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Can Obama save the Big Three? - Philiy.comSenate and House hearings that begin Thursday could make or break the American auto industry and pose a major test of whether the White House and incoming Obama administration can work together to save the companies from collapse. The stakes are ...
Bailout Efforts Now Focus On Main Street, Not Banks - CNBCAttention Santa Claus: The financial bailout has a new address—It's Main Street, not Wall Street. Having thrown trillions of dollars at Wall Street and the financial sector, Fed Chairman Ben Bernanke and Treasury Secretary Henry Paulson now appear ...
Unemployment remains low - Jonesboro SunJONESBORO — Despite reports that a national recession has plagued the U.S. economy since late 2007, Northeast Arkansas’ unemployment numbers remained low through October. Jonesboro’s rate of 4.4 percent was one-tenth of a percent lower than it ...
Key Variables to Watch for in Friday's Jobs Report - Seekingalpha.comFriday, the Labor Department will report employment data for November. In October, the economy lost 240,000 jobs, and the consensus forecast is for another 300,000 jobs lost in November. My forecast is for a 275,000 loss. From December through ...
Sickly Banks Still Loaded With Toxic Debt - Investors Business DailyIt looks like things might go back to square one in terms of government plans to deal with toxic debt at U.S. banks. Some analysts say federal regulators will keep pursuing stopgap measures to bail out some institutions — like the one recently ...
Fed And Treasury To The Rescue. Again. - ForbesUnder a plan announced Tuesday, the Fed will issue as much as $200 billion in one-year loans to holders of new, top-rated, asset-backed securities in an effort to boost consumer lending. The idea is to give banks more liquidity so they can make auto ...
Change we can bank on - Asheville Citizen-TimesThis is not change we can believe in. Not if Robert Rubin or his protege, Lawrence Summers, get to call the shots on the economy in President-elect Barack Obama’s incoming administration. Both Clinton-era treasury secretaries deserve a great deal ...
Latest Stats Confirm Battered Economy - CBS News(CBS/AP) 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 terrorist ...
Toronto cracks down on the threat of bottled water - American ThinkerIt seems like only yesterday that bottled water was cool. Europeans drank it after all, and LA trendies carried bottles suspended from their necks in cute leather harnesses. How 90's that all is now! Hollywood North (aka, Toronto) has fearlessly ...
US Diluted Loan Rules Before Crash - Common DreamsWASHINGTON - The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient ...
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