Articles tagged with: Economy
Newcomers to give Florida banks a run for the money.
New bank names are popping up around South Florida. As the strong replace the weak and the economy stabilizes, the changes should help ease the credit crunch.
A series of bank takeovers, spurred by the recent …
Homeowners walking away from underwater mortgages.
Many South Florida homeowners who can afford to make their mortgage payments are choosing not to, forcing the lender to foreclose. It’s called strategic default.
Andres Duque thought he got a real steal when he paid …
Commercial loans' health key to banking recovery here.
Full recovery of the banking industry in South Florida depends on the extent of losses from commercial real estate loans now coming due and on how much capital banks are able to come up with, …
Credit crunch hurts small, mid-size trade firms.
Even as economists see signs that the global recession may be easing, a lack of financing for South Florida exporters and importers is holding back growth in international trade.
Big changes occured in trade financing in …
Economic stimulus plans create role reversal.
Americans begin to save as Chinese start to spend
FLORIDA: The United States and China have been playing a little economic role reversal as both countries adjust to the new realities created by the global recession.
Americans …
Jobless opt for entrepreneurship over job hunting.
In a tough economy, when people get laid off, they might not be keen to start the process of a job search. Some are developing a business plan, securing financing and making the adjustment to …
Haar to heart: We, the people, chose to be Ponzi prey.
In casting the net of blame for our current economic predicament, we’ve hauled in Wall Street bankers, mortgage lenders, realtors, financial intermediaries, stock brokers and bond traders, insurers, politicians, the Federal Reserve, rating agencies and …
Nimble South Florida companies own weapons to fight recession.
According to Federal Reserve Chairman Ben Bernanke, the nation will pull out of the recession by the third or fourth quarter of this year. Of course, the likelihood of that happening is about the same …
MBA's appeal grows in a shrinking economy
Add this number to the many fact and figures being bandied about during this recession: 246,957, the record-high number of GMAT exams administered to aspiring MBA candidates last year.
So far this year, numbers of test-takers …
Digging Deep
Latin America is not immune to the economic downturn, but, says Jude Webber, with more stable governments and encouragement of foreign investment, the region is perhaps better positioned to deal with it than ever before.
Worried …
Shop till you drop no more: Retailers found holiday cheer hard to come by this year.
The 2008 holiday shopping season reflected both the economic woes and the reduced consumer confidence that abound in today’s retail markets.
“Worries about their jobs, the difficulty in accessing credit, and the uncertainty about …
