Most Active Articles 2009-11-24T02:39:53.635-05:00 Business Exchange Business_Exchange@businessweek.com urn:com:businessweek:bx:topic:most-active:credit-crunch Frank Comes fcomes553 urn:com:businessweek:bx:article:6004752442612409522-3406fb863c1a10c4b0f6285b5fc9c516 2008-09-17T14:08:17.848-04:00

A must-read on the origins of the crisis

A must-read on the origins of the crisis http://www.economist.com/finance/displayStory.cfm?story_id=12209655 Henry Blodget hblodget186 7,346 7,239 91 16 urn:com:businessweek:bx:article:17507852872421588263-db53fda263d306620d5e75b2dbf9d064 2008-09-27T14:59:24.580-04:00

http://www.businesspundit.com/10-of-the-worlds-most-dramatic-financial-crises-and-their-lessons/ Melinda Chen mchen218 2,806 2,767 38 1 urn:com:businessweek:bx:article:5009889647571587224-9f3ab7747215dc0de49be6e3527c5661 2008-09-25T10:18:56.245-04:00

Real estate mogul Sam Zell predicts that there will be a recession in 2009, and that the market for single family homes has bottomed out.

Real estate mogul Sam Zell predicts that there will be a recession in 2009, and that the market for single family homes has bottomed out. http://uk.biz.yahoo.com/23092008/323/recession-likely-2009-property-mogul-zell.html Emily Thornton ethornton396 2,763 2,740 22 1 urn:com:businessweek:bx:article:4150072556100762305-bced79ce7d1d99da9c008510cdd153b1 2009-11-19T10:00:58.346-05:00

After a disastrous 2008 that almost destroyed the firm, Citadel is up 58% for the year. Ken Griffin has reduced is flying all over the globe, trying to raise money. Alas, all anyone wants to talk about is last year...

After a disastrous 2008 that almost destroyed the firm, Citadel is up 58% for the year. Ken Griffin has reduced is flying all over the globe, trying to raise money. Alas, all anyone wants to talk about is last year... http://www.businessinsider.com/henry-blodget-citadel-making-comeback-but-all-anyone-wants-to-talk-about-is-the-crash-2009-11 Henry Blodget hblodget186 0 0 0 0 urn:com:businessweek:bx:article:1530619262108968120-c08a90ad24c9c18f83c415927e1b55ef 2009-11-17T10:49:40.319-05:00

In both emerging markets and developed countries, enterprising women encounter genderspecific obstacles that cannot be easily overcome without the intervention of the public and private sectors. Their focused efforts will go a long way toward helping women revitalize our global economy. Entrepreneurs, in general, have a critical role to play in fostering innovation, which economists view as a key factor in national GDP growth. A report published in January 2009 by the Ewing Marion Kauffman Foundation found that between 1980 and 2005, firms less than five years old accounted for all net job growth in the US. Another Kauffman Foundation study, released in June, reports that more than half of the companies on the 2009 Fortune 500 list, and just under half of those on the 2008 Inc. list, were founded during a recession or bear market. The study also reports that job creation from start-ups is less volatile and less sensitive to downturns than job creation in the entire economy. It makes

In both emerging markets and developed countries, enterprising women encounter genderspecific obstacles that cannot be easily overcome without the intervention of the public and private sectors. Their focused efforts will go a long way toward helping women revitalize our global economy. Entrepreneurs, in general, have a critical role to play in fostering innovation, which economists view as a key factor in national GDP growth. A report published in January 2009 by the Ewing Marion Kauffman Foundation found that between 1980 and 2005, firms less than five years old accounted for all net job growth in the US. Another Kauffman Foundation study, released in June, reports that more than half of the companies on the 2009 Fortune 500 list, and just under half of those on the 2008 Inc. list, were founded during a recession or bear market. The study also reports that job creation from start-ups is less volatile and less sensitive to downturns than job creation in the entire economy. It makes http://www.ey.com/Publication/vwLUAssets/The_Groundbreakers_series:_Scaling_up:_Why_women-owned_businesses_can_recharge_the_global_economy/$FILE/WomensWork.pdf Lauren Young lyoung404 1 0 0 1 urn:com:businessweek:bx:article:15689224694935529215-9700fba8bb7dd80d9751d542fa2626e5 2009-11-18T13:13:55.676-05:00

The small business credit crunch has justifiably been one of the primary news themes during the recession and slow recovery. And while stingy, risk-adverse credit behavior from banks and lenders is often labeled as the primary culprit, some small business owners may actually be exacerbating the credit crunch, albeit more due to ignorance than intentionally bad habits.

The small business credit crunch has justifiably been one of the primary news themes during the recession and slow recovery. And while stingy, risk-adverse credit behavior from banks and lenders is often labeled as the primary culprit, some small business owners may actually be exacerbating the credit crunch, albeit more due to ignorance than intentionally bad habits. http://blog.cortera.com/2009/11/18/three-tips-to-gain-and-keep-business-credit/ Alex Coté acot608 0 0 0 0 urn:com:businessweek:bx:article:7074836678776448910-fcb5815257d951c81fb95648dd052e30 2009-11-16T10:45:33.583-05:00

NEW YORK, November 16, 2009 -- Even after a year of recession, for some consumers 'tis the season for a rise in spending. A new survey from American Express reports that 10 percent of consumers actually intend to open their wallets and spend more on holiday gifts relative to last year and 43 percent plan to spend about the same. In the next 30 days, more than one in five U.S. consumers (22%) expect to spend more when compared to the last 30 day period.

NEW YORK, November 16, 2009 -- Even after a year of recession, for some consumers 'tis the season for a rise in spending. A new survey from American Express reports that 10 percent of consumers actually intend to open their wallets and spend more on holiday gifts relative to last year and 43 percent plan to spend about the same. In the next 30 days, more than one in five U.S. consumers (22%) expect to spend more when compared to the last 30 day period. http://home3.americanexpress.com/corp/pc/2009/joy.asp Lauren Young lyoung404 2 1 0 1 urn:com:businessweek:bx:article:17193468868889450501-0cd81bf5701158e27cd3fcc7386dfe50 2009-11-16T10:12:28.223-05:00

We know you're busy, and we know you want to save money. With holiday shopping around the corner, here’s a list of tips from Michelle Madhok, founder of SheFinds.com

We know you're busy, and we know you want to save money. With holiday shopping around the corner, here’s a list of tips from Michelle Madhok, founder of SheFinds.com http://www.businessweek.com/careers/workingparents/blog/archives/2009/11/quick_cheap_hol.html Lauren Young lyoung404 2 0 0 2 urn:com:businessweek:bx:article:8661991114344632332-157076282b6f6de9cccf9b8b5354d5ca 2009-11-17T14:08:30.226-05:00

Bank of America's former general counsel Tim Mayopoulos, still does not know why he was fired last December 10. But today he'll tell Congress what he does know about the deal between Bank of America and Merrill Lynch that has resulted in numerous private lawsuits, a lawsuit brought by the SEC, and a showdown with a congressional committee.

Bank of America's former general counsel Tim Mayopoulos, still does not know why he was fired last December 10. But today he'll tell Congress what he does know about the deal between Bank of America and Merrill Lynch that has resulted in numerous private lawsuits, a lawsuit brought by the SEC, and a showdown with a congressional committee. http://www.law.com/jsp/article.jsp?id=1202435532771&rss=newswire&hbxlogin=1 Henry Blodget hblodget186 2 2 0 0 urn:com:businessweek:bx:article:7852759256761755316-1c14a9112d4de8240487269d7f1d69ff 2009-11-12T13:43:53.448-05:00

Synovate Mail Monitor shows US credit card situation remains grim NEW YORK – US credit card balances increased to $8,083 in Q3 2009 from $7,489 in Q2 2009 according to Mail Monitor, the credit card direct mail tracking service from global market...

Synovate Mail Monitor shows US credit card situation remains grim NEW YORK – US credit card balances increased to $8,083 in Q3 2009 from $7,489 in Q2 2009 according to Mail Monitor, the credit card direct mail tracking service from global market... http://mailmonitor.synovate.com/news.asp?txtDate=11/12/2009&txtTarYr=2009 Lauren Young lyoung404 12 11 0 1 urn:com:businessweek:bx:article:11997490432464492053-2db6c9f4f3d71ba5c23fb1110cf27261 2008-10-06T18:25:29.325-04:00

Forget about particular details for a moment, in conceptual terms what led so many financial institutions to take so much excess risk?

Forget about particular details for a moment, in conceptual terms what led so many financial institutions to take so much excess risk? http://www.marginalrevolution.com/marginalrevolution/2008/10/what-caused-the.html Ben Steverman bsteverman434 1,356 1,342 14 0 urn:com:businessweek:bx:article:15536796016293126247-368735d7d8edac19ae311d3630529370 2008-09-26T17:48:04.807-04:00

Consumers and companies may be forced to cut back

Consumers and companies may be forced to cut back http://www.economist.com/finance/displayStory.cfm?source=hptextfeature&story_id=12306060 Adrienne Carter acarter660 1,159 1,135 24 0 urn:com:businessweek:bx:article:9533888366196209761-f4a1d609e25b216fec70ae8d54c7b5a6 2008-12-15T01:56:56.760-05:00

24/7 Wall St. looked at some of the largest and most well-known companies, reviewed their SEC filings if they are public, analyst reports, and media observations about their businesses and picked ten that probably won’t be around at the end of next year.

24/7 Wall St. looked at some of the largest and most well-known companies, reviewed their SEC filings if they are public, analyst reports, and media observations about their businesses and picked ten that probably won’t be around at the end of next year. http://www.247wallst.com/2008/12/companies-that.html Ashley Allen aallen237 772 770 2 0 urn:com:businessweek:bx:article:16097873402621986501-207d2a77871abd8ce8a8d846febd34ce 2008-10-01T14:25:59.156-04:00

It will be tougher to get credit in the months ahead. So what should consumers do?

It will be tougher to get credit in the months ahead. So what should consumers do? http://www.cnbc.com/id/26959572 Lauren Young lyoung404 949 937 12 0 urn:com:businessweek:bx:article:18155272939088591503-5b42525062a15b3a128bfafeef4610c9 2008-09-29T23:45:19.780-04:00

Defaults on corporate loans have jumped, lenders to McDonald's franchisees are strapped, and big names like GM are facing liquidity problems

Defaults on corporate loans have jumped, lenders to McDonald's franchisees are strapped, and big names like GM are facing liquidity problems http://www.businessweek.com/bwdaily/dnflash/content/sep2008/db20080928_348088.htm?chan=top+news_top+news+index+-+temp_news+%2B+analysis John A. Byrne jbyrne076 754 738 16 0 urn:com:businessweek:bx:article:3706807504977990717-b81cf1fe17b55dd87fa268e5da9aac75 2009-11-13T18:01:52.798-05:00

The plan was created by BancVue, a consulting and marketing company for small banks. Its aim is to bring new high-interest, no-fee checking accounts offered by small banks and credit unions nationwide under one brand, called “Kasasa” — a name made up after BancVue conducted extensive consumer marketing tests. BancVue argues that smaller banks, by pooling their marketing resources, can attract deposits from larger institutions.

The plan was created by BancVue, a consulting and marketing company for small banks. Its aim is to bring new high-interest, no-fee checking accounts offered by small banks and credit unions nationwide under one brand, called “Kasasa” — a name made up after BancVue conducted extensive consumer marketing tests. BancVue argues that smaller banks, by pooling their marketing resources, can attract deposits from larger institutions. http://www.nytimes.com/2009/11/02/business/media/02adco.html Crystal Thomas cthomas972 1 0 0 1 urn:com:businessweek:bx:article:15335026225293113834-92c66797345dcffc29471b815065041c 2008-09-30T15:18:41.075-04:00

While Congress bickers over how to fix the financial meltdown, there's a decent chance you haven't even felt it. Why, you may be asking yourself, does everyone think there's such a big a problem when you're still being offered credit cards in the mail and zero-percent financing at the car dealership? Maybe you used to bank with Washington Mutual or Wachovia and overnight you've become a Chase or Citi customer, but if your money's still there, why does the rest matter?

While Congress bickers over how to fix the financial meltdown, there's a decent chance you haven't even felt it. Why, you may be asking yourself, does everyone think there's such a big a problem when you're still being offered credit cards in the mail and zero-percent financing at the car dealership? Maybe you used to bank with Washington Mutual or Wachovia and overnight you've become a Chase or Citi customer, but if your money's still there, why does the rest matter? http://www.time.com/time/business/article/0,8599,1845818,00.html Lauren Young lyoung404 639 628 10 1 urn:com:businessweek:bx:article:10873218442495752664-751d90209ec03197638130721dd0e72c 2009-11-10T10:27:48.319-05:00

The S&P is up over 50% since its March 2009 lows and yet for most of us, the leading indicators and large company earnings seem to defy the reality on Main Street. Newsweek offered a view on why such a gap may exist – and some indicators are emerging to focus on small business sentiment — but the fact remains that most prominent economic indicators fail to paint a true view of Main Street conditions. Last month we started publishing a small business index that takes a shot at filling the gap. Based on same criteria lenders and businesses use for determining credit viability, the SBI provides a view into the cash flow on Main Street. And just as Newsweek paints the picture of the Wall Street – Main St gap, the Cortera SBI™ shows increasingly divergent behaviors between the largest of businesses and the nation’s millions of small companies.

The S&P is up over 50% since its March 2009 lows and yet for most of us, the leading indicators and large company earnings seem to defy the reality on Main Street. Newsweek offered a view on why such a gap may exist – and some indicators are emerging to focus on small business sentiment — but the fact remains that most prominent economic indicators fail to paint a true view of Main Street conditions. Last month we started publishing a small business index that takes a shot at filling the gap. Based on same criteria lenders and businesses use for determining credit viability, the SBI provides a view into the cash flow on Main Street. And just as Newsweek paints the picture of the Wall Street – Main St gap, the Cortera SBI™ shows increasingly divergent behaviors between the largest of businesses and the nation’s millions of small companies. http://blog.cortera.com/2009/11/10/the-main-street-credit-squeeze-continues/ Alex Coté acot608 1 1 0 0 urn:com:businessweek:bx:article:2609086060940370564-19ffd978fd55458cfb407f0f184c0844 2008-10-02T20:54:15.344-04:00

A round up of what financial luminaries are doing with their own portfolios in a dicey market.

A round up of what financial luminaries are doing with their own portfolios in a dicey market. http://images.businessweek.com/ss/08/09/0925_asset_allocation/1.htm Lauren Young lyoung404 492 486 6 0 urn:com:businessweek:bx:article:1369185732665038766-58263961e9540869239d5ec74b9375da 2008-09-20T19:29:20.142-04:00

What price the government will pay for the assets it will buy from banks as part of its rescue plan? This will determine how much (if any) capital the banks need to raise to offset the losses and, thus, what their stocks are currently worth.

What price the government will pay for the assets it will buy from banks as part of its rescue plan? This will determine how much (if any) capital the banks need to raise to offset the losses and, thus, what their stocks are currently worth. http://www.clusterstock.com/2008/9/the-critical-question-about-paulson-s-rescue-plan Henry Blodget hblodget186 448 423 24 1 urn:com:businessweek:bx:article:18132126723953553349-da2d6d1ed5acc2a3b4855e2592da43e6 2008-09-22T21:31:54.952-04:00

Jim Cramer on the Future of Wall Street After the Great Nationalization.

Jim Cramer on the Future of Wall Street After the Great Nationalization. http://nymag.com/news/businessfinance/50520/ Shirley Brady sbrady224 428 418 10 0 urn:com:businessweek:bx:article:11224444139786748851-1b296be0db9584a396b4b6ad615270f6 2008-10-15T18:20:14.173-04:00

Credit derivatives' role in the crash

Credit derivatives' role in the crash http://www.portfolio.com/views/columns/wall-street/2008/10/15/Credit-Derivatives-Role-in-Crash Ben Steverman bsteverman434 397 389 8 0 urn:com:businessweek:bx:article:17510165384792462137-d22580d96fba1eb6f4bde88fea6e5d85 2008-10-03T16:01:55.778-04:00

With only 1/26 of currency circulating against the value of the economy, the US should have seen this crash coming. Here are some rules for a new economic architecture.

With only 1/26 of currency circulating against the value of the economy, the US should have seen this crash coming. Here are some rules for a new economic architecture. http://inspiredeconomist.com/2008/10/03/money-and-debt-new-economic-architecture-required/ Chris Milton cmilton615 392 383 9 0 urn:com:businessweek:bx:article:15101727011647911642-a592f527cea684d2bda09c60c7393659 2008-10-01T05:19:47.826-04:00

In 1929, Meyer Mishkin owned a shop in New York that sold silk shirts to workingmen. When the stock market crashed that October, he turned to his son, then a student at City College, and offered a version of this sentiment: It serves those rich scoundrels right.

In 1929, Meyer Mishkin owned a shop in New York that sold silk shirts to workingmen. When the stock market crashed that October, he turned to his son, then a student at City College, and offered a version of this sentiment: It serves those rich scoundrels right. http://www.nytimes.com/2008/10/01/business/economy/01leonhardt.html?ref=business Jude Chia jchia732 363 354 9 0 urn:com:businessweek:bx:article:14115711220023247120-ec88172968d13ce63d479e8262641b53 2008-10-03T11:38:34.493-04:00

Interesting take on why this list of companies will be hardest hit by the crunch, including Apple, AmEx, Circuit City, and Sirius

Interesting take on why this list of companies will be hardest hit by the crunch, including Apple, AmEx, Circuit City, and Sirius http://www.247wallst.com/2008/10/companies-hit-h.html Ashley Allen aallen237 355 344 11 0