Word: borrowers
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...following. "Nobody likes Dr. Doom," Sanford says with a smile. Leading a state with the nation's third highest unemployment rate, he understands the Keynesian idea that only government spending can jump-start a recessionary economy: "I get it. I'm supposed to be proactive." But if spend-and-borrow is the only alternative to a depression, he says, "then we're toast...
...That the Prince of Wales is looking to borrow a little Obama magic may seem odd. By convention, Britain's royals steer clear of politics. But the Queen's eldest son has long stretched definitions with his passionate advocacy for environmental causes. He has recently helped garner international support around the idea of a rain-forest bond, a method of interim funding designed to ensure that trees are worth more alive than dead until carbon-trading schemes really take off. He has privately lobbied leaders from Brazilian President Luiz Inácio Lula da Silva and Italian Prime Minister Silvio...
...Institute of Chicago, says younger artists who made a living by copying are starting to worry that the practice that once benefited them is now hurting their prospects. Even if making copies was not originally intended to deceive, the situation is so bad now that no reputable museum will borrow from Vietnam's national art museum, Taylor says. "The biggest damage is that now Vietnam has a bad reputation," she says...
...behavior as well as their attitudes. It's one thing to say you are anxious about the future; it's another to raid your retirement fund to pay the bills. We found interesting differences tied to age and gender and income. Young people are much more likely to borrow money from family or friends than older people are, and men are more optimistic than women. In the end, no matter when people think we'll come out of this recession, most say they will continue their new frugal habits...
Interbank lending - another gauge of credit conditions - is often captured by the TED spread, which measures the premium banks pay over government bonds when they borrow money from one another. The difference is now just about 1 percentage point - what it was before Lehman Brothers filed for bankruptcy protection last September...