Word: recessional
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Months of speculation came to an end on Tuesday afternoon as Japan Airlines (JAL), the country's 59-year-old flagship carrier that once symbolized the strength of Japan Inc., filed for bankruptcy with two of its subsidiaries. Weighted by debts estimated at $25.6 billion (2.3 trillion yen), Japan Airlines...
The residential real estate bust has been a slow-motion wreck too. (It started in 2006!) But the commercial meltdown will take even longer for two main reasons. One is that while commercial real estate lenders certainly got sloppy during the boom, they didn't go utterly crazy the way...
Kudos to Bernanke for blunting the recession both in the U.S. and around the world. Critics are a dime a dozen, but the Fed chairman's visionary innovation is worth a million times his weight in gold. Innovation such as this is the only path out of our current economic...
Harvard’s money managers have said in the past that maintaining the University’s “AAA” credit rating is one of their top priorities. Though many colleges and universities, including Dartmouth, have seen their credit ratings downgraded due to fallout from the...
Not only would malaria eradication save millions of lives, it would also free up many countries from the crushing costs of dealing with the disease - costs that make economic growth impossible. The American economy, when it is not in recession, has typically grown about 3% per year since the 1970s...