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Crisis Core: Final Fantasy VII [a] is a 2007 action role-playing game developed and published by Square Enix for the PlayStation Portable.The game serves as a prequel to the 1997 title Final Fantasy VII, and is part of the metaseries Compilation of Final Fantasy VII, which includes other products related to the original game.
On May 15, GM recalled 2.7 million more cars, bringing the total number of recalled vehicles in 2014 to 12.8 million worldwide, 11.1 million of which were in the United States. [7] On June 16, 2014, GM announced they were recalling 3.4 million more cars, all of which were produced from 2000 to 2004.
In October 2017, the administration declared a 90-day public health emergency over the opioid epidemic and pledged to urgently mobilize the federal government in response to the crisis. On January 11, 2018, twelve days before the declaration ran out, Politico noted that "beyond drawing more attention to the crisis, virtually nothing of ...
Economist Paul Krugman described the run on the shadow banking system as the "core of what happened" to cause the crisis. "As the shadow banking system expanded to rival or even surpass conventional banking in importance, politicians and government officials should have realized that they were re-creating the kind of financial vulnerability ...
In 2006, the high risk home loans began to fail, yet Moody's and S&P continued, for 6 months, to issue AAA ratings to the same quality securities. After the CDOs and RMBS securities that consisted of these home loans began to incur losses, the rating agencies turned around and quickly began to downgrade the high risk securities.
In finance and investing, Black Monday 2011 refers to August 8, 2011, when US and global stock markets crashed [1] following the Friday night credit rating downgrade by Standard and Poor's of the United States sovereign debt from AAA, or "risk free", to AA+. [2] It was the first time in history the United States was downgraded. [3]
The United States debt ceiling is a legislative limit that determines how much debt the Treasury Department may incur. [23] It was introduced in 1917, when Congress voted to give Treasury the right to issue bonds for financing America participating in World War I, [24] rather than issuing them for individual projects, as had been the case in the past.
source: Final Report of the National Commission on the Causes of the Financial and Economic Crisis in the United States, p.229, figure 11.4 Credit rating agencies came under scrutiny following the mortgage crisis for giving investment-grade, "money safe" ratings to securitized mortgages (in the form of securities known as mortgage-backed securities (MBS) and collateralized debt obligations ...