All Entries Tagged With: "economic downturn"
Bernanke On The Stress Tests
The Supervisory Capital Assessment Program
My remarks this evening will focus on the Supervisory Capital Assessment Program, popularly known as the banking stress test. The federal bank regulatory agencies began the assessment program in late February and concluded their review with the release of the results just last Thursday. This initiative involved an unprecedented, simultaneous supervisory [...]
The Recession is Driving Moms to Drink
During times of hardship and financial crisis, moms have historically been the ones keeping the family together. But what happens when mom reaches her breaking point? Momlogic.com surveyed moms — and learned the situation is dire.
Our survey results reveal that:
• 1 in 3 moms are turning to vices like overeating, drinking, drugs, and gambling to cope
• 64% [...]
East Asia Sets Up Emergency $120 Billion Fund For Crisis
NUSA DUA, Indonesia (Reuters) – Thirteen East and Southeast Asian countries agreed on Sunday to set up a $120 billion emergency fund for use in an economic downturn, the first independent move by Asia to shield itself from financial crisis.
Japan, the region’s biggest economy, also announced a plan to supply up to 6 trillion yen [...]
Bankruptcy
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