TITLE

FROM THE WIRE

PUB. DATE
June 2008
SOURCE
Las Vegas Business Press (10712186);6/23/2008, Vol. 25 Issue 25, p17
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
33322744

 

Related Articles

  • Peru and Other Menaces. Will, George F. // Newsweek (Pacific Edition);11/19/2007 (Pacific Edition), Vol. 150 Issue 21, p58 

    This article offers the author's opinion on the U.S. economy in light of a unpredictable stock market during the second week of November 2007. The volatility in the market is being caused by things like the price of oil, the financial statement of General Motors, a threat by China to dump some...

  • A Difficult Year For Would-Be Opportunists. Berry, Kate // American Banker;12/27/2007, Vol. 172 Issue 247, p1 

    The article reports on the wide-ranging fallout from the collapse of the U.S. subprime mortgage market, in particular the sufferings of companies that were at first expected to benefit from the downturn. Many firms seeking to buy up distressed assets, increase market share, or move into...

  • Foreclosure Filings Jump.  // American Banker;1/30/2008, Vol. 173 Issue 20, p13 

    The article reports that foreclosure filings in the United States increased 75% in 2007 from a year earlier as homeowners were effected by credit troubles and falling home values. In 2007, more than 1% of U.S. households were in some stage of foreclosure, versus 0.58% in 2006. The article also...

  • Is It Back to the '70s? Glain, Stephen // Newsweek (Pacific Edition);5/16/2005 (Pacific Edition), Vol. 145 Issue 20, p28 

    Reports that some economists are warning that "stagflation," the high-inflation, low-growth scourge that effected the United States economy in the 1970s, may soon return. Analysis of potential causes of stagflation, including debt, a weak dollar, and slowing growth at flagship automakers;...

  • The Storm Clouds Spread. El-Erian, Mohamed A. // Newsweek (Atlantic Edition);10/20/2008 (Atlantic Edition), Vol. 152 Issue 17, p25 

    The author offers his opinion on the 2008 financial crisis in the U.S. that has expanded to impact the global economy. He comments particularly on the implications that this crisis has for developing economies. He suggests that the crisis will lead to greater regulation of the global financial...

  • Small-Business Spending Seen Falling. Wade, Will // American Banker;10/27/2009, Vol. 174 Issue 195, p5 

    The article states that small-business owners are spending less, according to Discover Financial Services company's Small Business Watch index. Statistics from the index include how small-business owners rate the U.S. economy, when the proprietors think the economy will stabilize, and what...

  • MARKET FOCUS. Anselmo, Joseph C.; Unnikrishnan, Madhu // Aviation Week & Space Technology;1/12/2009, Vol. 170 Issue 2, p10 

    The article assesses the state of the business aircraft industry in 2009. A number of indicators suggest the sharp deterioration in the second half of 2008 is only intensifying. The number of used business jets for sale is up 65% from a year ago, according to a new estimate by UBS Investment...

  • Minority ventures said to sag. Miller, Valerie // Las Vegas Business Press (10712186);6/1/2009, Vol. 26 Issue 22, pP20 

    The article reports on the impact of the U.S. recession on local small businesses and minority-owned firms. According to small business adviser Janis Stevenson, some construction workers left Las Vegas, Nevada due to the poor performance of the construction industry in the area. Data from the...

  • 'Just a Really Ugly Situation. Markham, Dan // Metal Center News;Feb2009, Vol. 49 Issue 2, p24 

    The article reports on the market performance of the steel industry in the U.S. in the wake of the ongoing economic crisis. It mentions that steel producers and distributors throughout the country are feeling the effects of the recessionary market. It further states that though bankruptcies and...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

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

Try another library?
Sign out of this library

Other Topics