Word: squeezees
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In the meantime, traders are dealing with price swings the best they can. Blocks of shares bought and sold have grown smaller, as traders shy from committing too much of a position at one time, lest they pass up a better price later. As margin calls and redemptions from mutual...
"We are seeing companies across a wide variety of sectors that are struggling," says Sam Rovit, who heads up Bain Corporate Renewal, the optimistically named restructuring division of Bain & Company. If the credit squeeze doesn't loosen up quickly, he expects a "tidal wave of bankruptcies among large companies."
Despite the criticism from city officials, BC’s effort to construct housing for all of its undergraduates has won plaudits from its Brighton neighbors, who often complain about boisterous groups of students who squeeze into single-family homes for the year, hastening the deterioration of the housing stock...
This all comes at the worst possible time. Even as buyers refused to bite, inflation passed into double digits in June this year, raising prices of construction material. Realtors overran their budgets and projects stalled, leaving skeletal structures dotting the landscape in big and small cities all over the country...
Dubai officials insist that they can meet their debt obligations for the next two years. Analysts point out, however, that the credit squeeze compounds a growing challenge to Dubai's revenue streams. The most obvious is the halving of the price of oil from $147 per bbl. to $70 per...