How long has the lucky country got? - Financial Times
Australians were not deluged with “liar loans” and subprime detritus. Their greater prudence is best explained by the lack of competitive pressures in the Australian banking system, which is an oligopoly dominated by four large banks.
‘Humiliated’ Bovey to be declared bankrupt - This is Money
It was, by his own account, the hardest thing Grant Bovey had ever had to do. Sitting across the solid oak kitchen table, his eyes welled up with tears as he faced his eldest daughter, Lily, 17, and told her, haltingly, that he was going into
How to Profit From the Rising Dollar - Seekingalpha.com
I notice that many readers are confused about why the dollar is rallying despite the numerous chronic fundamental weaknesses in the US economy. These include: Continued job losses. Until recently, it appeared that at least the pace of these losses
Retirement tips Splitting shares doesn’t change bottom line - Tacoma News Tribune
Ask the Fool: I see that Warren Buffett’s company, Berkshire Hathaway, just split its B shares 50-to-1. Is that good news? – T.W., Chicago A: Splits are usually executed by companies that have been doing well, so in that sense they can be viewed
For Buyout Kingpins, the TXU Utility Deal Gets Tricky - New York Times
IN the fall of 2007, nerves were fraying on Wall Street. Billions of dollars promised to private equity firms to finance an epic acquisition spree were threatened, and banks wanted dealmakers to share the pain. Renegotiate the loans, the banks said
Macro View of Economic Malaise - Seekingalpha.com
many bad loans still carried on lenders’ books and no real program to deal with it, (2) a financial sector clogged with debt that wants to trade instead of lend and no real program to deal with that either, and (3) real estate and related
SPECIAL REPORT: Weak insurers put Floridians at risk - Herald Tribune
Millions of Floridians now bet their homes on property insurers that teeter on the edge of financial failure, a Herald-Tribune investigation has found. These companies look nothing like the Allstates and State Farms that insure the rest of America
Stimulus was necessary - Bismarck Tribune
I think that we can blame someone else for the problems that these United States are experiencing right now. It is easier to blame others. Face it, one of the reasons we are having problems is because we, as a people, over spend our means. Whether
Analysts note signs of economic life on Main Street - Chicago Sun-Times
While the stock market last week was preoccupied with higher claims for unemployment benefits and the fate of the euro, it paid scant attention to evidence that the American consumer is healing. Don’t get too excited. As a patient, consumers still
List of troubled banks grew by year’s end - Pueblo Chieftain
WASHINGTON — The number of U.S. banks considered troubled jumped to more than 700 last quarter even as the industry squeezed out a small profit in a recovering economy. Loan losses and bank failures are likely to continue to haunt the industry as
How long has the lucky country got? - Financial Times
Australians were not deluged with “liar loans” and subprime detritus. Their greater prudence is best explained by the lack of competitive pressures in the Australian banking system, which is an oligopoly dominated by four large banks.
‘Humiliated’ Bovey to be declared bankrupt - This is Money
It was, by his own account, the hardest thing Grant Bovey had ever had to do. Sitting across the solid oak kitchen table, his eyes welled up with tears as he faced his eldest daughter, Lily, 17, and told her, haltingly, that he was going into
How to Profit From the Rising Dollar - Seekingalpha.com
I notice that many readers are confused about why the dollar is rallying despite the numerous chronic fundamental weaknesses in the US economy. These include: Continued job losses. Until recently, it appeared that at least the pace of these losses
Retirement tips Splitting shares doesn’t change bottom line - Tacoma News Tribune
Ask the Fool: I see that Warren Buffett’s company, Berkshire Hathaway, just split its B shares 50-to-1. Is that good news? – T.W., Chicago A: Splits are usually executed by companies that have been doing well, so in that sense they can be viewed
For Buyout Kingpins, the TXU Utility Deal Gets Tricky - New York Times
IN the fall of 2007, nerves were fraying on Wall Street. Billions of dollars promised to private equity firms to finance an epic acquisition spree were threatened, and banks wanted dealmakers to share the pain. Renegotiate the loans, the banks said
Macro View of Economic Malaise - Seekingalpha.com
many bad loans still carried on lenders’ books and no real program to deal with it, (2) a financial sector clogged with debt that wants to trade instead of lend and no real program to deal with that either, and (3) real estate and related
SPECIAL REPORT: Weak insurers put Floridians at risk - Herald Tribune
Millions of Floridians now bet their homes on property insurers that teeter on the edge of financial failure, a Herald-Tribune investigation has found. These companies look nothing like the Allstates and State Farms that insure the rest of America
Stimulus was necessary - Bismarck Tribune
I think that we can blame someone else for the problems that these United States are experiencing right now. It is easier to blame others. Face it, one of the reasons we are having problems is because we, as a people, over spend our means. Whether
Analysts note signs of economic life on Main Street - Chicago Sun-Times
While the stock market last week was preoccupied with higher claims for unemployment benefits and the fate of the euro, it paid scant attention to evidence that the American consumer is healing. Don’t get too excited. As a patient, consumers still
List of troubled banks grew by year’s end - Pueblo Chieftain
WASHINGTON — The number of U.S. banks considered troubled jumped to more than 700 last quarter even as the industry squeezed out a small profit in a recovering economy. Loan losses and bank failures are likely to continue to haunt the industry as