Word: newes
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...borrow are often doing so with ease. In Atlanta, Rob Hale didn't have any problem getting a loan. The president and CEO of United Controls International, which tests circuit breakers and fuses for nuclear power plants, actually had banks competing to lend him money to buy a new building. "I've never seen an environment like this," he says. "Banks are clamoring for my businesses." He now has three offers on the table and is going back to each of the banks, which have started lowering interest rates and removing loan covenants in order to win his business...
...reason: Hale's company is in good financial shape and part of a booming industry. Even though the U.S. hasn't seen a new nuclear power plant since 1996, there are now dozens on the drawing board, and the Obama Administration has announced loan guarantees to build new plants. United Controls is also seeing a spike in business from overseas countries such as Korea, Taiwan, Spain and Brazil. In other words, coming out of the recession, Hale's firm is a commodity in short supply: a top-notch credit risk...
...many ways, the tightened credit make sense. We are living in the aftermath of the greatest credit bubble since the Roaring '20s, after all. Standards were too loose and had to change. At the same time, problems at many banks are contributing to the new, more conservative lending stance. Souring real estate loans are driving dozens of banks out of business. Since the beginning of the year, the Federal Deposit Insurance Corporation has taken over 30 failing institutions...
...tunnels. Asked about a recent protest outside a state security center by several dozen Bedouin women who were demanding trials or release for their loved ones, the governor only chuckled and said, "You are a journalist or you are from the human rights [organizations]?" (See "Egypt's New Challenge: Sinai's Restive Bedouins...
...percentage of the population. The Bedouin in Sinai are Egyptian and have been for as long as Sinai has been Egyptian - but that hasn't quieted a modern history fraught with tension and mutual distrust. Cairo has received sharp local criticism in recent months for its construction of a new subterranean barrier along Egypt's Gaza border, meant to cut off smuggling. Analysts say the heightened crackdown on the lucrative underground trade, coupled with years of harsh treatment and sweeping arrests by security forces after terrorist attacks on Sinai beach resorts in 2004 and '06, has increased tense exchanges between...