Word: crediteers
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...elephant in the room: the downward spiral of economic activity, including last week's chilling November employment report, which showed 533,000 more people out of work - "one of the worst ever," according to Morgan Stanley economist Ted Wieseman. As the various industry bailouts - banks, auto companies, credit unions and, next, states - seek to reassure investors, collectively they confirm just how bad things...
...TARP. In particular, the oversight board said it was important for Treasury to institute a method to determine whether the banks receiving government funds are using the money to make loans. "American taxpayers need to know that their money is having a tangible effect on improving financial stability, credit availability, and the economy as a whole," the oversight board wrote. "Treasury needs to provide a detailed assessment of whether the funds it has spent so far have had any effect - for better or worse - in these areas...
...Russia was supposed to replace poverty and money worries and grumbling mothers with places like Rusfinance, a Moscow call center that transports you from the gritty streets and auto-parts stores outside into a world of cheery beige furnishings, swirling red-and-gold patterns on the walls and easy credit. Here, 450 people - mainly women in their 20s - sit side by side in booths and field calls from Russians wanting to borrow money. Most of the time the answer they give is a resounding yes. Owned by the French bank Société Générale, Rusfinance...
...justice department would do well to remember that what goes around, comes around. The witch hunt against UBS and Credit Suisse in the present economic climate will surely come back to haunt said Justice Department. America, like Germany, should stop whining and sort out its own taxation system so that citizens are not tempted into tax avoidance. Surely, the practice of some of the biggest U.S. banks of selling junk papers to unsuspecting clients, many of whom are pensioners, is far more despicable. The U.S. authorities must be aware that European investors who have been cheated in this fashion might...
...integrity of having students carve their own path for the exploration of a new area of interest.In addition to considering solutions for accommodating more applicants, professors still continue to grapple with other ways in which the program could both improve and progress.While professors including Mitchell have suggested granting concentration credit for seminars—a policy already practiced in certain concentrations—Rohse said the Freshman Seminar Program must find a way to integrate itself seamlessly into the new General Education curriculum.Naddaff said that these curricular initiatives, and others they are spawning, may limit the growth of the program...