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Government May Buy Bank Shares
The Bush administration is hammering out final details of a plan that would allow the government to inject cash into banks in exchange for ownership stakes in an effort to shore up confidence in the faltering financial system, according to officials and sources who have been in contact with the Treasury Department. ...more
October 10, 2008
GM Keys Dow Drop To 5-Year Low, Below 9,000
NEW YORK - The Dow Jones industrials have fallen below the 9,000 mark, hurt by a steep decline in shares of General Motors Corp. The blue chip index is extending its selling to a seventh straight day Thursday as investors grapple with worries about the credit markets and the economy. ...more
October 9, 2008
We Can't Take Four More Years Like The Last Eight
Re: Bob Shulters' letter to the editor in the Oct. 2 edition of Hernando Today. ...more
October 9, 2008
Global Authorities Coordinate Interest Rate Cut
In a rare coordinated move, the Federal Reserve and other major central banks from around the world slashed interest rates Wednesday to prevent a mushrooming financial crisis from becoming a global economic meltdown. ...more
October 8, 2008
How Will The Credit Crunch Affect Me?
The credit markets can be mind-numbing in their complexity, but they are vital to what happens in our everyday lives. They're also the reason President Bush proposed the controversial $700 billion rescue plan. Here are some answers to questions about the credit markets. ...more
October 8, 2008
Dems Blocked GOP Attempts To Reform Fannie Mae, Freddie Mac
It did not surprise me to see a letter like the one written by Dallas Dunlap in which he basically blames the Republicans for wrecking the United States. After all, in the world of Dallas Dunlap, Frances Earl and Ted Rall, Republicans are evil and Democrats are the saviors of mankind. ...more
October 8, 2008
Candidates Argue Economy, Foreign Policy At Debate
Barack Obama and John McCain clashed repeatedly over the causes and cures for the worst economic crisis in 80 years Tuesday night in a debate in which Republican McCain called for a sweeping $300 billion program to shield homeowners from mortgage foreclosure. ...more
October 7, 2008
Philadelphia Widow Sues VA Over Husband's Suicide
The widow of an Iraq war veteran who committed suicide while in outpatient care for depression at a Veterans Administration hospital has sued the federal government for negligence. ...more
October 7, 2008
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