Word: medium
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...multiple areas of troubles threatening the banking system," thus staving off what he says would have been a "global depression." Still, he says the contagion and mutation of the crisis from one financial activity to others makes it impossible to know what to expect in macro terms in the medium run. Indeed, Paul Tsang, senior vice president at Polaris Securities in Hong Kong, says he expects the rebound to continue as investors wait to see how the proposed bailout plans affect financial institutions, but that longer-term predictions remain murky. "My initial hunch is consolidation will continue...
What a dire time to launch a new ad platform aimed at small- and medium-size businesses! But that's just what MySpace is doing today, with a roll-your-own ad service called MyAds...
...decide whether this will be a roaring success or a horrible failure. The market MySpace is targeting here - small-to-medium-size businesses - is expected to be the hardest hit by the financial crisis in the coming months and years. They'll have far fewer dollars to spend on marketing and advertising. MyAds is an extremely cheap way to experiment. We'll check back with Davis the Roofer in six months and see how it's going...
...experts in and out of government expect bank failures to accelerate. Banks that are too big to go under, like Citibank and Bank of America, could fail but will stay alive in one form or another - through a bailout or government-backed sale, for example. But plenty of medium and smaller banks are going to disappear or be divvied up by creditors. And the longer Paulson's new capital-infusion plan takes to get up and running, the higher the likelihood of failure will...
...credit crisis is hurting even small Hong Kong businesses, according to Danny Lau, chairman of the Hong Kong Small and Medium Enterprise Association. "Bankers are tightening loans," Lau says. "That will affect most small businesses. Some of them have loans from banks in order to run their operations. Now they will have to tighten up, or they will have to contract in the future." Last week, U-Right, a clothing retailer with about 100 outlets in Hong Kong and another 500 in China, was forced to liquidate after it could not meet bank demands to repay its debts. By Sunday...