Word: problem
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...course, the "core problem" is the U.S. property market, says Han de Jong, chief economist for ABN Amro in Amsterdam. "In hindsight, the housing market in the U.S. was a bubble." The cause? Superlow interest rates that encouraged lenders to offer loans to virtually anyone, even those with bad credit. Those loans were then bundled together into exotic derivatives and sold off to financial institutions worldwide; when borrowers began to default on their mortgages, money managers from São Paulo to Seoul suffered huge losses...
Such doubts are fueling a broader loss of faith in U.S. assets. Nowhere is this more pronounced than in the dollar's stunning decline. Since the start of 2006, it has plunged 24% against the euro and 18% against the British pound. But how big a problem is a weak dollar, and for whom? It might pain U.S. tourists shopping in cities like London or Paris. And it's a mounting worry for European and Asian manufacturers doing battle with U.S. exporters, whose products are made cheaper on the global market by a dwindling dollar. But for these U.S. manufacturers...
...business can sustain itself if the product it produces is pervasively looted without consequences. There is no denying that the music industry has experienced a sharp decline in revenues in the past few years. A disproportionate share of this loss is attributable to music theft–a problem that is, unfortunately, quite prevalent on college campuses. Which brings us to the case of the Recording Industry Association of America (RIAA) vs. Jammie Thomas, and the inaccurate and misleading statements expressed in the public sphere.First, it has been suggested that the RIAA “picked” Thomas...
...electives their senior spring could apply to stay in the U.S. Consequently, about 40 seniors who received a top-notch American education and who were eager to contribute to this country could not even apply for an H-1B visa. This effectively meant deportation. Fortunately, the solution to this problem is simple: the H-1B cap must be raised. Such a solution has bipartisan support but was buried with the failure of the omnibus immigration bill. We hope Congress recognizes the urgency of the situation and passes a cap increase in time to raise the number of visas issued beginning...
...that’s a problem. Sure, there are some brave souls, some early risers, who don’t mind heading down to New Haven on Saturday morning and will be free to take in the best hockey game of the year tomorrow night at the Bright Hockey Center. But for most of us, who are planning to pile into a car or bus with our friends tomorrow afternoon to make the trip down, it means we have to choose...