Word: downes
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Dates: during 2000-2009
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To be sure, Citi's potential losses in Dubai are not enough to bring down the bank. Citi has $2 trillion in assets. And the Dubai losses look puny compared to huge hits the bank took in subprime lending and the mortgage market in general. But Citi was far more...
These days it is clear that Citi's outlook was much more positive than it should have been. If that's the case in other areas of the world, Citi could be looking at more losses down the road.
The NPD Group, a market-research firm, says the average price for LCD TVs was down 22%, to $535, during the week of Black Friday. Notebook-computer prices dropped 26%, to $500, and unit sales of computers increased a whopping 63%. Prices for netbooks, the lighter, more portable cousin to...
Filmmaker “Dauphin,” (with the scores of the Bourne and Matrix series playing in the background), goes past plastic green lawn chairs (not very glamorous, but hey, it’s a recession, people) and down into a dark chamber. Where there’s...
So McKinley and his friends decided to try a radical experiment. They urged congregants to spend less on presents for friends and family and to consider donating some of the money they saved as a result. At first, church members weren't quite sure how to react. "Some people were...