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The Bailout So Far - Wall Street Journal
Here's a fact to mull over: Washington a few months ago might have bought the entire stock of subprime mortgages for about half the money committed by the Fed and Treasury last week to prop up Citigroup and spur consumer and mortgage lending. Corbis ...

4 reports reveal battered economy - Batavia Sun
WASHINGTON – The government released a quartet of reports Wednesday that paint a bleak picture of the nation's economy: Jobless claims remain at recessionary levels, Americans cut back on their spending by the largest amount since the 2001 ...

In hard economic times, a ripple effect takes place - Batavia Sun
Only five customers sat in Tom's Restaurant at 2701 E. 130th St. at lunchtime on a recent weekday. Tom's used to be packed with workers from the nearby Ford plant -- but more than 800 workers were cut in recent weeks, and times are hard. "I've never ...

Outlook mixed for $22 billion finance company sector - National Business Review
Finance company collapses in the last year have hit the property development industry, but it is vehicle dealerships that will suffer in the future with the withdrawal of their financiers, a report said today. At least 10 finance companies have ...

Dollar Up Vs Euro, Down Vs Yen As Risk Aversion Sets Back In - FXStreet.com
NEW YORK (Dow Jones)--The dollar is up against the euro Wednesday as risk aversion seeps back into the market following a rally in the previous session. The release of disappointing U.S. data early Wednesday is helping to refocus market attention on ...

Full text of the ministerial statement by Kevin Rudd - The Australian
THIS morning I returned from APEC where my discussions with leaders from all around the region confirmed what we already knew: that the world economy is deteriorating rapidly. The impact of the global financial crisis, which began out of the US sub ...

Fred Russell case may spur tougher drunk-driving penalties - Spokane Spokesman-Review
Fred Russell may be sitting in a cell, but his name’s popping up frequently in Olympia, where state lawmakers are weighing changes to catch drunken drivers and toughening the sentences for those who kill. “We will tell people once and for all ...

As economy sours, Jewish nonprofits in Palm Beach and Broward counties ... - Chicago Tribune
Jewish nonprofits in South Florida say they're seeing a sharp rise in calls for financial help as the economy contracts. Agencies are stretching dollars to meet fresh needs, ranging from a new job to cash for the telephone bill. In Palm Beach County ...

How the Thundering Herd Faltered and Fell - The Ledger
“We’ve got the right people in place as well as good risk management and controls.” — E. Stanley O’Neal, 2005 THERE were high-fives all around Merrill Lynch headquarters in Lower Manhattan as 2006 drew to a close. The firm’s performance ...

Business events scheduled for the coming week - Forbes
WASHINGTON - Weekly Treasury auction; Weekly Treasury briefing; Commerce Department releases existing home sales for September, 10 a.m. ST. LOUIS - Arch Coal Inc. reports third-quarter financial results. LOUISVILLE, Ky. - Humana Inc. reports third ...