Word: financees
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Jeremy Siegel, professor of finance at the Wharton School of the University of Pennsylvania, says the Fed's actions this week - effectively lending a trillion dollars into the financial system - may have a more dramatic immediate impact. "Given what the Fed is doing now, I wonder if we even need...
The credit crunch is also crunching funding for new clean-energy projects. When the global economy was surging over the past several years, fossil fuel prices were surging as well; the cost of oil exceeded $150 a barrel at one point this year. The economic slowdown has shrunk those prices...
Legislation that will allow the Treasury to use $700 billion to help institutions in distress is also potent proof of the crisis’ gravity. Betting on the decline of selected financial firms’ stocks, known in finance as “short-selling,” is now...
There was a modicum of cooperation on Tuesday, when E.U. finance ministers, meeting in Luxembourg, agreed to increase the minimum value of deposits guaranteed by member states to $68,000, from a previous floor of $20,000. But beyond that, there appeared little movement toward international coordination. On Monday Germany...
German officials say the guarantee was necessary to shore up confidence, not least because Germans hold a higher proportion of their savings in banks than citizens in many industrialized nations - and they still harbor a deep collective memory of the perils of economic uncertainty from the interwar years of the...