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...Northwest, the contraction in commercial construction came late, says Eric Franklin, spokesperson for the Pacific Northwest Regional Council of Carpenters. "We're at the bottom now." Across a membership of 26,000 in 42 locals in five states unemployment ranges from 21% to 35%. One bright spot: a few big public projects on the horizon, including a floating bridge that will connect Seattle to its suburbs. "It's a mess," says Erlich in New England. "The private sector is dead. We're at the point where we are considering investing money from our pension fund in construction projects. We either...
...only one who was risking the firm's dollars. McDonald, himself a relatively junior trader, had a Lehman-funded trading account of $450 million. In the years leading up to the financial crisis, Lehman Brothers built up huge positions in real estate, derivatives and bonds. That all came crashing down in the fall of 2008, when the tumbling housing market and rising mortgage defaults caused the credit markets to seize up. In all, Lehman lost more than $32 billion from proprietary trading and principal transactions during the year and a half leading up to the financial crisis and since, according...
...goal came off the stick of freshman Conor Morrison, who deflected the puck inside the near post...
...Baruch came out strong following the finish of the second set, jumping out to a 12-7 lead. Behind strong hitting from sophomore outside hitter Sequiel Sanchez, who finished with a game-high 19 kills, the Bearcats extended their lead...
...announcement came a day after Faculty of Arts and Sciences Dean Michael D. Smith updated the Faculty with a more positive financial outlook—FAS had exceeded its expectations and cut its own deficit from $110 million in September down to $80 million...