Word: recoverers
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The trend is particularly disturbing because of its implications for foreclosures. As house prices continue to decline and more people find themselves paying mortgages above the value of their properties, the risk increases that they'll start walking away in droves. But "you have to be very careful in jumping...
Troubled financial institutions that recruit heavily from Harvard may soon face restrictions on hiring international students if they accepted federal bailout funding. Under a recently passed amendment to the federal stimulus bill, companies participating in the Troubled Assets Relief Program—a government financial-rescue plan implemented last fall?...
Substantial numbers of highly skilled immigrant workers have begun leaving the United States for their home countries, potentially damaging the economy’s ability to recover by removing a key source of talent, suggests a recent study led by a Harvard researcher. Skilled immigrants who have historically stayed in...
How far would seniors go in this economic recession to ensure a job after graduation? Would any of them, say, risk a jump into the freezing Charles River? For one Kirkland House senior, the answer is an emphatic yes. Radford “Rad” Murphy ?...
These optimists are focusing on some surprising data emerging from the Chinese economy. The purchasing managers index (PMI) - a measure of the health of the manufacturing sector - has inched upward since November, indicating that China's important industrial sector isn't decelerating as quickly as it did in the preceding...