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Money – The Treasury Department and Federal Reserve on Sunday outlined a comprehensive government plan to prop up Fannie Mae and Freddie Mac - the two mortgage finance giants that play a crucial role in the U.S. economy.
Money – From his perch at the southern tip of Louisiana, port director Ted Falgout sees green: the color of money that comes from the nation's busiest haven of offshore drilling.
Gadgets & Tech – Despite a recent upswing for the luxury goods market, Bang & Olufsen, the Danish maker of sleek, high-end sound systems and televisions, is struggling to attract consumers as rivals increasingly focus on design…
News – Transportation, immigration, the economy and education are among the major issues facing the Texas Legislature, State Sen. Jane Nelson, R-Flower Mound, told area business leaders in a joint meeting of government…
Money – Boris Johnson will not renew an oil deal with Venezuela which provides cheap fuel for London's buses once the agreement ends later this year. The mayor of London said half-price bus and tram fares for 250,000…
Politics – Gordon Brown can win the next general election for Labour providing he changes course, former foreign secretary Margaret Beckett has said.
News – German Economy Minister Michael Glos has paid a surprise visit to the Iraqi capital Baghdad, becoming the first cabinet minister to visit since the US-led invasion in 2003. The Bild am Sonntag weekly reports that…
Celebrities – In a HARDtalk interview shown on 27th May 2008, Stephen Sackur talks to the CEO of Co-operative Financial Services. As HARDtalk's business series continues, uncertainty continues to haunt the world's financial…
Money – The pay and prospects of junior IT support staff in the UK have stagnated as services have been relocated to India, research has suggested.
News – SAN DIEGO - Barack Obama said Saturday there is "little doubt we've moved into recession," underscoring the country's need for a second economic stimulus package, swift steps to shore up the housing market and a…
Politics – The joint statement from Russia and China criticising US plans for anti-missile defences is a very public condemnation of a scheme which both countries have long opposed.
Money – The cost of Scotland's methadone programme could be as high as Ã;£60m, the Scottish Tory conference heard. And most addicts who use the heroin substitute do not end up coming off the drug, said drug abuse…
Money – The failure of IndyMac could cost the FDIC (that's you and me, folks) four to eight BILLION dollars ... and be a harbinger of things to come.
Politics – This nation desperately needs the next president to have a clear-eyed vision for the economy. And yet, the biggest news that Senator John McCain made last week was his renewal of a pledge to balance the federal…
Money – Wall Street and Washington wrestled Friday with how to shore up mortgage giants Fannie Mae and Freddie Mac, two troubled pillars of the economy whose failure would deal a devastating blow to the already crippled…
Money – LONDON : The Bank of England held interest rates at 5% yesterday as policymakers tussle with slower economic growth and surging inflation, but analysts say rates will have to fall eventually.
News – China's trade surplus fell to 99.03 billion U.S. dollars in the first half of this year, down 11.8 percent from the same period last year. Analysts said the fall was partly a result of China's policies to tame…
Money – The United States' trade deficit narrowed in May as exports - including industrial supplies and consumer goods - climbed to all-time highs.The latest snapshot of trade activity, reported by the Commerce Department…
Money – One of the amusing things about liberals and conservatives is how they sometimes lock themselves in their own little conservative-liberal paradigm and carry on a silly debate over the causes of America's economic…
Money – The Federal Reserve, he estimates, has traded the banks about $500 billion in Treasuries (US bonds, backed by the good faith of American taxpayers) in exchange for dubious instruments, about $200 billion for mortgage…
Politics – Henry David Thoreau knew what to say about the economic flimflam being peddled by the leading Republican candidates: "This government never furthered any enterprise but by the alacrity with which it got out of the…
Money – The annual federal deficit runs more than $400 billion. The national debt is $9.5 trillion. The total unfunded liabilities for Social Security and Medicare exceed $100 trillion. "We will begin to control federal…
Money – IndyMac Bancorp became the biggest retail bank to fall victim to the US mortgage crisis on Friday, as regulators shut down the Californian savings back after the markets closed because it was unable to raise the…
Politics – The biggest political story of 2008 involves the collapse of assumptions that have dominated our economic debate for three decades. Since the Reagan years, free-market cliches have passed for sophisticated economic…
Politics – Three times in the past two days, Sen. John McCain has proclaimed that 300 economists have enthusiastically endorsed his "Jobs for America" economic plan. The number, line, and message are highly misleading.
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