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The Global Economic Perspective.

Publication: APS Diplomat Operations in Oil Diplomacy
Publication Date: 24-MAR-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
The world's economy is in a bad state and the situation in the US could get worse in the coming months. Caused by the sub-prime crisis in the US housing sector in 2007, the problem is affecting the real estate markets across the world.

Washington prodded Bear Stearns Co. (BSC), until one...

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...recently of the top six US investment banks, to accept its being acquired by JP Morgan Chase & Co. (JPM) at a bargain of $2 a share on March 16. The...

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