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Fed Focuses on Consumer, Corporate Loan Rate Spreads (Update1) (Bloomberg)
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Tue, 06 Jan 2009 18:03:53 GMT
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Jan. 6 (Bloomberg) -- Federal Reserve officials are focused on driving down the spreads between U.S. Treasury yields and consumer and corporate loans, after cutting the main interest rate to almost zero failed to revive lending.
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Flaherty considers additional tax reductions (CTV Winnipeg)
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Tue, 06 Jan 2009 16:05:20 GMT
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Finance Minister Jim Flaherty said Ottawa and Canada's banks will create a working group to loosen tight consumer credit, which has been the "number one concern" voiced during pre-budget consultations.
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Law Center Presents 'Global Financial Crisis for Dummies' (Newswise)
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Tue, 06 Jan 2009 14:19:10 GMT
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For visual evidence of just how bad the global financial crisis has become, visit the Web site of the University of Iowa Center for International Finance and Development. If you dare. The page has a meticulously detailed timeline of events leading up to the economic collapse, and it highlights news reports of every struggling investment bank, failed mortgage company, missed-earnings warning, ...
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Mother (and father), can you spare a dime? (Money via Yahoo! Finance)
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Tue, 06 Jan 2009 18:48:00 GMT
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I could not have bought my first house long ago without borrowing the down payment from Mom and Dad. Their loan got me started down the home-equity path, and it's paid dividends ever since.
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Auto makers look to Mexico (The Globe and Mail)
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Tue, 06 Jan 2009 13:16:01 GMT
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And, what happens to CPP, OAS payments if consumer price index actually declines
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Unlocking credit and trust (Deccan Herald)
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Sun, 04 Jan 2009 21:46:28 GMT
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The financial industry rounds out one of the most wrenching years in its history, bankers and policy makers are struggling to see the way out of this mess.
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More people take 2nd job (The Tennessean)
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Tue, 06 Jan 2009 08:22:51 GMT
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WASHINGTON — Shelby Shenkelman enjoys working as a pricing analyst for a company that produces airline meals. At 25, she is making more than $50,000 a year.
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The Media Consortium: Weekly Audit: Curbing Decline in 2009 Economy NewsLadder (HuffingtonPost)
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Tue, 06 Jan 2009 15:41:55 GMT
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by Zach Carter, Media Consortium MediaWire blogger In 2008, we witnessed the first serious fallout from deep structural flaws in the relationship between the nation's...
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THE RECESSION: Many pushed many to seek second jobs (Santa Fe New Mexican)
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Tue, 06 Jan 2009 06:02:27 GMT
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Photo: More Americans are not just cutting costs but are finding ways to make more money by taking part-time jobs. Allie Persinger, left, rides toward the Capitol in Washington with her mother, Debbie Persinger, in Nate Chenenko’s pedicab. ‘... I’m trying to save.
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Meltdown 101: Asset-backed securities comeback? (Fort Wayne Journal Gazette)
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Sat, 03 Jan 2009 02:02:32 GMT
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NEW YORK - Even if you pay every bill on time, the money you dole out each month to credit card, mortgage and car loan companies is probably a bit player in the financial crisis.
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