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Tag : recession (122)
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Long-distance commuters’ road to nowhere
Posted by: TechnologyExpert 4 weeks, 1 day agoFor Dollie Kinkead, the economic turmoil gripping the country translates into an 80-mile drive each work day from a house she can't sell to ...
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Fannie, Freddie bailout may have $25 billion tag
Posted by: TechnologyExpert 4 weeks, 1 day agoWASHINGTON (Reuters) - Congressional budget analysts on Tuesday put a $25 billion cost estimate on a Bush administration plan to bolster mortgage finance giants Fannie Mae ...
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Capitol Idea: Time For Economic Relief, Not Stimulus
Posted by: SNance 4 weeks, 1 day agoThe headlines are telling us policymakers are running out of tools to avert further economic slowdown, or outright recession. Policymakers should accept the fact bad ...
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Give Retirees Emergency Social Security Boost, Advocates Tell Congress
Posted by: SNance 4 weeks, 1 day agoLawmakers should enact an emergency Social Security cost-of-living adjustment (COLA) to protect retirees against the economic downturn, according to an organization that advocates for retirees.
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Woes Afflicting Mortgage Giants Raise Loan Rates
Posted by: TechnologyExpert 4 weeks, 1 day agoMortgage rates are rising because of the troubles at the loan finance giants Fannie Mae and Freddie Mac, threatening to deal another blow to the ...
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Bush Drops Opposition to Housing Bill
Posted by: TechnologyExpert 4 weeks agoWASHINGTON (AP) --President Bush dropped his opposition Wednesday to legislation aiming to calm the chaotic housing market despite his objections to a $3.9 billion ...
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Flint, Michigan home sold in 2005 for $110,000 now available for $5000
Posted by: _kam0_ 3 weeks, 6 days agoFannie Mae , the largest U.S. mortgage
finance company, couldn' t find a buyer who would pay $6,900 for
the three-bedroom house at 1916 ...Discuss (0)
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Greenspan: Patron Saint of America's Affluentocracy
Posted by: populist 3 weeks, 6 days agoAlready six to nine months into the recession, government leaders are still telling us that it is just a period of slow growth, a pit ...
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Existing home sales tumble 2.6 percent, double expectations
Posted by: TechnologyExpert 3 weeks, 6 days agoSales of existing homes fell more sharply than expected in June as the housing industry continued to be bruised by the worst slump in more ...
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Ford Posts Loss of $8.7 Billion on Asset Woes
Posted by: TechnologyExpert 3 weeks, 6 days agoThe Ford Motor Company, stunned by abysmal sales of its most profitable vehicles and a sudden shift in consumers’ tastes, said Thursday that it lost ...
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Inflation Deflation Red-flation Blue-flation
Posted by: populist 3 weeks, 6 days agoMost people are led to believe that deflation is a bad thing, but it is not. In fact, it is precisely what the economy requires ...
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Stocks tumble after sales of existing homes fall
Posted by: TechnologyExpert 3 weeks, 6 days agoWall Street abruptly ended an earnings-driven rally and closed sharply lower Thursday after a steeper-than-expected decline in existing home sales and worries about the financial ...
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Foreclosure filings up 121 percent from last year
Posted by: TechnologyExpert 3 weeks, 5 days agoHome foreclosure filings rose 14 percent in the second quarter, the eighth consecutive quarterly climb, and more than doubled from the same period a year-earlier ...
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PG&E Warns Bills Could Soar This Winter
Posted by: TechnologyExpert 3 weeks, 5 days agoPacific Gas and Electric Co. warned Thursday that its electricity rates could rise 4.4 percent, on average, in October and another 11 percent in ...
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Owning Precious Metals Is the Best Way to Protect Your Savings
Posted by: MurrayRothbard 3 weeks, 5 days agoMuch of the recent drop in oil prices is due to the rally in financials, says Byron King. But the black goo is still double ...
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