Word: reporting
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...cost to significantly overhaul the country's rail system. And there are concerns that by spreading the funds to so many different projects in so many different states, it won't be possible to make a real difference in any one place, as Mark Reutter wrote in a new report for the Progressive Policy Institute. It doesn't help that the one region that could most obviously benefit from truly high-speed rail - the Boston-to-Washington corridor - received a mere $112 million in funding, in part because building new track in the congested area would be prohibitively expensive...
...report found that university endowments declined an average of 18.7 percent in the fiscal year ending June 30, confirmation that Harvard has not been alone in suffering large endowment losses—though the average university’s losses have been significantly less severe...
...universities surveyed, the 52 institutions with endowments valued at $1 billion or more reported the largest declines—an average of 20.5 percent—according to a report released yesterday by the National Association of College and University Business Officers. Harvard’s investment losses this past year amounted to 27 percent of the endowment’s total value, or about $10 billion...
...cities jumped 7.8% in December from a year earlier - the fastest increase in 18 months. The credit boom has also sparked worries about the nation's banking system. Many economists expect the large surge in credit to lead to a growing number of nonperforming loans (NPLs). In a November report, UBS economist Wang Tao calculates that if 20% of all new lending in 2009 and 10% of the amount in 2010 goes bad over the next three to five years, the total amount of NPLs from China's stimulus program would reach $400 billion, or roughly 8% of GDP. Though...
...putting its banking sector at risk. In fact, India's banks have remained quite conservative through the downturn, especially compared with Chinese lenders. Growth of credit, for example, was actually lower in 2009 than in 2008. As a result, economists see continued strength in India's banks. A January report by economic-research outfit Centennial Asia Advisors noted that based on available data, "there was no sign that domestic banks' nonperforming assets were deteriorating materially." Nor do analysts harbor the same concerns that India's monetary policies are sending prices of Indian real estate to bubble levels. "India's growth...