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Paulson Considers New Plan to Resuscitate U.S. Housing Market - Bloomberg
Dec. 4 (Bloomberg) -- Treasury Secretary Henry Paulson is considering a new plan to reduce mortgage rates in another bid to revive the U.S. housing market, a government official said. The Treasury, which already has a program to buy mortgage- backed ...

NEWS BRIEFS - Columbus Dispatch
Rates on 30-year mortgages plunged this week to the lowest level since January after the government launched a sweeping new effort to aid the U.S. housing market. Mortgage finance giant Freddie Mac reported yesterday that average rates on 30-year ...

Shoppers have reasons to act like grinches - Cleveland Plain Dealer
WASHINGTON -- Federal Reserve Chairman Ben Bernanke pleaded Thursday for more government action to relieve the foreclosure crisis and break a vicious cycle in which the housing meltdown is plunging the country deeper into recession. Beaten-down ...

Ohio wins court settlement against mortgage lender - Zanesville Times Recorder
COLUMBUS (AP) - A bankrupt subprime lender accused of shoddy practices has been barred from accepting mortgage applications in Ohio, state Attorney General Nancy Rogers announced Wednesday. The agreement with New Century Financial Corp. of Irvine ...

British manufacturing contracts at record pace - Cleveland Plain Dealer
LONDON (AP) — British manufacturing activity contracted at a record pace during November as new orders collapsed, a closely-watched survey found Monday, stoking expectations that the Bank of England may slash its benchmark interest rate by a full ...

Major European Interest Rate Cuts Fail to Rally World Markets - Digital Chosunilbo
A broker is seen under the curve of the German stock index DAX at the stock market in Frankfurt, central Germany, Dec. 4, 2008. Continued economic weakness has led to another round of interest rate cuts in Europe, while the number of Americans ...

Gaston among a dozen counties with jobless rates above 9 percent - Gaston Gazette
Gaston County's unemployment rate jumped by the largest percentage of any North Carolina county from September to October - an increase of 1.4 percent. With a total workforce of 103,447 in October, 9.1 percent of Gaston County workers were jobless ...

RealMoney.com: Market Commentary - Street.Com
The market celebrated Thanksgiving with the best weekly advance in 34 years. The 12% gain was the most since 1974. The S&P 500 is now up 19% from its recent low, although still off 43% from its high reached in October 2007. All it took was for the ...

Cause and Effect - American Enterprise Institute
Although the media are full of talk that we face a "crisis of capitalism," the underlying cause of the financial meltdown is something much more mundane and practical--the housing, tax, and bank regulatory policies of the U.S. government. The ...

Latest News - dBusinessNews.com
Maurice's Gourmet Barbeque Recognized by Kiplinger's Personal Finance Magazine COLUMBIA -- Maurice's Gourmet Barbeque is pleased to announce the ... Microsoft and EMC's RSA Security Division Team Up to Help Customers Secure Sensitive Data HOPKINTON ...