Word: lending
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...decade. That's when a widespread banking crisis led to a credit crunch, an economic slump and eventually interest rates that were lowered to zero by the Bank of Japan. Even so, Japan's banks, which were in the process of repairing their balance sheets, were extremely reluctant to lend. Thus, even though interest rates were low, the economy weakened. Prices for pretty much everything declined, following a bust in the real-estate and stock markets in Japan. The country entered a decade of stagnation. (See pictures of the Top 10 scared traders...
...quarter ago, inflation was above the Fed's comfort zone of 2% to 3%. "Compared to Japan's problem a decade ago, this crisis is unfolding much faster and spreading wider due to financial globalization," says Shanghai-based independent economist Andy Xie. A financial system unable or unwilling to lend, a tapped out U.S. consumer, and business now retrenching - and laying people off - all are a formula for possible deflation. What's so wrong with declining prices? For one thing, it makes the real cost of paying off debt that much higher - and for American consumers in hock...
...Barack Obama, on the other hand, does not lend himself to parody. The good-looking golden boy who inspires with his oratory and swishes threes on the basketball court can be pretty difficult to mock...
...untraditional—scholarship is undesirable is one fundamentally opposed to the ideal of academia, which has proven most influential when it has pressed conventional knowledge to its limits and challenged traditional ways of thinking. It is perhaps true is that the trend of academic scholarship today lends itself to progressive thinking, as postmodernist and poststructuralist analytical frameworks inherently lend themselves to a liberal view of the world. Taking nothing for granted, these styles of teaching encourage critical approaches to the establishment (whether conventional scientific wisdom or the literary canon). The underlying philosophy is analogous to loose judicial interpretation, which...
...Analysts say government officials are trying to keep a wave of business failures in the property sector from engulfing the larger domestic economy. Commercial and residential real estate markets in Japan are slumping, and with banks reluctant to lend, developers, contractors and other property companies are increasingly in peril. On Oct. 9, New City Residence Corp., a real estate investment trust, went bust, becoming the first REIT to fail since the trusts were allowed to sell stock to the public. "Property developers could face more bankruptcies if banks continue their severe attitude," says Masahiro Mochizuki, a REIT analyst at Credit...