The short answer: Not much right away, although failing to pay creditors is never a good thing for a nation's creditworthiness
Coca-Cola’s North America president, Sandy Douglas, oversees a relaunch of America’s No. 1 soft drink
Four years after the Citizens United decision, out-of-state cash is flowing down to state races
Phony phone-bill items from third-party scammers date back almost 20 years
Yves Béhar's Public Office Landscape turns the workstation into a social hub
A Bluetooth-enabled sneaker from an India-based startup doubles as a fitness tracker and personal tour guide
Critics say the agency charged with keeping regulations from burdening small companies actually serves big corporate interests
Once upon time, when million-dollar bonuses rained down upon Wall Street, bankers would think nothing of blowing tens of thousands of dollars on an exotic car—or two. Driveways in the Hamptons, Greenwich, and Palo Alto were decorated with gleaming German and Italian machinery. But now, as the bonuses have dried up, so have sales of Mercedes and BMWs. In the harsh new reality confronting the financial sector—salary caps! nationalization of banks! Lehman Brothers!—it will be the rare banker who can afford to take his check and blow it at his local Ferrari dealer—assuming, of course, that he even got enough this year to make a down payment.
Read on to see which cars bankers—and nearly everyone else—will only dream about driving this year.
Business Exchange related topics:
Global Auto Industry
Financial Services Industry