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eTN Executive Talk: Fannie Mae VP speaks the truth

World Economy

eTN Executive Talk: Fannie Mae VP speaks the truth

By Hazel Heyer, eTN Staff Writer

Formerly called the Federal National Mortgage Association or FNMA, Fannie Mae was established in 1938. Its initial goal was to stimulate the housing industry following the Great Depression.

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And it all comes crashing down…

Global Travel & Tourism

And it all comes crashing down…

By Yusof Sulaiman, Special to eTN

Will the travel and tourism industry be the next to follow the economic travails of real estate foreclosures and banking meltdowns in the United States that is ailing the world's economy?

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Distressed market means more years of suffering for the West, not for Mid-East

World Economy

Distressed market means more years of suffering for the West, not for Mid-East

By Hazel Heyer, Special to eTN

With foreign direct investments (FDI) flowing well into the Middle East, particularly the United Arab Emirates, developments are mushrooming non-stop.

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Oil-fueled catastrophe in the airline industry would cripple US economy and eliminate US jobs, study reveals

US Aviation

Oil-fueled catastrophe in the airline industry would cripple US economy and eliminate US jobs, study reveals

By eTN Staff Writer

A new study prepared by the Business Travel Coalition (BTC) has revealed that the skyrocketing price of aviation fuel will have devastating implications far beyond new surcharges for checked bags and

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Food and oil scarcity means tougher times ahead

Economic Slowdown

Food and oil scarcity means tougher times ahead

By Hazel Heyer l Special to eTN

Professor Norbert Walter, chief economist of Deutsche Bank Group and head of Deutsche Bank Research, is worried about the present. “When times are critical for the world economy, except for Russia, the world lacks dependable leaders. When the economy is a problem, social issues and environment also pose a grave problem.

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US economic slowdown: Coming to an end or just beginning?

US Economic Slowdown

US economic slowdown: Coming to an end or just beginning?

By Hazel Heyer

DUBAI, United Arab Emirates (eTN) - When Jean-Claude Baumgarten, president of the World Travel and Tourism Council, sounded as though he was just joking, he truly wasn’t. He warned the US to take heed of the signs of the times sometime in January. He left with this remark: “In the past, when America sneezes, Europe catches a cold and the ... read more

Worst is yet to come for US

Economy

Worst is yet to come for US

By Hazel Heyer

Los Angeles, California (eTN) - At the America’s Lodging Investment Summit (ALIS) held here January 28-30, 2008, Gene Sperling, former White House National Economic advisor who served during former President Bill Clinton’s term and who is also a former director of the National Economic Council, expects the real downturn in US economy is yet ... read more