Word: crediteers
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Move over, commercial lending and home foreclosures. The falling number of bank loans is emerging as the No. 1 economic concern of 2010. But while many expect the credit crunch to continue, falling bank loans might not be as bad a problem as many people think...
...policymakers and analysts are worried. In late December, President Obama summoned the heads of the nation's largest banks to the White House to urge them to make more loans to small and medium-size businesses. Federal Reserve Chairman Ben Bernanke too has mentioned in recent speeches the continued credit crunch as an economic concern. (See how Americans are spending...
...fallen by more than $500 billion. Bank loans have been trending down for a while. Worse, most analysts don't see bank lending turning around anytime soon. Paul Miller of FBR Capital says a combination of banks' wanting to take fewer risks and lower demand for credit from consumers and businesses will cause banks to continue to make fewer loans this year than they did last year...
...appropriated by a corrupt bureaucracy. In any event, Saleh's officials have been wary of seeming to do America's bidding. In 2002 the U.S. scored a victory against al-Qaeda in Yemen and promptly spoiled its success. Paul Wolfowitz, Deputy Secretary of Defense at the time, took public credit for a Predator-drone strike that killed a top al-Qaeda figure, exposing Yemeni leaders to domestic criticism for siding with...
...number of critics who felt that the Leader's brand of journalism was salacious. But all agreed that he had brought something totally new to Sri Lankan media. He was threatened, sued and beaten up, and his house was fired at with automatic weapons. Still, he kept going. "I credit him for creating the space for those less courageous than him to work," says Marwaan Macan-Markar, another of Wickrematunge's young hires who now works as Asia correspondent for Inter Press Service. "His regular exposés defined the parameters of free expression in an environment hostile...