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Macfarlane praises banks for crisis handlingFormer Reserve Bank governor Ian Macfarlane says Australia is coping well with the global credit crisis. ... |
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[Krugman in NYRB]: What to DoWhat the world needs right now is a rescue operation. The global credit system is in a state of paralysis, and a global slump is building momentum as I write this. Reform of the weaknesses that made this crisis possible is essential, but it can wait a little while. First, we need to deal with the... |
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A Good Thing if LBO for BCE FailsThere’s a lot of hand-wringing going on over growing concerns the $52-billion leveraged buyout of BCE Inc., Canada’s largest telecom carrier, is going to fall apart. If the deal does go kaput, it will be the best thing to happen to BCE and its customers. How come? Well, if the deal is... |
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Next on deck for credit decision: MLBMajor League Baseball is the latest sport to confront the harsh reality of the global credit crisis, with the league’s $1.5 billion credit facility set to expire Dec. 8. The NFL last month decided to let its loan pool terminate, automatically converting it into debt with accelerated princi... |
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Director Defends 'Australia's' Big BudgetMoviemaker Baz Luhrmann has defended his right to blow a huge budget on shooting his new epic Australia - insisting the movie will cheer up people affected by the global credit crisis. " /> Read more! ... |
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Moscow super skyscraper haltedThe Russian firm building Europe's tallest tower suspends work, citing the global credit crisis ... |
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