Word: feb
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...true that credit standards for business lending haven't tightened, as illustrated by the Federal Reserve's monthly loan-officer survey. And as Fed governor Elizabeth Duke pointed out in a speech on Feb. 26, those tougher standards could be having a disproportionate effect on small businesses. "Credit conditions may be particularly tight for small businesses because their finances are, in many instances, very closely intertwined with the personal finances of their owners," she said. For example, the owner of a small business who also owns a house may see a lower home price weigh down the creditworthiness...
...China's GDP will likely rise 9% or more, in contrast to a merely subpar recovery in the U.S. and Europe. For thousands of companies across the globe, anything that threatens China's buoyancy threatens their own bottom lines. (Witness the sell-off in the S&P 500 on Feb. 12, when Beijing's central bank raised by a tick the so-called reserve ratio requirement for its banks.) And nothing, not even massive government infrastructure spending, has driven China's growth more than real estate investment...
...strongest earthquakes ever recorded ripped through central Chile on Feb. 27, tearing up roads and bridges, reducing homes and hospitals to rubble. Many residents on the country's shoreline survived the quake only to drown shortly after, when a tsunami sucked boats and houses into the sea. Describing a "catastrophe of unthinkable magnitude," Chile's President Michelle Bachelet vowed to explore whether the country's tsunami-warning system had failed and, with water and food running low, deployed troops to combat looting, search for survivors and restore order. (See pictures of Chile's massive earthquake...
...predictable battles over the state of climate science--from the halls of Congress to the overheated blogosphere--the truth is that our planet still has the potential to surprise us. On Feb. 26, a team of French and Australian scientists reported news of a huge iceberg's collision with the Mertz Glacier on the eastern coast of Antarctica. A chunk of sea ice approximately the size of Luxembourg was gouged out. Owing in part to warming global temperatures, Antarctica is losing ice all the time--about 24 cu. mi. (100 cu km) worth each year--a development that is slowly...
Dawn Brancheau died tragically on Feb. 24, at age 40, after Tilikum, the killer whale she was working with, pulled her to the bottom of the pool...