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The expanding political and fiscal union in Europe, motivated by a desire not to repeat the mistakes leading to the two world wars, rests on centuries of interrelated but distinct national beliefs, values, desires, and morals—factors that lie at the foundation of economic practices.
When TV producers are looking for footage to illustrate financial news, the easiest choice is often the trading floor of an exchange, with traders gesticulating and shouting.
Confiding in friends that you will soon be flying Spirit Airlines tends to elicit the same response as if you had just confessed to putting your parents in a home.
High-tech start-ups, unconventional management, and a party atmosphere: it sounds like a scene from a modern business incubator, but it also describes Japan’s cotton-spinning industry in the late 19th century.
During his term as chairman of the Federal Reserve, Alan Greenspan suggested in 2004 that Americans who had stuck with fixed-rate mortgages were overpaying for their homes.
Researchers have devised a method that could help some traders, including those managing large portfolios or those working in statistical arbitrage groups who are seeking to capitalize on pricing inefficiencies between securities.
Some researchers have concluded that higher-income homebuyers were moving into poor neighborhoods and driving the mortgage-credit explosion of the mid-2000s.
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