Word: capitale
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Because of these issues, muni bonds don't seem particularly cheap even though munis now yield more than Treasuries. Indeed, Gary Strumeyer, head of capital markets at Bank of New York Mellon, says munis are no longer in the same rock-solid category as Treasuries, so it's not even...
So I smiled when I visited the website of the Des Moines Register two Fridays ago and found an article by a guy named Hansen about a guy named Hanson. The title, too, was typically Iowan: “Judges, recorder all did their jobs.” It suggested...
For CDSs that back investments in mortgage-backed securities, this is especially potent. There is no way to insure a disaster that in turn causes other disasters. It would be like providing health insurance when one heart attack induces a chain of other heart attacks in the population. Therefore, the...
The $760 million company, which has more than 1,500 locations in the U.S., needs a spark. The recession has forced diners to flee restaurants like Denny's, the Cheesecake Factory and P.F. Chang's and head to either cheaper fast-food joints or the comfort of home. "For Denny...
About five million people, or a quarter of the population of Mexico City's urban sprawl, woke up Thursday with dry taps. The drought was caused by the biggest stoppage in the city's main reservoir system in recent years to ration its depleting supplies. Government officials hope this and...