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...charge-off rate on credit-card defaults could skyrocket to 10% in 2009 - double the average of 5% over the past 10 years - reaching $18.6 billion in the first quarter and $96 billion by the end of next year, predicts an October report from Innovest Strategic Value Advisors, an investment-research firm. "A 10% [charge-off] rate would be unprecedented," says Laura Nishikawa, an Innovest analyst. (Read "Fannie and Freddie Offer New Plan to Help Homeowners...
Established 11 years ago by the governors of 19 states, the virtual university--which is administered from Salt Lake City--has experienced a surge in admissions as more college students look for low-cost alternatives. Enrollment topped 10,000 last spring, growing at a rate of 40% in both 2006 and 2007. (See pictures of the college dorm room's evolution...
...walk the mall, and consumers look like zombies. They're there in person, but not in spirit.' JOHN MORRIS, a Wachovia retailing analyst, on the nation's rising unemployment rate and the disappointing sales figures reported in October by dozens of major stores...
...China A Chinese New Deal? With its GDP growth rate projected to slow from 12% in 2007 to less than 9% in 2009, China announced a $586 billion stimulus to buoy the economy. While much of the spending is not new, the plan is meant to sustain the country's recent prosperity--and reinforce its political stability...
...addition to the index, the study also profiles each of the 130 countries, highlighting data such as the literacy rate, average number of births per woman, and women’s mean age at marriage...