Quotable
"The combination of rising delinquencies, higher foreclosures, more housing inventories, increasing interest rates on many mortgages and greatly reduced availability of mortgages due to limited liquidity is creating what we call a near-perfect storm for housing."
Kerry Killinger, CEO Washington Mutual, September 10, 2007
At Davos, Experts See Dip Ahead Obama Vows to Make Jobs Top Priority, Slams Washington's `Tired Battles' Under Fire, Geithner Says A.I.G. Rescue Was Essential Frank says Obama bank plan could be law within months Fed Keeps ‘Extended Period’ Pledge; Hoenig Dissents European, Asian Shares Climb on Obama, Fed Comments; U.S. Futures Advance U.S. Stock-Index Futures Rise; Citigroup Gains, Qualcomm Drops by Doug Noland | Jan 22 What a difference a week makes. Uncertainty has engulfed U.S. and global stock markets. by Martin Hutchinson | Jan 25 It is generally not apparent at the time, but some years in retrospect get suffused with a golden nostalgia. by Satyajit Das | Jan 19 In 1971, Ralph Lapp, a nuclear physicist, used the term "China syndrome" to describe a hypothetical nuclear reactor meltdown where the molten core breaches containment barriers and melts through the crust of the Earth reaching China. by Tom Au | Jan 25 Google – the epitome of the American Way Writers such as Shaun Rein, managing director of China Market Research Group, may have rightly characterized Google's pullback from China as an "act of war."Top News
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