Word: risinger
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Dates: during 2000-2009
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Even if the tax credit is extended, don't expect it to trigger a quick housing rebound. Although home prices have plunged about 30% on average from their peak in mid-2006, with certain markets in Florida, California and Nevada seeing prices plummet as much as 70%, they haven't...
Strolling through downtown Geneva on a cool October evening, Nadia, a 23-year-old Kosovo native, shakes her head at a provocative poster depicting a burqa-clad woman in front of a thicket of missile-shaped minarets rising out of a Swiss flag. Below the flag, the word stop is...
The issue, which has divided Switzerland, comes amid concerns over a rising anti-Muslim xenophobia in Europe and heated debate in countries such as France and Italy over the banning of other Muslim symbols like the burqa. In Switzerland, though, it's not just the referendum that has angered Muslims...
Then a not-so-funny thing happened on the way to rebalancing: the worst economic crisis since the Great Depression. The Chinese response to sharp declines in manufacturing and exports has been cheered for its effectiveness. Government stimulus spending and loose credit powered the country's economy to an 8.9...
U.S. Federal Reserve Chairman Ben Bernanke has long let it be known that he thinks the imbalances between the U.S. and China contributed to the financial breakdown of the global economy. China's excess savings were sloshing around and needed a home, and profligate America was more than willing to...