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Read BusinessWeek Magazine, October 13, 2008 Online

The New Financial Ice Age

Top Stories
The Credit Crunch Spreads to Business

If companies around the globe are unable to borrow, they'll begin to cut jobs, cease investment, and default on their debt in larger numbers

The credit crunch hit 2640 Merchant Drive in Baltimore in September when Drew Greenblatt asked his bank for a $175,000 increase in the line of credit for his thriving company, Marlin Steel Wire Products. The bank said it wouldn't give him the money unless he put an equal sum into a certificate of deposit. In other words, the bank wasn't willing to let one more dime out of its sight. "It's laughable," says Greenblatt, not quite laughing. "We're a profitable company. When banks can't service guys like me, how are they doing it for the other guys?" ...

Dangerous Fakes
How counterfeit, defective computer components from China are getting into U.S. warplanes and ships

    * Slide Show: Where Counterfeiters Lurk
    * Narrated Slide Show: How Counterfeit Microchips Make Their Way from China to the Pentagon

The Power 100
Meet the most influential people in the business of sports, plus The Global 25 and how to fix a football franchise

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