Word: economice
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Under the Emergency Economic Stabilization Act (EESA), which was passed by Congress in October 2008 and which set up the $700 billion bank-bailout fund, the Treasury Department has the ability to officially deem which firms are receiving exceptional assistance from the government. At issue is executive pay. EESA requires...
Those fears were abundantly evident in a recent Conference Board report showing that consumer confidence took an unexpected dip, sliding 11 points in February, and the present-situation index, which measures consumers' opinions on current economic conditions, plunged to its lowest level in 27 years. "People are scared," says Herzberg...
Between 430 and 450 biotechnology companies are headquartered in Massachusetts, according to Peter J. Abair, Director of Economic Development at the Massachusetts Biotechnology Council.
It’s beginning to look like the Fates had it in for Greece. Of all the eurozone countries, it has been hit hardest by the global recession. Even as the rest of the world begins to recover from the recent financial crisis, interest rates on Greek debt have...
What may seem like a rather isolated problem is really much more. Ever since the EU, with Germany at the helm, ushered in the Euro in 1999 (some say hastily), the fiscal collapse of any one eurozone country has had the potential to erase confidence in the common currency that...