Word: crisises
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But the only green shoots that many non-Wall Street types have seen lately are the weeds sprouting in the parking lots of abandoned malls. Unemployment is marching toward 10%, and house foreclosures are still rising. If you're a day late with your credit-card payment or overdrawn by...
In the real world (outside New York City), a bonus is generally a payment for extraordinarily good performance. But on Wall Street, what's called a bonus is generally part of base pay. That's especially true for worker bees, who far outnumber CEOs. (The word bonus is a remnant...
See pictures of the global financial crisis.
Speaking at MIT on Oct. 26, President Obama besought MIT students and students at colleges all across America to tackle the “challenge of their generation” by pursuing research in alternative fuel sources and technologies and other methods of combating climate change and obtaining independence from...
Obama raised expectations after taking office by promising the region speedy movement toward settling the Middle East's most toxic conflict. So far, the Administration's efforts have produced precious little progress - and unfortunately for Obama, the Palestinians may no longer be waiting for Washington to do more to press...