Word: plan
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...investors are still hanging in. The tourists there certainly had no idea what was up or what was down. Swiss tourists Luca Barmettler and Hodel Ramona, on holiday for the past week, were curious when asked about recent market volatility. They asked if the U.S.'s $700 billion bailout plan had passed. When told it had, Luca was almost Zenlike about the future. Good things take time, he said. "Everything bad happens fast." If the tourists are indicators, Wall Street symbols, at least, appear to be retaining their values...
...regulation still takes place on a national or even more local basis. When banks run into trouble, it's unclear who is supposed to help or how. The favored solution so far - direct government intervention, like the $700 billion rescue package approved by the U.S. Congress or the British plan - isn't an option everywhere. Banks have become so big and so leveraged that their balance sheets can exceed the gross domestic product of the country in which they are based. That's the case in Belgium, the Netherlands and a host of smaller countries, including Iceland, where...
...less likely to run aground than the panic-induced price of credit-default swaps would suggest. But since the demise of Bear Stearns and Lehman Brothers, "people have no idea how sound banks are," he says, so "the whole financial system is locking up." The U.S. government's rescue plan should help, and Weiss thinks there's a fair chance that the busted assets it's buying to prop up the system will rise sharply in value as everything stabilizes. But he's by no means confident that the $700 billion bet will be big enough to do the trick...
Allston residents responded with cautious approval to proposals presented by the City of Boston to revitalize Barry’s Corner and Holton Street Corridor, two key tracts of land in Allston that have stood underdeveloped for decades, at last night’s North-Allston Brighton Community-Wide Plan meeting...
Consultants from the Cecil Group, an urban planning firm that is advising the Boston Redevelopment Authority, unveiled several versions of a plan to turn Barry’s Corner—a large intersection at North Harvard St. and Western Ave. that currently contains only a gas station—into a community hub that contains restaurants, cafes and a park. To illustrate their particular vision, the presenters made comparisons to other lively urban centers that are bordered by institutions, such as Harvard Square and University Park near...