Word: similarly
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Japan learned how to handle a financial crisis the hard way. In the 1990s, after stock and real estate bubbles imploded, the country experienced a financial debacle similar to the one facing the U.S. today. The result was the Lost Decade. Between 1992 and 2003, Japan's real GDP growth averaged less than 1% a year...
...Other Asian governments faced challenges similar to Japan's during the Asian financial crisis of 1997-98. In South Korea, for example, the government bought bad loans from banks and also injected government money into their balance sheets. Several banks were nationalized. Governments across the region also shut down financial institutions deemed too weak to survive or warrant a government bailout. In August 1997 Thailand closed 42 finance companies. Indonesia closed 16 banks in October 1997, and Korea closed 14 merchant banks that December, according to Merrill Lynch. This separating the wheat from the chaff helped to speed economic recovery...
...world price. "If the price stays there a while Iran would cut spending," Priddy says. That might include cutting heavy gas subsidies for Iranian drivers, who have rioted in the past when the government tried to ration gas or raise the price at the pump. Hugo Chavez could face similar problems in Venezuela if oil prices drop below $75 a barrel - the rate at which the country calculated this year's budget. The problems lower prices could cause in those countries could be more visceral than those posed so far by the current financial upheaval...
...some of their own capital as margin. At the same time, depositors need to be assured that their money is safe. That's why the FDIC moved to temporarily raise the insurance limit on savings accounts from $100,000 to $250,000. Ireland and England have made similar guarantees...
...matched by a divide over how market movers and their publics see things. After the French government pledged to guarantee all money in private savings funds, a poll published Friday by the daily Le Figaro showed 79% of the public expressing confidence in the stability of the banks. A similar poll in Germany found 57% feeling protected by government promises to cover private savings...