Word: businessese
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Instead, stimulus is quickly becoming the order of the day. Taiwan recently unveiled a $5.6 billion spending package for its sagging economy that included subsidized mortgages and new infrastructure projects. Japan's Cabinet on Sept. 29 proposed a $17 billion supplementary budget to help ease the burden of high energy...
Part of the problem was the lousy job Bush and Paulson did selling their plan to relieve banks of their toxic loans. They failed to brand it as an economic recovery plan instead of a bailout, a surprising mistake for an Administration renowned for giving initiatives perfumed names like Healthy...
Some Harvard students watching the speech—at least those sitting around me—sneered that Rogoff didn’t realize that for Harvard students accustomed to jobs at the upper echelon of finance, the usual recruiting suspects remain alive, if not quite well. Indeed, of the...
The worst for small businesses is the freezing of credit markets, says Pat Convery, president of the Howell Area Chamber of Commerce. "There's a lot of angst and confusion," she says. "People are almost afraid to turn on the radio or TV. No one knows what's coming next...
Or maybe they're too close to their own beats. Maybe the effect of a credit freeze is so obvious and transparent to them that they can't quite comprehend how anyone could not understand its impact. That's not a service to the audience, but it's the impression...