Word: businessese
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Indeed that search for independence, and the power that would come from establishing their own businesses, was a dominant theme in my conversations. As women in Europe and the U.S. have discovered, having your own salary or company isn't just a matter of raising living standards for your family...
Nonetheless, many policymakers and analysts are worried. In late December, President Obama summoned the heads of the nation's largest banks to the White House to urge them to make more loans to small and medium-size businesses. Federal Reserve Chairman Ben Bernanke too has mentioned in recent speeches the...
Indeed, the numbers are eye-catching. As of Dec. 23, the latest date for which data are available from the Federal Reserve, bank lending, at nearly $6.7 trillion, was down $100 billion from the month before. In the past year, the volume of loans outstanding by banks in the U.S...
Finally, unlike the stock market or consumer confidence, bank lending is a lagging indicator. Businesses look for loans to expand once the economy is growing and orders are coming in again. And banks, since they get hurt so badly in recessions (particularly this one), become very risk-averse at the...
3. Insurance Exchanges Perhaps the least understood aspect of federal health reform is how private insurance would be sold on the open market if and when the legislation becomes law. Under the Senate bill, states would be responsible for creating and running new insurance marketplaces, also known as exchanges. There...