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...answer to the first question is no. Recapitalization needs will likely exceed what the current stress tests suggest since macroeconomic conditions are bound to be worse than the consensus anticipates, making the adverse scenario of the stress tests look mild. At this point in time, banks are still facing well over $1 trillion in losses over the next couple of years, even if low short-term interest rates make new loans very profitable. Moreover, according to RGE Monitor, real U.S. GDP growth will inch back into positive rates only toward the end of 2009 rather than at the beginning...
...TARP capital they have received from the government or the money that they have been asked to raise as a result of the "stress test" process. That leaves the more important issue of what it means when the financial distress of the wealthy and nearly wealthy begins to look like the money problems of everyone else. The country counts on the rich for a large portion of it tax receipts. The new budget assumes that upper income households will pay an even larger part of their earnings each year from now on. (See pictures of things money...
...road that can run on an ethanol blend. Creating the sort of infrastructure that can support electric cars on a mass scale won't be cheap, and it's not a cost that Campbell and his colleagues included in their study. "There's a lot more we have to look at on biomass," says Campbell...
...People are looking for us to be quite visible in some recognizable way,” Kellaway says. “Most people have a stereotypical image of what gay women look like and this doesn’t hold for our community here...
...never faced much discrimination or any problems like that. It was more that I was embarrassed to look differently and have parents from different countries. It took me awhile to learn that it's good to be different and it's important to respect others' differences." - Talking to her local newspaper a day after beating 19 other contestants to become Miss North Dakota (Bismark Tribune, June...