Word: economice
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But in the year since the crisis, a number of academics have pretty much refuted nearly every one of those early explanations as being too specific. Some economists have even questioned whether there was a credit crunch. Economic professor René Stulz of Ohio State University, for one, has written...
NASSCOM's Gupta calls the crisis an "inflexion point" that has jarred Bangalore into moving more quickly into markets with higher potential for economic growth. K.R. Lakshminarayana, chief strategy officer at Wipro, says that, with the West mired in "an economic reboot," his company has over the past two years...
Arnold's choice is clear: to protect the state's vaunted higher-education system. In the same week that Schwarzenegger revealed his budget proposal, which calls for deep cuts to health care, social services and public transit, he also proposed a constitutional amendment (yes, another amendment) that would guarantee that...
"If the governor's proposed cuts go through, it will shred the safety net," says Jean Ross, executive director of the California Budget Project, a think tank focused on low- and middle-income families. A recent study by this nonpartisan group found that the state, now suffering 12.3% unemployment, has...
Though some feared the legislature's move would undermine U.S.-Taiwan ties, ultimately beef is a minor issue, says Loh. As China's economic and political clout rises, Taiwan is an important strategic ally to the U.S. "The U.S. will go easy on Ma," he says. "After all, Washington needs...