Report Says Olympics Games 2008 Adds Little Financial Burden To Beijing Government
Despite being billed as the costliest Games ever, Beijing Olympics 2008 won't be a financial millstone around the neck of the Beijing municipal government in the years to come.
2007 Annual Global Corporate Default Study And Rating Transitions
Despite the liquidity disruption in the credit markets, the incidence of corporate defaults in 2007 remained low, maintaining the trend prevalent in the past few years. The global corporate default rate remained near its all-time low in 2007, reaching 0.36% at year end, compared with 0.46% in 2006. However, tightening credit conditions are likely to increase in 2008. Although our latest default study only covers defaults through year-end 2007, early reports are indicating that the default rate already began to climb in January 2008.
> What's Driving The Dramatic Shift In Wealth To Asia Standard & Poor’s Chief Economist David Wyss discusses the primary reasons behind the shift in global wealth to Asian countries. Other topics include how the U.S. can compete more with Asian interests, the slowing inflow of funds into the country, the effects of the falling dollar on the economy, and more.
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