Word: nationale
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Beating up on hedge funds or private equity on the tail of a banking crisis is itself a little puzzling. Official reports into the financial crisis - such as the British government-commissioned Turner Review, published in March - assigned such funds only a peripheral role in the tumult. National politicians have...
Amid strident criticism from industry and national governments, the proposals - currently being scrutinized by both the European Parliament and European Council, which represents national governments at the E.U. level - will almost certainly be amended. Sweden's Odell insisted the legislation was "a raw diamond that needs to be polished more...
California is the poster child for dysfunctional state finance. A week past the legal deadline for passing a budget, the state has yet to close a $26 billion hole. State workers are - yet again - being told to stay home. The National Park Service is threatening to take back parks it...
And there could be plenty more pain ahead. Revenues - from income, sales and property taxes - continue to fall. True, states have already plowed through a lot of tough decisions to close the $102 billion shortfall they collectively faced during the last budget cycle. But already it looks like this year...
How quickly other states may hit the wall will largely depend on how quickly we exit this recession. Will we emerge later this year? Not until next? It is easy to find an economist for whatever answer you'd like. That's not nefarious; it's just really hard to...