| Notebook: Division III schools get to play at MSG
She spent the past three years as an assistant at Stanford, but was ready for a change. "For me it was just to experience something different,'' she said. "I'd been at Stanford for a while. Having played there, that was all I really knew. I wanted to be on the building side of things. I think at Stanford it's more of a mentality of, 'Come join in.' Here, I feel like it's, 'Hey, let's come and make this happen.' Joanne Boyle has done a great job building this foundation with the young talent we have. Now we're trying to take that to the next level. "I wanted to know what it's like to build something and be the hunter and go after that first Pac-10 championship. We're trying to do that. We'll see what happens.'' The eighth-ranked Bears have a two-game lead in the Pac-10 and would be in control of the conference with a win against No.
Wall St braced for $10bn more credit crunch hits
Major banks on both sides of the Atlantic are braced for more heavy losses this year because of their exposure to the deepening subprime and credit crisis. In the UK banks including Barclays, Royal Bank of Scotland and HSBC are facing "major trading losses". In the US, large major banks and brokerages will suffer additional writedowns of more than $10 billion in the fourth quarter as deteriorating credit trends continue to undercut the value of subprime mortgages and related securities Analysts at Goldman Sachs predicted today that profits at Barclays Capital, the UK bank's debt focused investment bank, will tumble 40 per cent year-on-year to just £583 million in the second half. .
Are there any good investment opportunities from this subprime mess?
If there's a silver lining, it's the residential rental market. The high rate of foreclosures has flooded the real estate market, driving down prices. The S&P/Case-Sheller housing index reported a 5 percent decline in August -- the eighth consecutive monthly drop. .
Slowdown, but not crash and burn
Should we devote so much attention to this ugly abstract noun "recession"? Who cares whether the R-word turns out to be a valid description of the year ahead? Everyone knows that the world economy is still in the midst of a financial crisis. By the time the US mortgage mess is cleared up, millions of people will lose their homes or jobs, banks will suffer losses adding up to hundreds of billions and economic activity will surely weaken around the world. So what does it matter whether the slowdown that lies ahead is formally described as a "recession" - especially since economists, true to their indecisive reputation, cannot even agree on how a recession is defined? Some say that it takes two successive quarters of negative GDP growth to make a recession; but on that basis there have been no recessions at all since 1992 in Britain, America or France.
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