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Comments by JP Morgan got to the heart of the issue of why the latest figure is not a bottom. According to MarketWatch the firm said in a note, "The government's rapid easing of credit and rollout of infrastructure projects has bolstered FAI, helping offset decreased investment by export manufacturers and property developers." The US faces the same problem with its stimulus package. If it does not catch hold quickly unemployment, falling housing prices, and lack of access to credit will overwhelm the money being pushed into the economy by the Administration. (See pictures of China's electronic waste...
Bank investors has been waiting to see if there is another shoe to drop in the chain of troubled earnings reports. The firms may face more write-offs of toxic assets and pressure from the deteriorating chances that consumers can pay their credit card bills, but commercial real estate may eclipse those problems as the year wears...
...concentrator you’d better have a deep appreciation for the who, what, when, where, and why of what you’re reading. One of the great things about the concentration is that it allows you to sample many extra-departmental courses and count them for concentration credit. As the oldest Harvard concentration, Hist & Lit tends to kick it old school, with a heavy emphasis on tutorials, small classes, and personal attention for concentrators. A less fortunate aspect of the old school method: lots of hard work. An application is required to enter the concentration; other requisites include...
...Today, SAE has 92 members, including this year's 38 pledges, all of whom registered on the group's Facebook page. SAE's Carson, a 20-year-old sophomore from Dallas, says of recruiting new members: "It all starts with some sort of introduction, and that's where I credit Facebook, making that first introduction, being the icebreaker." Overall, fraternity memberships at CU are up 65% since the organizations moved off campus in 2005. "We just finished a huge rush last fall," Stine says. And came in under budget, too. "When we did the post-market analysis and asked...
...larger point is that in most cases, damage done to the power supply can be undone. "In the banking system, if someone hacks the system and steals information about 500,000 credit cards, it's incredibly tough to undo that damage," says Mansoor. "But if a section of the power grid goes down, we start it up again...