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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 ...

Dems Give White House Ultimatum on Auto Bailout - ABC News Blogs
ABC News' Z. Byron Wolf Reports: Democrats sent a clear message to the White House tonight - make some of the $700 financial industry bailout money available to the domestic auto industry or else. And they want an answer by Friday. Auto makers ...

Legal & General cuts with-profit bonus rates - Times Online
Legal & General has become the latest insurer to cut terminal bonus rates on with profits funds. The FTSE 100 company is cutting rates by between 5 and 9 per cent in the wake of falling and turbulent stock markets. The move means that a 25-year £50 ...

James Grant Pops Greenspan’s Bubbles, Makes Yield Pigs Squeal - Bloomberg
Nov. 25 (Bloomberg) -- James Grant , the vigilant editor of Grant’s Interest Rate Observer, is nothing if not prescient. In 1999, when the bestseller “Dow 36,000” appeared, Grant pictured a different asset class -- home sweet home -- hitting ...

Greenspan 'shocked' that free markets are flawed - International Herald Tribune
WASHINGTON : For years, a congressional hearing with Alan Greenspan was a marquee event. Lawmakers doted on him as an economic sage. Markets jumped up or down depending on what he said. Politicians in both parties wanted the maestro on their side ...

Meltdown 101: Why the world's interest rates vary - Buffalo News
European central banks cut their interest rates dramatically Thursday, but most of them are still higher than the Federal Reserve's 1 percent target rate. Which raises a question: If the financial meltdown is global in nature, why do interest rates ...

Bernanke Put Shows Fed Securing Markets Beyond Greenspan Grasp - Bloomberg
Nov. 10 (Bloomberg) -- Leave it to Federal Reserve Chairman Ben S. Bernanke to make obsolete almost everything his predecessor, Alan Greenspan , did to win investors' confidence. It was only 14 months ago, during the first signs of credit seizing up ...

GMAC 3Q loss widens, blames economic woes - Buffalo News
GMAC Financial Services said Wednesday its third-quarter loss widened to $2.52 billion, as the ongoing woes of the global credit industry resulted in steep losses at its mortgage division. For the year-earlier period, GMAC had a loss of $1.6 billion ...

What's out: Alan Greenspan. What's in: Warren Buffett. - Walletpop.com
It's the end of an era. Former chair of the Federal Reserve Alan Greenspan's urbane outlook and exuberant approach to economics, has been usurped by hometown billionaire Warren Buffett, whose corn-fed approach to investment has always seemed stodgy ...

Democrats aim to end GOP reign in Oakland - Oakland Press
Republicans have held the top six countywide administrative offices for more than three decades, but it’s a trend that Democrats hope to break this year. “The bottom line is that our countywide field is strong,” says Oakland County Democratic ...