nate submitted, made popular 5 years ago - (www.washingtonpost.com) » 0 Comments
The House last night approved an emergency plan to prevent the collapse of the nation's domestic automobile industry, but the measure faces serious opposition in the Senate, where Republicans are revolting against a White House-brokered deal to speed $14 billion to cash-starved General Motors and Chrysler.
As they face looming college application deadlines in a soured economy, many families are grappling with how personal resources and financial aid could affect decisions on college. The economic downturn, with parents' job losses and investment declines, is adding an extra layer of anxiety to what can be a stressful chapter of family life even in a booming economy.
Congressional Democrats and the White House yesterday settled on a plan to rush $15 billion in emergency loans to the cash-strapped Detroit automakers and were working into the night to resolve final disputes over the conditions the government should attach to the money.
Americans say the sagging economy is making the 2008 holiday season more stressful than previous years, according to a CNN poll out Monday, with up to two-thirds of them reporting some belt-tightening.
It's well known that the world's oldest religions have a lot to say about that most timely of concerns, money. If we'd all followed the Muslim ban on lending with interest, for example, we wouldn't have this credit crunch. (Of course, we also wouldn't have credit.) But what's less well known is that religions have dealt specifically with credit crunches before.
The Bush administration backed off proposed crackdowns on no-money-down, interest-only mortgages years before the economy collapsed, buckling to pressure from some of the same banks that have now failed. It ignored remarkably prescient warnings that foretold the financial meltdown, according to an Associated Press review of regulatory documents.
swerve submitted, made popular 5 years ago - (www.washingtonpost.com) » 0 Comments
In a bid to jump-start the beleaguered global economy, countries around the world are introducing massive public spending programs aimed at creating millions of jobs, boosting the use of green energy and modernizing infrastructure in a way that could transform urban and rural landscapes