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There are plenty of reasons to believe that small businesses aren't getting the credit they need. In the last three months of 2009, business lending at smaller banks, which tend to cater to smaller companies, was down at a 13% annual rate, according to the Federal Reserve. Not only are loans harder to come by, but they're also more expensive. That has the potential to slow down economic recovery, since firms that can't borrow often can't expand. Policymakers have responded with a number of programs to boost small-business lending, including an Obama Administration proposal...
...division duo of senior skipper Liz Powers and sophomore crew Marie Appel outdid their A-division counterparts, as the pair took home a fourth place division finish, claiming three victories amongst the 17-school field...
...month, Bedouin killed two policemen and freed suspects who were on their way to a court hearing. And in November, clashes injured 11 police officers when they tried to seize cement bound for the Gaza tunnels. (There is precedent for worse: in November 2008, violence erupted after police killed three Bedouin during a protest; Bedouin retaliated by kidnapping 25 police officers and overrunning a police post. In 2007, Bedouin protesters set fire to the ruling-party headquarters in Al-Arish.) (See the line of political succession in Egypt...
Israel occupied the Sinai Peninsula from 1967 to 1982, and despite a cold peace between the two states for the past three decades, intense animosity toward the Jewish state continues to dominate the Egyptian national consciousness. To the authorities of North Sinai, then, the sheer notion that there were Bedouin willing to side with Israel over Egypt constituted nothing short of the most serious treason. "Journalists should depend on official sources," declared Mosaad Arug, a member of the North Sinai local council, in a meeting convened to confront TIME's reporter about the story. "The people...
...Segal, president and CEO of the Americas Society and Council of the Americas in New York City, says, "We don't know yet if we should be taking [CELAC] seriously." But she too points to fledgling "cross-Latin investment" as a key trend that the organization could further. "Even three or four years ago, Latin American businesses were nervous about investing in each other's countries," Segal notes. "Now they see they need to cross each other's borders" to create enough growth to compete with blocs like...