Credit Freeze

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Latest blogosphere posts tagged “Credit Freeze”

  • WSJ: Unemployment Rate Falls to 10%


    TitusOneNineAuthority Authority: 456
    U.S. job losses in November posted the smallest drop since the start of the recession and the unemployment rate unexpectedly declined, a sign the labor market is finally healing as the economy recovers. Nonfarm payrolls fell by just 11,000 last month, slowing down from a downwardly revised 111,000 drop seen in ...
    1 day ago
  • Timothy Geithner Says Transaction Tax Would Hurt Retail Investors


    TitusOneNineAuthority Authority: 456
    Treasury Secretary Timothy Geithner said any tax on financial transactions would have to be designed to ensure taxpayers don’t ultimately bear the burden, criteria he said no current plan meets. “I have not seen the version of that that I think works,” Geithner said in an interview on Bloomberg Television’s ...
    1 day ago
  • EU official says “Tobin Tax” not right way to go


    TitusOneNineAuthority Authority: 456
    A "Tobin" style tax on financial transactions is not the best way to raise cash for bank bailouts, a senior official from the European Unions executive body said on Wednesday. The G20 group of leading countries asked the International Monetary Fund at a meeting in Scotland last month to come up with options by April ...
    3 days ago
  • A graphic display of county by county employment changes since 2007


    TitusOneNineAuthority Authority: 456
    Push play--powerful and painful .
    4 days ago
  • Politico: Some Democrats sour on stock transaction tax


    TitusOneNineAuthority Authority: 456
    Three House Democrats are ripping a proposed tax on stock transactions, even as the idea gains traction among Democrats desperate to fund jobs creation.... “Proponents of a transaction tax argue that a small 0.25 percent tax on stocks would be paid for by the highly paid financial traders and would not affect most ...
    5 days ago
  • Robert Samuelson: Fed ‘reform’ we don’t want


    TitusOneNineAuthority Authority: 456
    Congress has so far sensibly put this off limits. "Audit" has a different meaning in the context of the GAO than in everyday usage. It means examine, investigate, evaluate and, often, criticize. Its not just crunching numbers. The GAO usually undertakes studies at the request of someone in Congress. This suggests that ...
    6 days ago
  • Forecast for South Carolina Economy remains gloomy


    TitusOneNineAuthority Authority: 456
    Roughly half a million adults in South Carolina are unemployed, underemployed or have given up looking. That is nearly 1 in 4 eligible workers in the state. And the months ahead look grim to John Rainey, South Carolinas chief economic forecaster. "I dont feel hopeless, but its hard to feel hopeful," Rainey said. He ...
    6 days ago
  • Banking’s Band Of Brothers — America’s Deft Criminals


    Newsroom MagazineAuthority Authority: 128
    It was as easy as taking candy from a baby, one insider said recently, for banks and bankers were trusted — wrongfully, but trusted.New YorkInstitutional AbandonmentOut Voted By The Banking LobbySenator Byron Dorgan was one of eight Senators who opposed the repeal of Glass-Steagall.On November 4, 1999, Dorgan spoke ...
    6 days ago
  • Religion and Ethics Newsweekly: U.S. Hunger on the Rise


    TitusOneNineAuthority Authority: 456
    KIM LAWTON, anchor: Joining me with more on all of this is Candy Hill, a senior vice president at Catholic Charities USA. Candy, it seems like this time of year, every year, we hear appeals from groups saying “Oh people are hungry, you need to give.” What makes this year different? CANDY HILL, Catholic Charities: ...
    6 days ago
  • Sarel Oberholster: The Cruelest Tax of All


    TitusOneNineAuthority Authority: 456
    The zero-interest-rate policy of the Fed is sold to the public as a benign economic rescue in the public interest. The stark reality is that this policy is a disguised tax implemented by the Fed. It takes income from savers and hands it as a subsidy to borrowers. It also facilitates and funds the fiscal deficit ...
    6 days ago
  • This year’s New Jersey Budget gap grows fivefold


    TitusOneNineAuthority Authority: 456
    The state on Wednesday told bond investors it is facing a $1 billion hole in this year’s budget — a shortfall five times bigger than previously disclosed — and will cut funding for schools, municipalities, higher education, hospitals and pension plans to close the gap. For months, Governor Corzine has been ...
    1 week ago
  • Scott Jagow of NPR on the Tobin Tax: Taxing the Street


    TitusOneNineAuthority Authority: 456
    Perhaps you heard on the Marketplace Morning report this proposal to tax Wall Street transactions. The revenues would go toward deficit reduction and job creation on Main Street. I understand the motivation behind this, but there’s a pretty good case against it. Read it all and the comments are interesting as well ...
    1 week ago
  • Bank of England Reveals Secret £62bn mission to save banking sector within hours of collapse


    TitusOneNineAuthority Authority: 456
    Royal Bank of Scotland and HBOS were given a secret £61.6 billion in bridging loans last year on top of the £500 billion of support that the banking sector received from the taxpayer, the Governor of the Bank of England disclosed yesterday. MPs expressed astonishment when Mervyn King told them about the emergency ...
    1 week ago
  • WSJ Front Page: One in Four Borrowers Is Under Water


    TitusOneNineAuthority Authority: 456
    The proportion of U.S. homeowners who owe more on their mortgages than the properties are worth has swelled to about 23%, threatening prospects for a sustained housing recovery. Nearly 10.7 million households had negative equity in their homes in the third quarter, according to First American CoreLogic, a real-estate ...
    1 week ago
  • Front Page of Friday’s NY Times: With F.H.A. Help, Easy Loans in Expensive Areas


    TitusOneNineAuthority Authority: 456
    While the F.H.A. is certainly strengthening the high-end market in the Bay Area by prompting more sales, there are growing concerns that it might become a destabilizing force. Kenneth Donohue, inspector general for the Department of Housing and Urban Development, the parent agency of the F.H.A., said the higher loan ...
    1 week ago
  • Wave of Debt Payments Facing U.S. Government


    TitusOneNineAuthority Authority: 456
    The United States government is financing its more than trillion-dollar-a-year borrowing with i.o.u.’s on terms that seem too good to be true. But that happy situation, aided by ultralow interest rates, may not last much longer. Treasury officials now face a trifecta of headaches: a mountain of new debt, a balloon ...
    1 week ago
  • WSJ: Weighing Jobs and Deficit


    TitusOneNineAuthority Authority: 456
    The White House is lukewarm about proposals by congressional Democrats to introduce broad legislation to create jobs, instead favoring targeted measures that would be less likely to inflate the deficit, administration officials said. There is as yet no agreement within the White House or in Congress on how to try to ...
    1 week ago
  • Regents Raise College Tuition in California by 32 Percent


    TitusOneNineAuthority Authority: 456
    As the University of California’s Board of Regents met Thursday at U.C.L.A. and approved a plan to raise undergraduate fees — the equivalent of tuition — 32 percent next fall, hundreds of students from campuses across the state demonstrated outside, beating drums and chanting slogans against the increase.... ...
    2 weeks ago
  • More members of middle class file for bankruptcy


    TitusOneNineAuthority Authority: 456
    A new study by Elizabeth Warren, Harvard Law School Leo Gottlieb professor of law, and Deborah Thorne, Ohio University associate professor of sociology, finds that personal bankruptcy has become a largely middle-class phenomenon led by filers who are college-educated and owners of homes. According to the study, "The ...
    2 weeks ago
  • Last Night’s NBC Evening News Leads with: Anger over the Economy


    TitusOneNineAuthority Authority: 456
    Visit msnbc.com for Breaking News , World News , and News about the Economy Watch it all--those of us in parish ministry need to be sensitive to these dynamics and to seek to allow these sentiments to be channeled in constructive and creative ways--KSH.
    2 weeks ago

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