Word: businessese
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The pain will soon come to Main Street - in Beijing and Brussels as much as in Boise. Economists are already outlining the downward spiral that they predict will follow. Banks will cut back on their lending to households and businesses. Mortgages and car loans will become harder to get. That...
Legislation that will allow the Treasury to use $700 billion to help institutions in distress is also potent proof of the crisis’ gravity. Betting on the decline of selected financial firms’ stocks, known in finance as “short-selling,” is now...
That's because credit markets, which affect the ability of businesses and governments to borrow to fund day-to-day operations, continue to tighten in Asia as banks become more nervous about lending. In Hong Kong, the one-month interbank lending rate has doubled in the past month to 4...
Incongruity rules. For Post-Ike Galveston, like Post-Katrina New Orleans, the weather has been glorious. As the suns falls in the west, the brown pelicans head eastward, as they always do, to the wetlands, flying parallel to the 10 mile seawall that islanders had hoped would have held back...
Many of the 45,000 islanders who evacuated are coming home and the Daily News is offering free advertising as businesses reopen. The land-side bars on the seawall boulevard are open and the motels filled with construction crews. There is a fresh stack of new Spanish roof tiles atop...