Word: crediteers
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...standards used for the testing may be nearly useless. What if unemployment goes to 12% or commercial real estate loans begin to default at record rates? What if credit card defaults hit levels never reached before? (See 25 people to blame for the financial crisis...
...usually a bad idea to try to explain things that do not make sense. It is counterintuitive that expensive phones should sell well when the economy is shrinking, the credit markets look like a dust bowl, and people are losing jobs...
...status and convenience in two breezy words: Charge it. But in these leaner times, shoppers are thinking twice before pulling out the plastic, even as analysts predict credit-card defaults could total more than $75 billion this year. On April 23, Barack Obama and his economic adviser Lawrence Summers met with credit-card executives to discuss how to control our addiction to plastic--and curb the controversial practices that encourage...
...became known for his articles covering non-western art forms in a serious and intellectual manner, she said. “He’s a man of extraordinary brilliance and compassion with an intellectual wingspan that covers the globe.” Cotter was hesitant to take full credit for the adulation that his work has received. “I don’t consider it a prize to one person,” he said. “It is a prize to the journalism community and the New York Times in general...
...Credit Lincoln for our visceral revulsion at secessionist movements; he committed such eloquence to the argument for the Union remaining whole that to entertain any other notion, whatever the grievance, seems disrespectful to our bravest President and the rights he fought to defend. But what would happen if, after decades of indulging Texas' need to be the biggest and baddest and enduring all sorts of T shirts ("On the 8th Day, God Created Texas") designed to remind the rump 49 of our general inferiority, we called Perry's Lone Star bluff...