Word: economice
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Move over, commercial lending and home foreclosures. The falling number of bank loans is emerging as the No. 1 economic concern of 2010. But while many expect the credit crunch to continue, falling bank loans might not be as bad a problem as many people think.
"If the economic indicators were not recovering, then bank lending would be prime culprit," says top Wall Street strategist Edward Yardeni. "The weak borrowing market just doesn't seem to be stopping the economic turnaround."
Nonetheless, many policymakers and analysts are worried. In late December, President Obama summoned the heads of the nation's largest banks to the White House to urge them to make more loans to small and medium-size businesses. Federal Reserve Chairman Ben Bernanke too has mentioned in recent speeches the...
That's why managing expectations down seems a sensible step. Perhaps, if the U.S and its allies play their cards right, with a regional plan to expand economic development in Yemen and coordinate security, the sort of disaster seen in Afghanistan and Somalia can be avoided. "We've seen this...
Sri Lanka will hold its first postconflict presidential election on Jan. 26, in which Rajapaksa faces a stiff challenge from his former army commander, Sarath Fonseka. There has been some spirited journalism published during the campaign. On Dec. 13, the Sunday Leader carried an explosive interview with Fonseka in which...