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...major REIT failure last week has affected the regional banks' balance sheets," says Shirakawa, adding that the trusts could be bellwethers signaling trouble for the real estate sector at large. "Property cash flows and the general economy are weakening. Banks have tightened their credit policy and some REITs cannot refinance themselves," Shirakawa says. "We will probably see more failures of REITs...
...Some leaders have insisted that the E.U. should not waver. French President Nicolas Sarkozy declared that the targets and timetable would be upheld, but offered "solutions" for those having trouble meeting them. "The climate package is so important that we cannot simply drop it, under the pretext of a financial crisis," he said. "If we scale back our ambitions then we count for nothing...
Shortcuts, for example, make us more prone to do whatever everyone else is doing - or whatever Jim Cramer tells us to do. "The brain cannot afford to re-evaluate on a millisecond by millisecond basis. So it will use other people's opinion as a proxy for its own," says Emory University neuroeconomist Gregory Berns, author of the new book Iconoclast: A Neuroscientist Reveals How to Think Differently...
...cannot begin to express how...proud, amazed, humbled, and in awe I stand before and next to him as a friend and supporter of such great human endeavors,” she wrote...
...just Obama's historic candidacy that's eroding the Republicans' small black constituency. Many black pastors who supported Bush cannot credibly suggest that their congregations support the Republican ticket, not after the Bush Administration's mishandling of Hurricane Katrina and the economic crisis that particularly threatens an already fragile black middle class. For many blacks, there is little evidence that McCain, who still has the stigma of initially opposing a Martin Luther King Jr. holiday in his home state of Arizona two decades ago, has a desire to cultivate the kind of relationships with black Republicans that Ronald Reagan...