Word: recessional
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The Lowdown: This document is the Saw of state-budget reports: a sadistic statistical journey that gets uglier the deeper you delve. In persuasive, insistent language, the authors hoist one red flag after another. They also underline a worthwhile point: for all the grumbling about the deficiencies of the economic...
But in the days since the bank boasted of its profits, the company's stock has fallen nearly 10%, to a recent $2.80. Shares of rivals Goldman Sachs and JPMorgan - both of which also produced profits in second quarter - have risen in the same time. (See 10 things to buy...
During December and January, Harvard completed a $2.5 billion bond offering to bolster its cash reserves, as well as to refinance riskier forms of debt. Several media outlets have suggested that the University held insufficient cash reserves, and Forbes magazine wrote that Harvard had found itself in a "cash-raising...
The recession and the projected 30 percent decline in endowment value have forced Harvard to enact sweeping budget cuts, from laying off workers to slowing down ambitious capital projects in Allston.
But with surprising speed, fear in Asia has swung back to greed as the region shows signs of recovery - and some economists are warning that asset-price bubbles that had been popped by the global recession may be reinflating. Property and stock prices are soaring in many parts of Asia...