How Small Is It?
New Zealand’s entire gross domestic product, the value of all goods and services produced within a year, was approximately $128.1 billion in 2007, around the same amount as the state of Iowa. The importation of one major piece of industrial machinery earlier this year required a comment in investment banks’ economic reports [...]

MLB asks:
“Looking around, it seems to me as if one of the greatest economic problems is one of distribution: on the one hand a few own the majority of the resources, while on the other there are large numbers of people who do not have enough to get by. To read the newspapers, however, one [...]

In the past lenders held on to mortgage loans as they were made. Today, the situation is very different. Lenders package mortgage loans into securities and sell these securities to investors. This practice gives rise to one issue at the time of foreclosure – who owns the note on the home? This issue can cause [...]