Word: crunch
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...other words, the real small-business credit crunch may be yet to come...
...recent crunch came when Westerwelle launched a blistering attack on Germany's cherished welfare state, criticizing handouts for the long-term unemployed. Raising welfare benefits smacks of socialism, Westerwelle wrote in the daily Welt newspaper on Feb. 11. "Whoever promises the people effortless prosperity encourages late Roman decadence." The FDP leader went on to argue that those who work should always get more than the unemployed and that young jobless Germans should take up community work like shoveling snow. (Read: "Guido Westerwelle: Angela Merkel's Unlikely Partner...
...credit to get home loans. The subprime home loan market peaked in 2005, according to the publication Inside Mortgage Finance. That year, thousands of lenders and mortgage brokers handed out $625 billion in mortgages to borrowers with low credit scores, which is generally anything below 650. The credit crunch, though, put most of those firms out of business. Last year, financial firms made just $4 billion in home loans to people with poor credit. That number excludes loans backed by the Federal Housing Administration (FHA), which traditionally has helped troubled borrowers get mortgages...
Romance Languages and Literatures concentrator Marco Chan ’11 said that although the format of second-round interviews was well-publicized, he found the time crunch between the first and second round to be challenging. For one firm he interviewed with, the first-round interview was on Monday and the next round was on Friday...
...could, but prepared to send in troops when it had to. Brussels would lead the fight against climate change. And Europe's economies would prove to the ruthless free markets of North America and Asia that the social market still offers the best way out of an economic crunch...