Terry submitted, made popular 5 years ago - (www.washingtonpost.com) » 0 Comments
Angelo R. Mozilo, whose Countrywide Financial came to symbolize the failings of the mortgage industry, took home more than half a billion dollars from 1998 to 2007, including $121.7 million from cashing in options last year alone.
Yale University said Tuesday its nearly $23 billion endowment has dropped 25 percent to about $17 billion in recent months due to the recession, prompting the college to delay construction projects and take other cost-cutting measures.
With the U.S. recession in full swing, the Federal Reserve System is poised to cut its benchmark interest rate for the seventh time this year. Analysts expect the Fed's Open Market Committee will announce today that it will reduce the key Federal Funds rate by at least half a percentage point to 0.5 percent, the lowest level in more than half a century.
A surprised Wall Street bolted higher Tuesday after the Federal Reserve's historic decision to further slash interest rates and provide broad support to revive the troubled economy. The Dow Jones industrials surged 360 points, or 4.2 percent.
GMan submitted, made popular 5 years ago - (www.time.com) » 0 Comments
Most of us take for granted that those rectangular green slips of paper we keep in our wallets are inviolable: the physical embodiment of value. But alternative forms of money have a long history, and appear to be growing in popularity. It's not merely barter, or primitive means of exchange like, say, seashells or beads.
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.