Word: recoverers
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"There are a large number of community banks that were very active in commercial real estate lending," says Robert Hartheimer, a Washington-based banking-industry consultant. "To the extent that the economy does not recover for a while, these types of loans are going to put a lot of stress...
Child-abuse scandals involving priests are not new in Ireland. A series of high-profile pedophilia cases in the 1990s helped bring about the collapse of a government and, together with the country's economic boom, severely diminished the Church's long-held influence over Irish society. The findings of...
Of course, different types of commodities will react differently as the global economy improves, based on their own specific supply-and-demand conditions. This makes timing a turnaround complicated. Rogers says he expects commodities prices to be among the first to rise, out of all asset classes, when economic growth...
But at 16 months and counting, this recession looks more and more U-like--one in which a rebound takes time. That's the picture Roubini is painting. He says no amount of government stimulus can make us shoppers again--we have too much debt. When paychecks resume or start...
When times are good, California's diverse economy generates ample tax dollars, especially from income taxes on high earners. But when times are bad, the state's overreliance on income taxes can push the state's finances quickly into the red. Whatever the outcome of Tuesday's vote, Californians are...