Will
the financial crisis make corporations more responsible?
According to research by Pascual Restrepo of the Massachusetts Institute of Technology (MIT), the 2007 - 08
financial crisis made things worse: between 2007 and 2015 job openings for unskilled routine work suffered a 55 % decline relative to other jobs.
There are risks to all this, of course, as the global
financial crisis made clear; but when done judiciously, in a well - regulated financial system, we believe such market - based credit solutions can help encourage growth and stability.
This upbeat analysis of
the financial crisis made matters slightly clearer to me — but only slightly.
Renault came close to reviving Alpine in 2008 before the global
financial crisis made the project a non-starter.
The last
financial crisis made many financial corporations cut their dividends, but Cincinnati Financial (CINF) managed to keep its dividend growth streak alive.
«Even after the 2009
financial crisis made it plain the U.S. economy had entered a period of stagnation, Canadians seemed more interested in the far - off and more uncertain prospects of China, India and Brazil — economies characterized by high growth and large populations but also formidable market access barriers,» wrote Laura Dawson, president of Dawson Strategic, in a recent report for the Canadian Council of Chief Executives.
Not exact matches
Sen. Elizabeth Warren, a Massachusetts Democrat who led the progressive opposition to the bill, which she nicknamed the «Bank Lobbyist Act,» argued it will increase risk in the
financial system and
make another devastating economic
crisis more likely.
Geithner, who served under President Barack Obama as secretary of the treasury as the U.S. struggled to rebound from the global
financial crisis, said the current political climate could lead to a «diminished capacity to
make sensible economic choices.»
They were
made heroes by the
financial crisis and the Great Recession, if only because they tried to
make a difference while politicians bickered and corporate titans hoarded cash.
When we bought our first plane, air travel was considered very expensive, extremely frustrating and awfully dull; more recently, the banking sector has been held responsible for the
financial crisis and global recession, so we used our reputation to instil some trust and, as Virgin Money's slogan says, «
Make everyone better off.»
While some experts see this as an opportunity, skeptics says it's a new
financial crisis in the
making and that muni bonds should be avoided.
In the wake of the sovereign debt
crisis, Europe began implementing measures to
make its
financial system stronger.
This
makes sense given two factors: one is the hit household formation took during the
financial crisis.
Secondly, he noted «the root causes of the global
crisis have not been prop ¬ erly tackled» with the
financial system remaining «the Achilles heel of the world economy» and thirdly, «little progress is being
made in reducing working poverty and vulnerable forms of employment such as informal jobs and undeclared work.»
After
making several appearances on network TV and authoring columns on the
financial crisis for Slate, the disgraced politician was recently tapped by CNN as co-host of a nightly news and discussion program alongside journalist Kathleen Parker.
«Clearly, the C.F.T.C. has taken a strong stance against Wall Street after the
financial crisis, but in a broader context we do worry that the revolving door can
make enforcement officials more sympathetic to the companies they oversee,» said Michael Smallberg, an investigator at Project on Government Oversight, a nonprofit group.
That meant she was, in effect, sitting in a lifeguard tower when the
financial -
crisis tidal wave
made landfall.
The Federal Reserve's ultra-low interest - rate policy since the
financial crisis may have lent support to a listless economy and
made the government's massive debt a lot easier to finance, but it's been more than hard on retirees and conservative savers.
That was John Paulson, who
made a name for himself by betting against sub-prime mortgages ahead of the
financial crisis.
GIC, one of the first sovereign funds to invest in Western banks during the global
financial crisis, retains the other major investment
made at the time, a stake in Citigroup which is profitable at current prices.
The Trump administration has
made it clear that it wants to relax
financial regulations — curbs that were put in place to protect the U.S. from another
financial crisis.
But Trump's
financial deregulation program would
make a
financial crisis far more likely again.
At the same time, Burry, who
made a fortune in last decade's
financial crisis by betting that the housing bubble would burst, is also gaining a following north of Hollywood, as a Silicon Valley tech investor.
Though the 2008
financial crisis buffeted Thiel's world, it also
made people more receptive to his «tech slowdown thesis,» Thiel says.
Five years ago, she was poached from Goldman Sachs — where she
made her name convincing a number of large pension funds to hedge in the run up to the
financial crisis — by Bank of America to run a first of its kind on Wall Street cross-asset, cross-industry structured - strategies group («It's about solutions, not products,» she says).
But in 2008, in the midst of the
financial crisis, we started noticing that young people were doing some awfully significant things, whether in the
financial world (Meredith Whitney had just
made her bold call against Citigroup), in the tech world (Facebook was beginning to crank into high gear), or in other industries (Kevin Plank's apparel upstart Under Armour was giving Nike a real run for its money).
Frenkel criticised the ineffectiveness of governments since the
financial crisis of 2008 which forced central banks to take their place in the «front line» of policy
making, he said at an event in London on Tuesday.
Contrary to expectations that Beijing would finally embrace painful restructuring and
financial deleveraging to reduce the risks of a
financial crisis and
make growth sustainable, Li proclaimed that China would achieve GDP growth of between 6.5 % and 7 % for 2016, similar to the 6.9 % GDP growth the Chinese government reported in 2015.
Smoothing earnings eliminates spikes and valleys that can temporarily
make PEs look artificially cheap (spikes or unsustainable runs) or too pricey (the
financial crisis collapse).
That follows a slight drop in the second quarter,
making it the first time since the
financial crisis that we have had two down earnings quarters in a row.
However, Poloz hasn't appeared overly fearful of triggering a
financial crisis, arguing that lower interest rates will help to avoid one by
making it easier for homeowners to keep up with their mortgage payments.
Still, it's not hard to see why politicians have latched on to entrepreneurship: It's sexy and founders
make much more palatable economic heroes than the corporate titans who triggered the
financial crisis.
The housing bubble in the United States, which triggered the
financial crisis in 2008, had highlighted the danger of using the
financial system to
make up for the failures in social policies.
«There's no hall pass for any business models on mistakes
made during the
financial crisis.»
Although the
financial crisis in the fall of 2008 nearly sank Morgan Stanley, it also
made possible its metamorphosis into a wealth - management powerhouse.
The central bank, based in Frankfurt, used typically understated and technical language to describe its actions, but it appears to have done what its leadership said throughout 2011 that it would not do: namely, flood the
financial markets with euros in a Hail Mary attempt to
make sure that the region's sovereign debt
crisis does not lead to a major
financial shock.
Brokers and dealers
made millions — worth decades of real work by real people — en route to the current
financial crisis.
You can see evidence of these scars in many clients» allocation of their
financial assets; before we even begin to discuss asset allocation from an investment standpoint, we focus on
making sure clients have sufficient liquidity to
make it through another
crisis.
Some of the Bank of Canada's
financial system activities are also designed, in part, to
make the system less prone to
crisis.
Most investors, including myself, buy physical gold not to
make a profit, but to hedge against inflation, stock market crashes, currency devaluation, and all other sorts of
financial crises.
Empirical research shows that a buildup of household debt in the economy
makes a
financial crisis more probable, so we wanted to understand the costs and benefits of leaning against
financial imbalances through tighter monetary policy.
The bureau's rules have
made it less attractive — though not illegal — for mortgage lenders to
make some types of risky loans that went bad and sparked last decade's
financial crisis.
If the U.S. does not
make significant structural changes including entitlement reform, budgetary reform and a simpler tax system, he foresees another
financial crisis of possibly greater magnitude in the years ahead.
The idea that pipelines to ship out solid bitumen (with diluent to
make a solid flow) was essential did not emerge until after the 2008
financial crisis.
Last year the company had $ 1.39 billion in investment and derivative gains related mostly to deals
made during the
financial crisis,
making for a difficult comparison this year.
«Puerto Rico survived the Hurricanes, now a
financial crisis looms largely of their own
making.»
With today's
crisis in retirement preparedness, delaying savings and retirement decisions does not move the ball forward for Americans; nor does it «empower Americans to
make their own
financial decisions,» a goal highlighted by the President.
Things look equally bleak based on metrics typically used by investors to evaluate a borrower's ability to
make payments: In Asia and Latin America, companies» debt now represents roughly four years of operating profits, up from fewer than two years prior to the
financial crisis of 2008.
The decision means a previously obscure grouping of senior officials - the
Financial Institutions Supervisory Committee - will be thrust into the spotlight as Canada's answer to the pledge the federal government and its allies in the Group of 20 made to correct regulatory failings that contributed to the financia
Financial Institutions Supervisory Committee - will be thrust into the spotlight as Canada's answer to the pledge the federal government and its allies in the Group of 20
made to correct regulatory failings that contributed to the
financialfinancial crisis.