Archive for April, 2008

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Fed Votes to Cut Rate a Quarter-Point to 2%

Wednesday, April 30th, 2008

Exclusive: Fed Votes to Cut Rate a Quarter-Point to 2%
The Federal Reserve is Cutting Rates Another 25bp; Fed Says “Substantial” Easing to Date Should Promote Growth, Financial Markets Remain Under “Considerable Stress”; Vote 8-2, With Plosser and Fisher Dissenting; Uncertainity About Inflation “Remains High” and Economic Activity “Remains Weak”

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Government To Revive 1-Year Treasury Bill

Wednesday, April 30th, 2008

The government says it is bringing back the one-year Treasury bill to cope with soaring budget deficits.

Groups Warn Over Violence In GTA IV

Tuesday, April 29th, 2008

People lined up late Monday night to get their hands on a newly released video game that some believe depicts excess levels of violence.

NY-Based Eos Airlines Ceasing Operations

Sunday, April 27th, 2008

Eos Airlines, a New York-based business class-only airline, says it has filed for Chapter 11 bankruptcy and will cease operations.

How Is Alan Greenspan To Blame?

Saturday, April 26th, 2008

Critics are blaming Alan Greenspan for today’s financial crisis, but now the former Federal Reserve chief is fighting back.
Greenspan sets the record straight in an exclusive interview.
Part 1

Part 2

What are others saying about Alan Greenspan

Alan Greenspan unfair blame for sub prime crisis…

Why do people blame Alan Greenspan for the sub-prime crisis? He lead […]

Fixing the Mortgage Mess

Saturday, April 26th, 2008

A few ideas on how to fix the problem, with Robert Shiller, Yale School economics professor
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Rebate Checks To Go Out Next Week

Saturday, April 26th, 2008

The economic-stimulus rebates are to begin reaching taxpayers next week.

Best, Worst Cities For Job Growth Ranked

Friday, April 25th, 2008

Forbes lists the cities that posted the worst and best job growths last year.

Recession Appears To Be Hitting Many States

Friday, April 25th, 2008

Sixteen states and Puerto Rico report shortfalls in their current budgets.

New Home Sales Drop 8.5% and Median Sale Price Drop 13.3%

Friday, April 25th, 2008

Sales of new homes plunged last month to the lowest level in 16 and a half years.

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