Word: concerningly
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Dates: during 2000-2009
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Could you translate that into your concern for the banks that you insure? We have to get the housing market stabilized, and these loan modifications do need to be done systematically. It's difficult, I'm not going to say it's not difficult. We're seeing this at IndyMac. For a lot of these nontraditional mortgages, income was never verified so as part of the modification process you have to go back and verify income to know how to give them what their affordable payment will be. But it needs to be done. The FDIC did massive loan work...
...lengthy productivity slump beginning in the early 1970s that created concern among economists such as Krugman. Low productivity growth explained much of what had gone wrong with the U.S. economy: stagnant wages, high inflation, ground lost to Japan. But what caused it? The most convincing explanation came from Northwestern University's Robert J. Gordon. In the early and mid-20th century, he argued, the U.S. benefited from a spectacular confluence of technological innovation involving electricity, the internal combustion engine, petrochemicals and communications. By the 1970s the economic impact of innovation in these fields had waned, and nothing came along...
...While the failure of Yamato Life is being regarded as an isolated case and not an indication of an ailing insurance sector, some economists say there is growing concern about Japan's property market and the damage that could be done to the banking system if real estate developers and owners began failing in large numbers. New City Residence Investment Corp. became the first REIT to go under since stocks of property trusts were first allowed to trade publicly on the Tokyo Stock Exchange in 2001. "The major REIT failure last week has affected the regional banks' balance sheets," says...
...High debt levels aren't the only problem with the Macquarie-model funds, according to a tough review by corporate governance service RiskMetrics. It found that the funds also pay too much for assets and charge too much in fees, and that their operations lack transparency. "Our real concern is disclosure," says director Dean Paatsch. "The investment funds are asset vehicles that have outsourced 100% of the assets' management to a third-party company, but the terms ? are not known...
...strong candidates. Several are inexperienced; others are more liberal than their states. Many seemed almost struck dumb when, as gasoline prices soared this summer, Republicans hit on the suddenly popular idea of drilling for more oil. But the market meltdown has replaced $4-per-gal. gas as voters' top concern, and ever since Herbert Hoover, voters have looked to Democrats in economic hard times. "We're not catching a break," laments Nevada Senator John Ensign, Schumer's GOP counterpart who runs the National Republican Senatorial Committee...