With the new General Motors Corp. expressing second thoughts about selling Opel to Canadian partsmaker Magna International Inc
Commercial real estate may soon bulldoze the green shoots. A coming wave of defaults on loans to developers of condominiums, office buildings and malls could do significant damage to the already deflating economy.
The United States is fighting enemies in Iraq, Afghanistan and extremist cells around the world, but there is a much deadlier domestic threat facing President Barack Obama. It’s the fact that nearly 50 million Americans haven’t got enough money to see a doctor when they’re sick. By one government estimate 18,000 people die unnecessarily for lack of medical care every year, many times more than terrorists or soldiers target.
Federal Reserve chairman Ben Bernanke, speaking via satellite to a bank conference sponsored by the Chicago Federal Reserve Bank, said on Thursday morning that the stress tests ‘will allow, I hope, for greater confidence in the banks.’ But even though the stress tests are over, the banks and their investors are not out of the woods.
American cyclist Lance Armstrong suffered a shattering blow in his comeback bid on Monday when he broke his right collarbone after falling on the first stage of a five-day race in northern Spain. Doctors were determining whether the record seven-time Tour de France champion would need surgery said Jacinto Vidarte, spokesman for the Vuelta Ciclista Castilla y Leon race.
American cyclist Lance Armstrong, the only man to win the Tour de France seven times, crashed on the first stage of a five-day race in Spain on Monday and was taken to a hospital by ambulance. Armstrong reportedly fell around 20 kilometers from the finish and was seen pointing to his collarbone, CNN’s Al Goodman reported from northern Spain. Organizers said Armstrong was taken to hospital and had withdrawn from the race.