Word: crediteers
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...since their cash flows have slowed to a trickle, their direct-mail marketing campaigns have all but dried up. Mortgage direct mailings declined 57% from the first quarter of 2007 to the first quarter of 2008, according to the Chicago-based mail and advertising tracker Mintel Comperemedia. And credit card offers by mail sagged 28% from the third quarter of 2007 to the third quarter of 2008, dropping to their lowest point in more than three years. (See the top 10 financial-crisis buzzwords...
...make the same mistakes. We're not going to let the banking system collapse; nor is anyone going to impale their economy on a fixed exchange rate; nor are we going to raise taxes in the middle of the depression. And we do have the IMF keeping international credit moving...
...other end. That happened in 1932. By 1932, the Fed finally realized it had to do something, and there was a very large open-market operation - basically, buying bonds - and recapitalization of the banking system, and that stopped the run on the banks temporarily, but credit continued to decline...
...Though greens were hoping for an even larger area, taken together, the marine monuments will mean that President Bush - perhaps the least environmental President in U.S. history - will have protected more of the ocean than anyone else in the world. "He deserves a huge amount of credit for this," says Jay Nelson, director of the Pew Environment Group's Global Ocean Legacy Program, which has long lobbied for the protected areas. (See pictures of the world water crisis...
...sales analyst for Ford Motor Co., as consumers reacted to last year's spike in gasoline prices. Truck sales made a modest comeback during the fourth quarter, in part because fuel prices had dropped and truck buyers (a group that includes many small-business owners) had better access to credit than buyers of more fuel-efficient passenger vehicles, automakers...