Word: crunchingly
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...there is more than just the Los Angeles fire for the state to worry about. A string of major wildfires has hit California over the summer. Addressing reporters on Sept. 3, Governor Arnold Schwarzenegger tried to sound reassuring, "Even though we have a budget crunch and we have an economic crisis and we just solved a $23 billion deficit, we will always have the money available to fight the fires because public safety is our No. 1 priority...
...Lowdown: For the most part, the study hits the same notes we've been hearing throughout the recession: men have been feeling the employment crunch worse than women; students are riding out the downturn by staying in (or returning to) school; and old folks are deferring retirement, making it harder for those under 25 to snag a real job. But Pew carries the usual tropes a step further, taking a valuable, in-depth look at gender discrepancies that may shed some light on why women are weathering the storm and men are mourning their lost jobs...
...back." Donnelly, along with fellow Indiana Rep. Mark Souder, say boats and RVs have the same financing challenge as the auto industry. Many auto dealers had their financing yanked, forcing some out of business. Traditional lenders like GMAC aren't as available to boat dealers due to the credit crunch, and the SBA is there to "fill the void," Matz adds. The loans will range between $500,000 and $2 million for the pilot program, approved at least through Sept...
...Washington there are bailouts to be had for banks and car companies, but what about Portland's Oregon Ballet Theatre? OBT's 20th anniversary season is around the corner, but its budget has dropped 28%. It's hard to celebrate in style when faced with a "very serious cash crunch," says executive director Jon Ulsh. And it's forcing arts groups to be ever more creative about where and how they look for support...
...incipient bubble is being created by government policy. In response to the global credit crunch of 2008, policymakers in Asia slashed interest rates and flooded financial sectors with cash in frantic attempts to keep loans flowing and economies growing. These steps were logical for central bankers striving to reverse a deepening economic crisis. But there's evidence that too much money is now sloshing around. It's winding up in stocks and real estate, pushing prices up too far and too fast for the underlying economic fundamentals. "We're not in a full-blown bubble yet," says David Cui, China...