Word: crediteers
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...score, 2-2.“Two months ago, down 2-0, I think we probably would have folded,” Stone said. “But these kids believe in each other, and they’re capable of coming back. I give them a lot of credit, because it wasn’t easy, and UNH is a very good team.”The Crimson carried its momentum into the third period, outshooting the Wildcats 17-9, but couldn’t find the back of the net. “It’s frustrating...
...Confidence, as many have argued, is crucial during a credit crisis. Derived from the Latin word credere, “to trust, entrust, believe,” credit depends on a threshold of trust to lubricate functioning capital markets. If financial institutions, as creditors, do not trust their debtors—be they individuals, investment funds, or other banks—these institutions will not lend. As the grand dame of economic historians, Anna Schwartz, said in October: “The basic problem for the markets is [uncertainty] that the balance sheets of financial firms are credible...
...Both the 1933 panic and the current credit crisis yield the same message: strong, cooperative leadership from the Fed is the key to inspiring confidence in both consumers and major private sector actors. Like any executive action, this leadership demands rationale—a justification for others to invest. Geithner must look to the failures of his predecessors in order to succeed...
There’s no doubt that a government mandate that each product list its carbon footprint would be ambitious, especially considering the cost and effort of the process. However, a tax credit could be offered to producers willing to publish their products’ quantitative effects on global warming. This would create incentives for many companies in the short run, and a new law could finish the job in the long...
...press conference Tuesday nearly coincided with the briefing that announced the invitation that Clinton extended to Aso to be the first foreign leader to visit the White House under President Barack Obama's administration. "The opposition party is looking to make an opportunity out of this big mistake," says Credit Suisse chief economist Hiromichi Shirakawa. Shirakawa says that if there were economic implications of Nakagawa's resignation, they might be that the DPJ would "push the reset button" on Aso's pending budget proposal, which includes an unpopular hand out of $21.7 billion to the Japanese public. The opposition Democratic...