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Forget the subprime mortgage mess — Collin Peterson in Europe trying ... - DL-Online
U.S. Rep. Collin Peterson, D-Minn., left for Europe this weekend to discuss ways to regulate little-known and difficult-to-understand “credit default swaps.” “It has to be global,” Peterson said, so he and other House Agriculture Committee ...

Bernanke urges more action on foreclosures - MSNBC
Dec. 4: Ford CEO Alan Mulally testifies that Ford is moving toward matching production with demand and expects profitability by 2011, but would like access to a $9 billion government bridge loan as a safeguard. WASHINGTON - Federal Reserve Chairman ...

ECB cuts rates, following BoE, Swedish Riksbank - Buffalo News
Europe's central banks slashed borrowing costs aggressively Thursday to try and ward off a long recession triggered by the financial crisis. Their rate cuts tried to counter a slowdown that looks longer and deeper than initially feared - but they are ...

People draw unemployment benefits at 26-year high - Buffalo News
More evidence of consumers' weary state and the nation's deteriorating job market came Thursday with reports that people continuing to draw unemployment benefits climbed to a 26-year high, while retail sales and orders to U.S. factories sank. The ...

How to avoid the horrors of ‘stag-deflation’ - Financial Times
T he US and the global economy are at risk of a severe stag-deflation, a deadly combination of economic stagnation/recession and deflation. A severe global recession will lead to deflationary pressures. Falling demand will lead to lower inflation as ...

TransUnion: 3Q credit card delinquency rate rises - Modesto Bee
Dressing alike everyday habit for this couple Pastor's stand draws national spotlight Boy shows up bruised, chained at Tracy gym Look-a-likes: People and their pets Modesto's costly counter: $343,000 Cemetery vandalism: 'It's a heartache' Man killed ...

A wealth of ideas for Obama's stimulus program - Los Angeles Times
In three news conferences last week, President-elect Barack Obama began to outline an economic stimulus and recovery program involving public works, tax breaks and new federal funding for energy research. The planned initiatives provided a spark of ...

Obama's ideas to rev up the nation divide economists - Miami Herald
In three news conferences last week, President-elect Barack Obama began to outline an economic stimulus and recovery program involving public works, tax breaks and new federal funding for energy research. The planned initiatives provided a spark of ...

CML director general addresses annual conference - Politics.co.uk
I have fifteen minutes in which to describe the events in the most momentous year ever in the UK financial services sector. The housing and mortgage markets have been daily news, and centre stage in politicians’ minds and actions. Banks and ...

PhillyDeals: PhillyDeals: Highway tolls a possible topic at Obama ... - Philadelphia Inquirer
President-elect Barack Obama and the National Governors Association are meeting here today in Old City. So what can Obama offer cash-hungry Gov. Rendell and his cronies before they go home to face tight budgets and angry, scared citizens? "As part of ...