Word: financeseated
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As I sat in Sendai, looking warily across the Pacific toward my home country, I shuddered to think America was heading Japan's way. Everyone in Washington knows what problems the nation faces, but there is a Japan-like inability to take the necessary action. The broken U.S. health care...
While community members have faulted the University for not being particularly transparent about its plans for future development and the state of its finances, interviews also reflected a sense of optimism that the appointment of the Allston Work Team—a group created shortly after the University announced that...
Papandreou is certainly raising the stakes. Greece's public finances are in a parlous state, and Papandreou says the government must refinance a large chunk of its fast-growing debt - conservatively estimated at 125% of GDP - or risk defaulting on its loans. He wants E.U. leaders to agree once and...
Now, it is true that credit standards for business lending haven't tightened, as illustrated by the Federal Reserve's monthly loan-officer survey. And as Fed governor Elizabeth Duke pointed out in a speech on Feb. 26, those tougher standards could be having a disproportionate effect on small businesses...
The government's bickering is set against the backdrop of the ongoing economic crisis, which remains the key issue for voters. Germany may be officially out of recession but Europe's biggest economy is struggling to get back on its feet. Unemployment is creeping up and public finances are deteriorating...