Word: capitale
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But there is little evidence of belt-tightening in Washington. While the rest of the country switches into austerity mode, there's almost a boomtown feel in the capital, where a federal spending spree is rapidly driving the federal deficit to record heights. For the fiscal year ending Sept. 30...
The fear gnaws at us all, and we start to wonder what risks are acceptable in the pursuit of a story. My decision to visit Sarobi, north of Kabul, began to feel a bit foolish. Since I first started coming to Afghanistan in 2003, I have driven this road scores...
As Harvard begins its week-long sustainability celebration to kick off its new green-house gas reduction commitment, the Environmental Action Committee (EAC) is kicking off a campaign of its own—one that revolves around 1,500 little green cards. The EAC chose well to devote time and...
The mortgage brokers loved these new products because they ensured an endless stream of fees. They maximized their profits by originating as many mortgages as possible, with frequent refinancing. Their allies in investment banking bought them, sliced and diced the risk and then passed them on - or at least as...
Even with the new capital provided by the government, banks won't want to, or be able to, lend as much as they did in their reckless past. Homeowners won't want to borrow so much. Savings, which have been near zero, will go up - good for the economy in...