Word: financees
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A lot of the industries in big cities are those that are sensitive to the economy, like finance, retail, manufacturing. Plus, a lot of the cities on that list are state capitals. State-government workers tend to be a little bit more secure than the rest of us. And a...
It's possible that the panic never would have happened if Paulson and Federal Reserve officials hadn't allowed Lehman to fail. Although, given how much criticism they got for their semi-bailout of Bear Stearns in March, it's easy enough to see where that decision came from. Less...
In some ways, Ireland has been a victim of its own success. Rising incomes and government policy failures pumped up a housing bubble that is now deflating fast, hurting Ireland's outsized construction sector. Factor in soaring unemployment, weaker consumer spending and the gummed-up credit markets, and Ireland is...
Such a rebound will be welcomed by the Irish government. Thanks to the fall in tax receipts caused by the housing-market collapse, Ireland's budget deficit is forecast to hit 5.5% of GDP this year - well beyond the 3% limit imposed by Brussels. That has left Dublin little room...
Harvard’s recent wave of Financial Aid reforms include sweeping measures that have allowed students from low-income families to afford an Ivy League education. The Harvard Financial Aid Initiative has eliminated the entire cost of attendance for students whose annual family income is below $60,000. The...