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What caused economic crisis? No one thing - St. Petersburg TimesIn this complex financial crisis, the presidential candidates have the biggest megaphone of all to help us understand the mess we're in. But relying on them for an unvarnished view is like asking competing trial attorneys to provide the "facts" of a ...
Beyond the bail-out - Guardian UnlimitedThe US financial system will remain in tatters even if the bail-out succeeds beyond anyone's wildest dreams. The core problem is the large and growing volume of bad loans, which currently exceeds $700bn by most estimates. While this has usually been ...
Will anything end the panic? - Guardian UnlimitedIt was nineteen minutes to noon on Wednesday when Gordon Brown took the call from Mervyn King. With the seconds ticking away to the first Prime Minister's Questions since the summer break, the governor of the Bank of England had dramatic news: secret ...
After the bailout, then what? - San Francisco GateMonday, October 6, 2008 "We're now at the point where people need proof that the government's actions will work. Not until there's some evidence that they are successful will the markets settle," said Mark Zandi, chief economist at Moody's Economy ...
(10-06) 19:04 PDT -- What if the bailout doesn't fix the U.S. economy? - San Francisco GateWith panic gripping Wall Street and global financial markets Monday, the notion that the $700 billion rescue plan approved by Congress last week could fall short gained credence even before the first dollar has been spent. "We're now at the point ...
Phoenix pawn shop busy as people struggle with economy - KTAR.comMore people are pawning their "stuff" just to make ends meet in the tight economy. Mo Money Pawn Shop in Phoenix is filled with guns, jewelry and big screen televisions, and owner Eric Baker said business is brisk. "I now have 12 people working here ...
Business owners don’t buy bailout - Baker City HeraldBaker City businesses are feeling the pain of an economic downturn caused in part by the nationwide sub-prime lending mess, regulatory lapses and roller-coaster property valuations. Many local business owners opposed the $700 billion government ...
Site Presented By - SalonOn Monday I briefly discussed the “Long Depression” set off by the great financial panic of 1873. This morning, I stumbled across a fascinating article in the Chronicle of Higher Education by 19th century historian Scott Reynolds Nelson ...
The gloom spreads north - Globe and MailR L from Canada writes: But, but, but.... Jim Flaherty & Steve Harper say the gloom will NOT spread north... if they say so, it must be true? Bush & Harper both said the 'fundamentals are strong'. Flaherty/Harper's plan is the 'do nothing', laissez ...
If $700 billion rescue plan fails, other remedies can be tried - ScrippsNewsWith panic gripping Wall Street and global financial markets, the notion that the $700 billion rescue plan approved by Congress last week could fall short gained credence even before the first dollar has been spent. "We're now at the point where ...
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