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  1. Backgrounder: Subprime mortgage crisis (People's Daily)
    english.people.com.cn
    In the United States, loans are classified into prime and subprime loans according to the borrowers' credit. The interest rate of subprime mortgage is higher than that of prime mortgage as subprime mortgages have a much higher rate of default. The reason for the subprime mortgage crisis was the bursting of the housing bubble. The creation of the bubble was directly linked to the consumption ...
  2. Right way to build your debt portfolio - Hindustan Times
    www.hindustantimes.com
    An investor should have a clear policy regarding distribution of his portfolio among various asset classes. Often such a policy is framed, depending more on the prevailing situation and not with some careful thought. The debt part of the portfolio ...
  3. Economic realities take toll on Cascade College (The Oregonian)
    www.oregonlive.com
    This week's news that Cascade College in East Portland will close after 15 years underscores how the economic downturn is threatening small private colleges, the school's president said Friday. Bill Goad, who has been president of the small Christian college...
  4. Commentary: Detroit will never be the same - Detroit News
    www.detnews.com
    It's over, folks. No matter what comes of the increasingly frantic Detroit bailout talks in Washington, or General Motors Corp.'s desperate bid to keep its critical cash hoard from disappearing, or Chrysler LLC's next move to avoid bankruptcy, or ...
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