Word: crediteers
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Leveraging its strong credit ratings—the highest granted by rating agencies Moody’s and Standard & Poor’s—Harvard will issue new taxable fixed-rate debt. Unlike tax-free debt, these bonds can be used for any University expenditure and thus increase Harvard’s cash flexibility, Forst said...
Today is Cyber Monday, the day for shoppers to surf the Web for special deals. As more people feel comfortable making purchases online, Web retailers expect to draw a rising share of holiday purchases. But with the credit crunch and financial meltdown contributing to the massive pullback in spending, will Cyber Monday be an Internet boom or bust? "I would say bust," says Jon Vincent, founder of BlackFriday.info, an online-deal site. Analyst Ken Cassar of Nielsen Online is little more optimistic. "Cyber Monday will likely be disappointing," he says...
...Foreclosures more than doubled in '08 compared to '07, year over year," Zalewski says. Creeping unemployment, tight credit and property devaluation, where the home is worth less than the amount owed on the mortgage, all tend to indicate the problem will only get worse. "Short of a government intervention, I would envision that we continue to grow higher and higher and higher," he predicts. "I wouldn't be surprised if we approached 100,000 [foreclosures"] in 2009, short of government intervention...
...housing is dropping. The Greater Fort Lauderdale area shows a drop in its median condo prices, from $160,000 last year to $115,000 today, according to the Realtor Association of Greater Fort Lauderdale. That's good for those who have money in their pockets or access to credit. While homes in the area may be more affordable, some potential buyers are having trouble coming up with the money to purchase them. But for now, Florida's governor would be happy to help homeowners find a way to afford what they've already bought...
...Yale defensive captain steals the show as the film’s conniving and yet strangely likeable bad guy. He openly discusses trying to intentionally injure Harvard players during the game, and his dirty tactics increase as the Crimson cuts down the Bulldogs’ lead. Bouscaren even takes credit for a cheap shot that he didn’t commit. But his antics seem to always backfire, such as when he draws a flag for a facemasking penalty on Harvard quarterback Frank Champi ’70 that gives the Crimson better field position and allows the team...