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Talk to business owners, though, and the picture is a lot more complicated. A poll conducted at the end of last year by the National Federation of Independent Business, a small-business trade group, found that companies were overwhelmingly more concerned about slow or declining sales than access to credit. A full 51% of businesses cited sales as their top concern, while only 8% cited the ability to borrow money. An additional 22% cited uncertainty as their biggest worry. In unstable times, even healthy companies are unlikely to want to take on debt. (See the top 10 bankruptcies...
...Keep Your Fingers Crossed When bubbles finally do burst, recent history has shown, they tend to do so with a bang. Is China, in fact, now at the end of its real estate boom? Many are not convinced. They point to a couple of factors that make China's situation different from that of the U.S. The first is that the real estate sector is nowhere near as reliant on debt financing as it is in the U.S. and much of the rest of the developed world. Consider the complex in which Yang, the cabbie, bought one of his three...
...sophomore certainly held up her end of the bargain. Cao took the first set, 6-4, and battled in a second-set loss, 6-3, setting up a super tiebreaker. Juricova pulled away for a 10-4 win, but Cao proved that she belongs on the national stage...
...sources leaked to reporters that there was a deal, rumors Stupak quickly quashed, saying he was still looking at the language of an Executive Order negotiated with White House Counsel Bob Bauer. It was not till 4 p.m. that he spoke to the press about the deal. "In the end, like the [Catholic] bishops, I wish that we could have had statutory language," Stupak said. "But we only have 44 votes in the Senate and I recognize that we just couldn't get something through. The Executive Order is better than nothing and I have every assurance it will stand...
...whole world waiting?" a reporter joked to laughter as Stupak entered a packed television studio on the third floor of the House of Representatives, hours before the expected vote on health care reform, to announce his decision. Flanked by six other pro-life Dems, Stupak finally brought an end to the suspense: he and his group would vote for health care reform, throwing Democrats over the 216 threshold of votes needed to pass the bill. (See why Bart Stupak opposed the health care legislation...