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That's actually when we might start to see a problem, according to Raj Date, executive director of the Cambridge Winter Center for Financial Institutions Policy. In congressional testimony on March 2, he made the case that as the demand for loans from creditworthy borrowers picks back up, there might...
Nor, among home buyers in China, is there a significant amount of debt financing. According to Patrick Chovanec, a professor at Beijing's Tsinghua University who studies the Chinese real estate sector, only about 50% of residential purchases are made using mortgages. The other half are paid for in full...
Another critical factor underpinning the residential real estate market is formed by the psychology of the Chinese home buyer in combination with regulatory restraints on what they can do with their savings. Just 34 years out of the chaos of the Cultural Revolution, and less than 15 years down the...
"We have explored every financial scenario before taking this action, but more than 80% of our budget goes to salaries and benefits, which forces today's drastic measures," said McCoy. With annual court budget deficits expected to be as high as $140 million over the next four years, court officials...
Abortion has been one of Stupak's chief issues in public office: he is a leader of the group Democrats for Life. A former Eagle Scout, Stupak's Catholic faith has always been important to him. His religiosity only deepened after his son, Bart Jr., committed suicide in May 2000...