Word: crediteers
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...Russia's richest man. It is also playing an increasingly intrusive role in the private sector. At a meeting in Moscow on Nov. 25, for example, Igor Shuvalov, Putin's First Deputy Prime Minister, told the nation's major retailers that the Kremlin would ensure they gained access to credit on condition that they demonstrated "social responsibility" by not raising prices...
...before you whip out your credit card to sign up for the site, check the free portion to see if it covers the industries you're targeting. Here are a few other important things newly unemployed execs should keep in mind...
Although you'd think that eBay's flagship marketplace business, a site where people go to buy and sell stuff, would flourish in a downturn, it has stopped growing. It's still unclear how badly the credit crisis and buying slowdown will affect an e-commerce value site like eBay, which does half its business outside the U.S. During the 2001 recession, eBay's marketplace continued to thrive because of its Web dominance and discounted goods. Whitman at the time even crowed that "eBay is to some extent recession-proof...
...prescient 1999 book, the author shows how the Asian and Latin American financial crises of the 1990s foreshadowed the current situation and argues that the rise of unregulated financial institutions--or "shadow banks"--since then has been the real problem. The solution: Policymakers around the world need to "get credit flowing again and prop up spending." Until that happens, though, it's time to hunker down and "relearn the lessons our grandfathers were taught by the Great Depression...
...When I became Treasurer of the Undergraduate Council last year, one of the first issues that arose was whether or not the UC should invest its money outside of the Harvard University Employee Credit Union. In retrospect—now that we have seen our economy so negatively affected by the current financial crisis—I’m glad we decided we were not expert enough to risk gambling with student money. When University President Drew G. Faust announced that the value of our endowment had dropped precipitously by 22 percent since its June 30 estimate...