Word: markets
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...living. This is something to be excited about.Yes, you read correctly. While it’s a truism to say that the best art has always been created in poorer times, the real gift that all artists today have been given is the opportunity, freer than before from market-driven industry pressures, to answer an eternal question: where do we go from here? For many of the workaday sorts, the answer seems to be “backwards,” or at the very least, “stay put.” In her New York Times blog...
During the banking crisis of 1992, Sweden forced its banks to write down all of its toxic assets, took an equity stake in a handful of the largest banks at the cost of their shareholders, and eventually resold the healthy assets on the public market. Since the government held the reckless banks and their shareholders accountable, some officials say that, after the banks were reprivatized, the total cost of the bailout was close to zero...
...healthy bank assets in the future. Also, we must limit this approach to the banking sector. Not all companies should receive this special treatment—in the automotive sector, for instance, we must strongly consider allowing firms to fail if they cannot compete in the open market...
...relative complexity of our banking system make the model unfit for America. However, only the 19 biggest banks would be up for government receivership. Moreover, keep in mind that the FDIC takes over small banks all the time. Even Alan Greenspan, the image of free-market capitalism as Federal Reserve chairman from 1987 to 2006, has acknowledged that, “once in a hundred years, this is what you do.” Now is certainly looking a lot like one of those times...
...America's middle class is hurting," said Vice President Joe Biden last month when he announced the formation of a Middle-Class Task Force, which will meet for the first time on Feb. 27. The recession, with its job losses, mortgage defaults and stock-market tumbles, has threatened Americans' ability to make ends meet. "It is our charge to get the middle class - the backbone of this country - up and running again," the Vice President declared, and one could practically hear the cheers emanating from single-family homes with two-car garages. But what exactly is the American middle class...