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As Loan Rates Fall, Borrowers Seek 'Taste of the Bailout Pie ... - Washington Post
Would-be mortgage borrowers have rushed to refinance their loans and even weighed plans to buy homes following the government's move this week to loosen consumer lending. With interest rates suddenly plummeting, "the phone is ringing, the e-mails ...

Nowotny Says ECB Should Keep ‘Firepower’ on Rates, Be Cautious - Bloomberg
Nov. 25 (Bloomberg) -- European Central Bank council member Ewald Nowotny said he favors the bank retaining some “firepower” as it tackles the recession, suggesting he sees no need for more aggressive interest-rate cuts yet. “Nobody really ...

Nowotny Says ECB Should Keep ‘Firepower,’ Be Cautious (Update1) - Bloomberg
Nov. 25 (Bloomberg) -- European Central Bank council member Ewald Nowotny said he favors the bank retaining some “firepower” as it tackles the recession, suggesting he sees no need for more aggressive interest-rate cuts yet. “Nobody really ...

Mortgage rates fall to a 5-week low - San Francisco Gate
Rates on 30-year mortgages dropped sharply this week, falling to the lowest level in five weeks. Mortgage giant Freddie Mac reported Thursday that 30-year fixed-rate mortgages averaged 6.04 percent this week, down from 6.46 percent last week. The ...

On Road to Recovery, Stocks Wait for Real Estate - CNBC
We asked Gary Vaynerchuk of Wine Library TV to tell us about his favorite brands of Bourbon, Irish Whiskey and Single Malt. Consider real estate to be the missing link in the stock market recovery. The subprime mortgage collapse and credit crunch ...

A Cuban taboo up in smoke - Chicago Tribune
The Blagojevich administration says budget cuts will mean 85 workers in three state agencies will be out of a job at the end of the Thanksgiving weekend. Blagojevich spokeswoman Marcelyn Love said Wednesday 48 workers will be laid off at the... Every ...

Investors Get a Rate Cut, But Wonder What's Next - CNBC
Here are some of the more notorious prostitution scandals that have made their way into the headlines over the years. A round of coordinated interest rate cuts failed to reassure global stock markets, fueling speculation that governments will have to ...

Europe's financial crisis is spreading eastward - Christian Science Monitor
Berlin - A rapidly mounting currency crisis within Eastern Europe is threatening to spill across the wider European Union, an event that could spark a second epicenter in the global financial crisis, economists say. That's why the International ...

Register for FREE - Wall Street Journal
BUDAPEST -- On Wednesday, it was Hungary's turn to take desperate measures. As the financial shock that began in the U.S. reached deeper into emerging markets, Hungary's central bank took the dramatic step of raising interest rates by a steep three ...

How Many Countries Will Need IMF Help? - BusinessWeek
As the financial crisis spreads, Eastern European economies that have lived off cheap credit are hurting. Many could require bailouts It's now clear that the global financial crisis has not only crossed the Atlantic into Europe, it has spanned the ...