Word: financees
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Americans have a long, sordid history with borrowed money. In Collateral Damaged: The Marketing of Consumer Debt to America, Charles Geisst, a professor of finance at Manhattan College, takes us through the centuries to explain how we wound up at our most recent - and spectacular - credit bubble. TIME's Barbara...
Why didn't lenders better capitalize on our speculative bent sooner? Our banking system was never national. In fact, it wasn't even retail in the 19th or early 20th century. The banks that were capable of doing the most lending to individuals didn't actually do it. We had...
As in the previous trial, confessions were recited. Rassam, the British embassy's most senior Iranian employee, admitted to his involvement in the plot, according to IRNA, one of the few state news agencies permitted to attend the closed proceedings. He said the embassy had a budget of $500,000...
It appears that the Senate Finance Committee is planning to go along with the White House-drug industry arrangement. With the White House and Senate siding with the drug industry, the House will face an uphill battle when the two versions reach a conference committee. Still, Waxman vows, "I think...
Export-control officials dispute the experts' estimate that up to 50,000 cars that should have been scrapped may have actually been sold. But there is no statistic to prove or disprove the claim. The cases that are known, such as the cars recently discovered at the Hamburg port, have...