Should stimulus be targeted toward displaced workers, rather than across the economy?
Academic medical centers, French elections and Chinese garment workers
Though defaults are low, rates on credit card loan-backed notes are high
When bad times hit, highly indebted companies often have to sell operations and equipment at fire-sale prices
Tyler Muir finds that neither war nor deep recession darkens investor sentiment like sudden turmoil in the financial system
Adjusting for inflation — and, crucially, for taxes — shows bond investors fare better than they might think
Restraining lenders saved hundreds of billions in home value
Federal loan modification program led borrowers to default