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
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After Virginia Tech and Miami of Ohio shut down their regional full-time MBA programs, who’s next?
Critics say the agency charged with keeping regulations from burdening small companies actually serves big corporate interests
Investors & Developers
What he does: managing director, TIAA-CREF
In position since: 1995
Why he is powerful: TIAA-CREF is a pension fund manager for people who work in the academic, research, medical, and cultural fields. Led by Tom Garbutt, head of TIAA-CREF Global Real Estate since 2000, the firm is one of the largest commercial real estate owners in the nation. By the end of 2009, it owned $14 billion of primarily high-quality properties in the office, retail, industrial, and multifamily sectors across the U.S., Canada, and Western Europe.