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The record profit Florida's home builders made during the boom years has given way to massive problems with cash flow and credit that builders blamed Monday on banks hoarding billions in federal bailout dollars. ...more
November 25, 2008
The record profit Florida's homebuilders made during the boom years has given way to massive problems with cash flow and credit that builders in a news conference today blamed on banks hoarding billions of federal bailout dollars. ...more
November 24, 2008
Those desperate for a change can heave huge sighs of relief with president-elect Obama's victory, but must be realistic about significant change. Current bailouts have shown only relief for Wall Street bankers. ...more
November 24, 2008
Raymond James Financial Inc. said this week it has applied to be part of a federal plan to boost capital in financial institutions and spur lending. ...more
November 22, 2008
Now the big three tells us they need an infusion of cash to the tune of about $25 billion. ...more
November 22, 2008
You know Middle America is really nervous about the economy when an economic summit of the world's leaders can generate so much weekend buzz. ...more
November 18, 2008
The world is on the cusp of the most profound shift in global power and influence in a century. Managing this quiet revolution calls for nothing short of a new international system, with a radical revision of existing institutions and patterns of doing business. It is a time for thinking big. ...more
November 18, 2008
Just showing up counted for a lot. Group of 20 leaders may not have quite rewritten the rules of global finance in a weekend. But they accomplished much by just gathering in such large numbers - both the older economic powerhouses and the newer fast-growing ones - to grapple with the world's financial panic and pledging to work together to contain it. ...more
November 16, 2008
Since graduating from college and starting a family my life has been filled with many experiences. I have been blessed with personal and professional accomplishments that many dream of, and I equally have experienced enough failures and heartache to last a lifetime. Through it all my spiritual maturity and relationship with my Father God have continued to grow experiencing the abundance of his Grace in good times and in bad. ...more
November 16, 2008
Urgently shifting course, the Bush administration is abandoning the centerpiece of its massive $700 billion economic rescue plan and exploring new ways to shore up not only banks but also credit-card, auto-loan and other huge nonbank businesses. "The facts changed and the situation worsened," Treasury Secretary Henry Paulson said at a news briefing, explaining the administration's switch from its original plan to help financial institutions by buying up troubled assets, primarily securities backed by bad home loans. ...more
November 13, 2008
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