Word: economice
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But while the number of bank loans is falling, the well of credit for corporations is far from dry. In fact, the 22 largest banks in the Treasury's Troubled Asset Relief Program issued or renewed $127 billion in business loans in November, roughly the same as five months ago...
Finally, unlike the stock market or consumer confidence, bank lending is a lagging indicator. Businesses look for loans to expand once the economy is growing and orders are coming in again. And banks, since they get hurt so badly in recessions (particularly this one), become very risk-averse at the...
Jensen, the second recipient of the award since its creation in 2008, will donate the $200,000 cash grant to HBS, the National Bureau of Economic Research, and the Simon Graduate School of Business at the University of Rochester, where he was a faculty member from 1967 to 1988.
Jensen, who could not be reached for comment, will donate $150,000 to the National Bureau of Economic Research, and $25,000 each to HBS and the Simon School of Business.
With these public fears in mind, Ma's party lawmakers, who have the legislative majority, joined the opposition this week to pass the controversial amendment. The U.S. immediately expressed its disappointment, saying the move "undermines Taiwan's credibility as a responsible trading partner." Upcoming bilateral trade talks, originally scheduled for...