credit crunch

UK Autism: Chancellor Alistair Darling urged to help the poor

Autism News — Tue, 21 Apr 2009 11:42:50 -0500

A British charity, the UK Autism Foundation has appealed to the Chancellor of the Exchequer to reach out to families with autism who are below the poverty line in his second budget, on Wednesday 22nd April 2009.

Telegraph's Charles Moore CriticisesGordon Brown's Leadership

Margaret Wilde — Sat, 07 Mar 2009 06:34:50 -0600

Charles Moore of the Telegraph criticises the leadership of Gordon Brown, Britain's Prime Minister, and the consensus of expert opinion that has so greatly damaged the UK's economy.

Year In Scandals: Forgotten Stories From the Market Meltdown

Armen Hareyan — Wed, 31 Dec 2008 09:55:00 -0600

How did billion become the new million? Well, that's the trillion-dollar question. And as the year comes to a close, everyone is looking backwards to figure it out. But in the deluge of financial news this year, many stories are bound to get overlooked. So here are three of this year's forgotten scandals from the subprime mortgage crisis and the subsequent market collapse:

How to win in the credit crunch and keep customers happy

webitpr — Tue, 02 Dec 2008 11:35:34 -0600

Telephonetics VIP, a leading provider of speech recognition and intelligent customer interaction technology, surveyed attendees at Call Centre Expo [1] to ascertain how they are going to exit the current economic climate in a stronger position. Loud and clear, we heard that focus on the customer is key. The winners will be those who strive to keep their customers happy, whilst also trying to save money.

AIG To Absorb $5 Billion in Losses From Securities Lending

Armen Hareyan — Fri, 27 Jun 2008 08:46:11 -0500

AIG plans to absorb $5 billion in losses for a dozen insurance units after their securities-lending accounts suffered $13 billion of write-downs related to subprime-mortgage exposure. AIG will also inject an undisclosed amount of capital into some of the subsidiaries. Investors, in general, never want to see the words "undisclosed amount of capital" in a press release.

AMEX: credit conditions continue to worsen

Armen Hareyan — Thu, 26 Jun 2008 13:33:13 -0500

American Express announced intra-quarter guidance today saying that the company would be impacted by worse-than-expected credit conditions. They expect their business to be impacted as economic activity slows and consumer late-pays and credit defaults on AMEX cards continue to mount.

Global Credit Crisis Accelerates Capital Inflow To Asia's Real Estate

ruzik_tuzik — Wed, 25 Jun 2008 01:23:06 -0500

A report released by KPMG, FTSE Group ("FTSE") and Asian Public Real Estate Association ("APREA") today states that the credit crisis in the U.S. and Europe has put pressure on the decade of sustained growth in global real estate. On the other hand, the report observes the inflow of capital to Asia's real estate market is accelerating off the back of a prolonged period of steady growth which is powered by a combination of opportunistic and increasingly longer-term investments.

MBIA Posts $2.4 Billion Loss, Shocking That Worst Was Over

Armen Hareyan — Mon, 12 May 2008 10:49:40 -0500

MBIA posted a loss twice as large as anticipated by analysts, as the company was forced to write-down the value of its credit default swaps by $3.58 billion.

Job Data Provides Positive Economic Outlook

Armen Hareyan — Fri, 02 May 2008 08:46:10 -0500

Many on Wall Street, the epicenter of the credit mess, seem to think that the worst is over. For the first time in months, analysts and executives sound upbeat again. Many of them see a broad, sustained recovery in both the economy and the financial markets coming in the second half of this year, a prediction some market strategists call hopeful at best.

Paulson Reiterates Views of Other Wall Street Talking Heads

Armen Hareyan — Thu, 01 May 2008 17:31:10 -0500

Treasury Secretary Henry Paulson continued the recent PR blitz begun by Wall Street CEO's, claiming that as far as the credit crisis is concerned, "we're closer to the end than we are to the beginning."

EOS Airlines The Latest Casuality Of Credit Crunch Filing For Bankruptcy

Armen Hareyan — Sun, 27 Apr 2008 08:41:42 -0500

The Premium Class New York-London carrier EOS Airlines is forced to shot down flight operations, but the planned investment does not close.

Loan research shows 3 out of 5 inflated income at least 50%

Armen Hareyan — Fri, 25 Apr 2008 07:52:08 -0500

Want to know why stated income loans are called liar loans? Because people lie on stated income loans. Not just some people, some of the time and by some little exaggeration. It’s most of the people, most of the time by mostly large exaggerations.