Word: crediteers
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...Brown did a good job limiting our real solid opportunities,” Donato said. “I thought Brown did what they needed to do. They hung around and they played and I think they deserve a lot of credit...
...wants to create 5 million new green jobs - but it's impossible to say how many of those jobs will be new, and how many will be simply shifted over from older, less environmentally friendly industries. And with the economy in free fall, green companies are struggling with credit and balance sheet problems just like their gray peers. Clearly, that has an impact; at the Columbia Fair, the number of organizations present was down a bit from the previous year, and many were more interested offering internships than full-time employment. "People with a lot of experience are looking...
...some analysts buy the government line and argue that the worst may be passed. "Generally, there is hope that Russia can come out of the turbulence a lot faster than the rest of the world," says Richard Hainsworth, CEO of RusRating, a Russian credit ratings agency. "There is a light at the end of the tunnel, and whilst severe recession-related problems remain, they appear manageable. In the financial sector, a turn-around is beginning to be seen." (See pictures of the global financial crisis...
First it was a “credit crunch,” then it was an “economic crisis,” and now a “global economic downturn.” But, with Japan in recession, Europe in recession, and the U.S. in recession, it is high time we face our fears: We are living through a global recession. Still, the worst may be yet to come—if policymakers continue to push for short-sighted economic nationalism, they will make sure this becomes the worst bogeyman of them all: a global depression...
...fight the economic crisis with monetary and fiscal measures. On the monetary side, even prudish authorities like the European Central Bank have joined the U.S. Federal Reserve and the Bank of England in slashing interest rates to create incentives for lending and borrowing. Amidst what started as a credit crunch, this was an essential step toward keeping economies afloat when trust suddenly evaporated not only for risky assets, but also for credit-worthy corporations...