Word: downturn
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...effectively behave more like the American Federal Reserve. After all, since the beginning of the write-down debacle in Wall Street, renowned Great Depression scholar and Fed Chairman Ben S. Bernanke ’75 has strongly favored loose economic policy (and a weaker dollar) to mitigate any economic downturn. Interest rate cuts have grabbed most headlines, but more money floating around will inevitably translate into higher inflation. It is only a matter of time...
...Starbucks wants to get its company back on track, it must first realize who purchases its addictive creations [April 7]. I am one of the company's slipping middle-class customers who have felt the nation's recent economic downturn in their wallet. I must justify which is more important, a latte or a gallon of gas? William R. Traxler, PINCONNING, MICH...
...downturn, prompted by unexpectedly high rates of home loan defaults, resulted in the collapse of the investment bank Bear Stearns. The Fed stepped in with a $30 billion credit line to help JPMorgan Chase acquire the beleaguered bank...
...students who had their internships withdrawn. If they work at one of the many non-profit organizations selected by J.P. Morgan, those students will receive their full internship salary, according to Marchiony. Marchiony tried to assure prospective applicants that future recruitment would not be affected by the recent downturn in the market. “Recruiting talented people from Harvard and other top schools absolutely remains one of our biggest priorities,” he said. Marchiony added that the troubles with Bear and the takeover by J.P. Morgan was a “unique situation...
...need a conversation about race. At least not now. What we need is a conversation about money. It becomes clearer by the day that this is not your grandmother's--or even Barack Obama's grandmother's--economic downturn. This time we start with a huge government deficit and record private debt, all run up when times were good and we should have been storing up acorns. This is one that begins with people losing their homes, which is usually the last act of the drama. This is one that is bringing back stagflation--that poisonous combination of economic slowdown...