Word: busting
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...been mostly focused on the nation's largest banks, is entering a new phase. Around the country, dozens of banks are nearing insolvency or soon will be. On May 21, BankUnited, based in Coral Gables, Fla., became the 34th bank to fail this year. It is the largest bank bust in 2009. BankUnited had 85 branches and $8.6 billion in deposits. (See pictures of the dangers of printing money...
...expect Sadekar to care all that much about the LPGA's input. "You know what? Our women should be proud that they're hip, hot and fun and can bust it 250 yards off a tee," she says. "They've got the entire package. Why not play it all up?" Fair point. But as women fight for mainstream appreciation of their athletic skills, is her company playing it up too much...
...What a difference a financial crisis makes. After the worldwide economic boom went bust, demand abruptly evaporated for many commodities. The Dow Jones - AIG commodity price index has shed more than half its value since mid-2008. The most visible turnaround has been in oil. A year ago, Western governments were pleading with Persian Gulf oil states to ramp up production as oil sped toward $150 a barrel; today, OPEC is twisting off the spigot in an attempt to support crude prices around $50. Some experts believe prices may stay depressed for years to come, due to greater energy efficiency...
...picture Roubini is painting. He says no amount of government stimulus can make us shoppers again--we have too much debt. When paychecks resume or start to grow again, lenders will get that cash, not retailers. Consumer spending made up as much as 70% of the economy before the bust. With less shopping, Roubini says, there is little chance for a quick rebound. "If we do everything right, we can avoid an L-shaped near depression, which you don't recover from," he says. "But you still...
...surveillance of the network that was the target of the Dec. 11 Brussels raid worried that the intervention was premature, allowing other suspected radical members - known to have been in Afghanistan or to be en route back to Europe - to go to ground once word of the bust got to them. "They're still out there, and we have no idea if they were involved in the recruitment of the five [Palestinian and Syrian] suspected suicide bombers - or whether those kamikazes might have been trained and recruited out of Afghanistan," the French official says...