Focus
2008 financial crisis
China’s Plunging Housing Market Is Only Halfway to Bottom, Analysts Say
Financial analysts predict another two years of misery before prices begin to recover.
Basic Architecture of Chinese Economy Is Broken, Hedge Fund Manager Bass Says
Kyle Bass warns that China’s real estate problems could result in a crash worse than the 2008 financial crisis that originated in the United States.
Film Review: ‘Abacus: Small Enough to Jail’
Documentarian Steve James delivers a stinging indictment of an unjust prosecution/persecution in “Abacus: Small Enough to Jail.”
Authorities Reach $3.2B Settlement With Morgan Stanley
Federal and state authorities on Thursday announced a $3.2 billion settlement with Morgan Stanley over bank practices that contributed to the 2008 financial crisis, including misrepresentations about the value of mortgage-backed securities.
Wall Street Profits $8.7B in 6 Months
The securities industry in New York City tallied $8.7 billion in profits during the first half of 2014, which was 13 percent lower than the same period last year as it continued to deal with the fallout from the 2008 financial crisis, New York’s comptroller reported Tuesday.
