Word: firmness
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Dates: during 2010-2019
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...Available credit for the U.S. is receding and that's the economy's real lifeblood," says Christopher Whalen of research firm Institutional Risk Analytics. "This is a disaster...
Bank analyst John McDonald of Wall Street firm Bernstein Research says most people are focused on how the lack of loans will hurt bank earnings. Lending is, after all, how banks make money. But in the past year or so, banks have had to sock away more and more cash into their reserves to account for their growing number of bad loans. That's caused earnings to plummet. With loans falling, reserve ratios - the measure of reserves to loans - are growing. That means banks will be able to divert less profit into those rainy-day accounts, which should boost bottom...
...Saudi branch to form al-Qaeda in the Arabian Peninsula (AQAP). Led by Naser Abdel-Karim Wahishi and Saeed Ali Shehri, a Guantánamo detainee who was released in 2007, AQAP may constitute 200 core members supported by thousands of locals. Terrorism experts worry that with a firm footing in Yemen, al-Qaeda can coordinate with Red Sea pirates operating from Somalia and eventually reach the Suez Canal - or launch attacks in Saudi Arabia and the other Persian Gulf countries. "Anyone who has been to Yemen knows that automatic arms, explosives, even rockets are sold out in the open...
...donated $1 million. Japan accuses its activist crew of shooting dangerous, high-powered lasers at its crews. Sea Shepherd, on the other hand, says the crew has been shot at with sonic guns and water cannon. Paul Watson, founder of Sea Shepherd, even claims the ICR's public relations firm hired a spy plane to follow its ships...
...Very poor choice. Bernanke and his ilk should be replaced with officials unconnected to Goldman Sachs - a firm that now practically runs the country. Maybe they'll have the interests of the people at heart. Bob Paolini Denver...