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Ken Poulsen of Tarpon Springs says Wall Street hypocrites have profited from war. ...more
November 15, 2008
No financial rescue cash will be handed out behind closed doors, Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke promised Congress just a few weeks ago. ...more
November 15, 2008
Here are some answers about the summit, which includes meetings today: Might the summit help ease economic pain in the United States and abroad? ...more
November 15, 2008
The number of homeowners caught in the wave of foreclosures in October grew 25 percent nationally over the same month in 2007, data released Thursday showed. ...more
November 13, 2008
The American public, with great reservation, agreed to a $700 billion bailout to prevent a national financial catastrophe. A portion of that money has been spent, but everyone seems to be haggling over what to do with the rest of it. Most of the ideas are bad ones, and our leaders must protect the public from wasting the bailout money. ...more
November 13, 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
The most important thing the Democrats and President-elect Obama can do with regard to the economy is bring back a sense of fairness and equity. ...more
November 13, 2008
NEW YORK (AP) — A disheartened Wall Street fell for the third straight session Wednesday as investors absorbed another series of dismal corporate reports and news that the government won't buy banks' soured mortgage assets after all. The Dow Jones industrials fell 400 points, and all the major indexes dropped more than 4 percent. ...more
November 12, 2008
Democratic leaders in Congress asked the Bush administration Saturday to provide more aid to the struggling auto industry, which is bleeding cash and jobs. ...more
November 9, 2008
DETROIT — At Ford Motor Co. they called it "Blue," a team set up around the year 2000 to design an array of small, fuel-efficient cars to compete with the Japanese. ...more
November 8, 2008
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