Word: creditably
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...banks have to handle massive portfolios of business, real estate, and consumer loans - especially credit cards. That fact seems to have been lost on investors buying bank stocks during the last week. Most money center banks have substantial exposure to debt in Eastern Europe. A lot of that debt may go into default if the economies of the small countries in that region fall apart. They do not have institutions like the Federal Reserve to flood their countries with liquidity. (Find out 10 things to do with your money...
...large part of the money that was made by banks and investment banks from 2004 through most of 2007 was made from mergers and acquisitions. When the credit markets fell apart, the financing for these deals disappeared. Then the economy got so bad that buying companies became secondary to staying in business through the downturn...
...economy is a factor that governments have largely ignored: a slump in trade. The flow of imports and exports has actually contracted more dramatically than the world economy as a whole, because its lifeblood, private-sector trade finance, has dried up. This is fixable, since most governments have export-credit organizations dedicated to trade finance. Governments should instruct them to jump-start trade flows until private sector financiers return...
...heartening to see that at a time when so many things - credit, confidence, consumer demand - are in short supply, our political leaders are still able to muster such bounteous supplies of outrage. Outraged people often do dumb things, though, and my initial reaction to the many declarations of fury was to roll my eyes and mutter something about this being a trivial distraction from the Important Things we need to be dealing with. (I suspect that similar sentiments on the part of Geithner and Summers largely explain their politically tone-deaf handling of the bonus affair.) (See 25 people...
...have dropped dramatically since the early 1990s. Over the past 15 years, teenagers have had less sex than previous generations had, and they have been more likely to use protection when they have had sex. Activists on both the right and the left have happily stepped forward to claim credit for the developments. Conservatives see lower rates of sexual activity as a direct result of abstinence education. Meanwhile, liberals attribute greater use of birth control to better education about and access to contraceptives. (In fact, researchers think fear of STIs--especially HIV--and a natural correction from high rates...