|Volume 11, Number 2
Second Quarter 2009
Fed @ Issue
Grassroots: Hattiesburg, Miss.
Q & A: Clint Mueller
Now and Then
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||Southeastern Banks: In the Eye of the Storm
When real estate investments began going bad, they weighed heavily on banks—especially those in the Southeast, where real estate development had become a major economic driver for the region. Banks' return to health is closely tied to real estate's rebound.
||State and Local Budgets Hinge on Economic Recovery
During a recession, consumers try to tighten their belts and spend less. Regional governments, however, have seen demand for their services increase even as the revenues needed to pay for those services have declined along with sales and property tax collections.
Strong Medicine for an Ailing Economy
Disruptions in the financial sector have made the recession unusually persistent. To combat the forces impeding an economic turnaround, the Fed has developed a potent arsenal of tools to foster recovery and revitalize markets.
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