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Further 15-20% decline in prices in select micro-markets possible
Published December 1, 2008, 9:52 pm, Business Standard India
The real estate sector may be passing through a period of stress, but the long-term outlook continues to be positive, despite the terrorist attacks on Mumbai or the liquidity crunch.
Swiss Central Bank Looks for Tools in Zero Interest-Rate World
Published December 1, 2008, 9:42 pm, Bloomberg
Dec. 2 (Bloomberg) -- The Swiss National Bank is becoming the first central bank in Europe to learn what it’s like to live in a zero interest-rate world.
Treasuries Rise, Yields Fall to Record Lows, as Stocks Slump
Published December 1, 2008, 7:57 pm, Bloomberg
Dec. 2 (Bloomberg) -- Treasuries rose, with yields at record lows, as Asian stocks extended a global rout on mounting signs of a worldwide recession.
Bernanke: lower interest rates are "feasible"
Published December 1, 2008, 7:12 pm, Norwalk Advocate
WASHINGTON - Federal Reserve Chairman Ben Bernanke said Monday that further interest-rate cuts are "certainly feasible," but he warned there are limits to how much such action would revive an economy likely to stay weak well into next year.
The hidden gems in scarcity
Published December 1, 2008, 7:10 pm, Norwalk Advocate
Most folks with whom I speak are concerned about the economy long-term, and about how they'll afford their families a happy, bountiful holiday season, short-term.
Fed chief: Lower interest rates are 'feasible' (10:48 a.m.)
Published December 1, 2008, 6:35 pm, The Record
WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke said today that further interest-rate cuts are “certainly feasible,” but he warned there are limits to how much such action would revive an economy likely to stay weak well into next year.
Bernanke says U.S. Fed has options as rates near zero
Published December 1, 2008, 5:59 pm, Tiscali
AUSTIN, Texas (Reuters) - Federal Reserve Chairman Ben Bernanke on Monday urged decisive action to protect the U.S. economy and said the central bank had alternative tools it could employ to help as interest rates approach zero.
Legg Mason to take another earnings hit but gets breather on loans
Published December 1, 2008, 5:21 pm, BizJournals
Legg Mason Inc. will take $316 million in after-tax charges to shore up money-market funds in the quarter that ends Dec. 31. (LM)
Bernanke says Fed has options as rates near zero
Published December 1, 2008, 5:07 pm, The Economic Times
Federal Reserve Chairman Ben Bernanke on Monday urged decisive action to protect the economy.
Game over?: English football at bursting point
Published December 1, 2008, 4:22 pm, Independent
Back in October, in the Great Hall of Stamford Bridge, the home of Chelsea Football Club, 1,000 "senior decision- makers in world football" gathered. There was an air of optimism and self-congratulation. Commercial managers from some of the country's top clubs talked of exciting new opportunities in the Far East. Gossip was traded about how lucrative the next Premier League television deal ...
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