeley's free-speech movement now sees too many of its best residents leave. To stop that, Newsom hopes to borrow a page from Barack Obama's presidential campaign. On the floor of the Democratic National Convention last summer, Newsom told TIME that he hoped to run in 2010 - but first he wanted to see if voters would embrace Obama's campaign focus on youth and generational change. "I think we've had an answer to that, back in November," Newsom said. "Youthfulness...
...credit worth 10% of the purchase price and driving down mortgage rates--perhaps to as low as 4%. They're an effort to push fence sitters off their perch and give a head start to folks who are finding that tighter lending standards mean they can't borrow as much as they might once have...
...particularly troubling TARP program called Term Asset-Backed Loan Facility that lets companies borrow money using asset-backed securities as collateral: "Treasury should consider requiring that some baseline fraud prevention standards be imposed (such as minimum underwriting standards or some other combination of provisions that will minimize the risk of fraud...