June 2008
Las Vegas Business Press (10712186);6/23/2008, Vol. 25 Issue 25, p17
This section offers business news briefs in the U.S. as of June 23, 2008. Reports on housing, prices and manufacturing suggest that the economy of the country is probably suffering from its first bout of stagflation. Additional capital may need to be raised by banks due to prediction of continued losses and write-downs until the first quarter of 2009. Global write-downs and losses from the credit market crisis may total $1.3 trillion, according to Paulson & Co. hedgefund founder John Paulson.


Related Articles

  • LIKE A SORE THUMB. Barron, Jacob // Business Credit;Jul/Aug2008, Vol. 110 Issue 7, p12 

    The article discusses the plight of the U.S. market that is experiencing negative growth along with economic recession. It states that the market trend remains obscure and remains tough with the global credit crunch and persistent inflationary pressures. It adds that major U.S. companies, banks,...

  • TRADING RISK. Tirschwell, Peter // Journal of Commerce (1542-3867);8/17/2009, Vol. 10 Issue 33, p46 

    The author talks about the risks inherent in the U.S. logistics sector's over-reliance on trade itself. He points out the unsustainability of the U.S. economy in its pre-recession state. According to the author, trade growth is characterized by high levels of volatility that rises and falls at...

  • Managing Risk Without Missing Opportunities. Schlich, Bill // American Banker;8/8/2008, Vol. 173 Issue 153, p10 

    The author discusses the importance for the banking industry of learning to balance risk with opportunities during the 2007 and 2008 economic crisis in the U.S. Many financial firms did not have strong risk management departments before the credit crisis began in 2007, but, as a result of the...

  • HOLE IN THE BUCKET. Sewell, Regina // Outlook Weekly;10/9/2008, Vol. 13 Issue 15, p15 

    The author reflects on the economic condition in the U.S. She notes that Lehman Brothers has filed for bankruptcy while Merrill Lynch & Co. has sold its branches, deposits and loans to JPMorgan Chase. She cites the move of Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben...

  • When half-full feels more like three-quarters. FITZGERALD, TERRY J.; CHUNG, WONHO; WIRITZ, RONALD A. // Fedgazette;Jul2010, Vol. 22 Issue 3, p1 

    The article explores the economic and business conditions in states comprising the Ninth District of the U.S. during the global economic recession, which started in December 2007. The unemployment rates, the growth in housing foreclosures and the number of business failures were less in the...

  • Economic and Market Trends in Second Half of 2007 and Early 2008: An Assessment and Outlook. Torto, Raymond G.; Riggs Jr., Kenneth P.; Billingsley, Alan C.; Burley, Peter C. // Real Estate Issues;Spring2008, Vol. 33 Issue 1, p1 

    Is the U.S. economy headed for recession? Is it already there? With home sales falling to their lowest level in decades, equity markets swinging wildly, debt markets in turmoil, and employment growth falling negative for the first time in years, economists are divided as to whether the economy...

  • Spotlight on Role's Clout, Influence. Davenport, Todd // American Banker;11/12/2007, Vol. 172 Issue 218, p1 

    The article examines the role a chief risk officer plays within a corporation. The article explains that since the United States credit market volatility began in the summer of 2007 many banking companies have taken large losses from mortgages and a variety of structured finance vehicles, which...

  • Adapting to difficult times. Sobba, Mike // Illinois Banker;May2009, Vol. 94 Issue 5, p17 

    The author offers advice on how banks should sustain its development in the midst of the recessionary economy of the U.S. as of May 2009. Given the current financial crisis, he stresses that it is critical for banks to reduce their independence on volatile loan products by increasing or...

  • Our Great Recession Obsession. Samuelson, Robert J. // Newsweek;11/12/2007, Vol. 150 Issue 20, p66 

    The article presents an editorial discussing the social impact of an economic recession. The author believes that people panic when they hear about the possibility of a recession. He says that recessions are inevitable as part of the business-cycle theory of economics. The author considers the...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics