Article: 2007: the year in review.(SPECIAL REPORT)(Brief article)

ONE thing's for sure about 2007: It's one year that won't be passed over in the history books. The biggest business story of the past 12 months was by far the tectonic shift in the housing market, which marked the end of its decade-long advance with slumping sales and prices--and the utter collapse of the subprime lending market. And if that were only all. The ensuing widespread credit crunch slowed mergers and acquisitions, and now threatens the general economy. But ...

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