Word: recessional
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The report, issued by Washington's Center for Public Integrity, found that at least 21 of the top 25 firms taking part in the Home Affordable Modification Program, or HAMP, were heavily involved in the frenzied lending that led to the subprime blowup. The firms originated or serviced subprime loans...
See 10 things to buy during the recession.
Toyota's longstanding commitment to stable employment is being challenged by heavy losses the company has sustained over the past 15 months. It lost $7 billion during its last fiscal year, and more red ink is flowing this year. And the recession and the drop in auto sales in the...
Further, GM's decision to leave NUMMI, which wasn't eligible for bailout money, made the plant any easy candidate for a shutdown, since Toyota's plants in Kentucky, Indiana, Texas and Alabama are all newer and nonunion, Cole says. United Auto Workers officials organized a large protest outside the...
But all that misses the point. The goal of the policy was only incidentally to sell more cars or scrub the air. It was mainly aimed at reviving our animal spirits. We'll know, when the history of the Great Recession is written, whether this summer brought the turning point...