This past week the stock market took a serious nose-dive, the Dow Jones Industrial Average dropped 500 points on Thursday. As a result, investors across the board have been flocking to safer investments.
The turmoil on Wall Street threatens to wreak financial havoc on a lot of people and institutions — including the country's 1.2 million nonprofits. Charities of all sizes are only beginning to recover from the recession.
Three years ago, the global economy was brought to the brink by a near meltdown of the international banking system. Now we're in trouble again, but this time our economic woes stem largely from the actions of governments.
Switzerland is in danger of becoming a victim of its own success. While much of Europe is swamped by debt, massive unemployment and political turbulence, Switzerland's economy has been humming along nicely.That's starting to cause problems in the form of its super-strong currency.
While Wall Street experiences the biggest stock sell-off in years, some very successful investors don't appear to be concerned. They're out buying stocks while everybody else panics.Top executives are also downplaying the perceived crisis."
The Federal Reserve has issued one of its gloomiest pronouncements about the economy in a long time: It says it sees little prospect that growth will rebound much anytime soon, and that it's ready to keep interest rates low for the next two years.The recent downturn leaves Fed officials without any