credit freeze

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Latest blogosphere posts tagged “credit freeze”

• Bank of England Reveals Secret £62bn mission to save banking sector within hours of collapse

  
  TitusOneNine — Authority: 547
  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 ...
  2 days ago

• WSJ Front Page: One in Four Borrowers Is Under Water

  
  TitusOneNine — Authority: 547
  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 ...
  3 days ago

• Front Page of Friday’s NY Times: With F.H.A. Help, Easy Loans in Expensive Areas

  
  TitusOneNine — Authority: 547
  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 ...
  4 days ago

• Wave of Debt Payments Facing U.S. Government

  
  TitusOneNine — Authority: 547
  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 ...
  4 days ago

• WSJ: Weighing Jobs and Deficit

  
  TitusOneNine — Authority: 547
  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 ...
  4 days ago

• Regents Raise College Tuition in California by 32 Percent

  
  TitusOneNine — Authority: 547
  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.... ...
  6 days ago

• More members of middle class file for bankruptcy

  
  TitusOneNine — Authority: 547
  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 ...
  6 days ago

• Last Night’s NBC Evening News Leads with: Anger over the Economy

  
  TitusOneNine — Authority: 547
  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.
  1 week ago

• The Hill: Stock tax less likely for jobs bill

  
  TitusOneNine — Authority: 547
  House Speaker Nancy Pelosi on Thursday played down the possibility of using a stock trade tax to fund jobs legislation, saying it should only be done in conjunction with other countries. "It would have to be an international rule," Pelosi (D-Calif.) said at her weekly news conference. She said that she did not want ...
  1 week ago

• Laura Vanderkam: Give thanks for job creators

  
  TitusOneNine — Authority: 547
  Kimberly Martinez has a history of finding success in disaster. After she lost her job in 2002, she and her sister-in-law capitalized on the post-9/11 security craze to launch a business called Bonitas International, which sells ID badge jewelry. People snapped up the fancy BooJeeBeads lanyards, and revenue rose fast, ...
  1 week ago

• California again faces massive deficit, projected at $21 billion

  
  TitusOneNine — Authority: 547
  California government is again beset with red ink, facing a nearly $21-billion deficit over the next year and half, according to a report released today by the states chief budget analyst. Nonpartisan Legislative Analyst Mac Taylor projected state spending severely out of line with tax collections not just amid the ...
  1 week ago

• $500 Million, and an Apology, From Goldman Sachs

  
  TitusOneNine — Authority: 547
  How much good will can an apology — and half a billion dollars — buy? Goldman Sachs is hoping it will be a lot. After first staunchly defending its outsize profits and pay, and then bristling at calls for restraint in these tough economic times, Goldman is trying a new tack: It is apologizing for past mistakes ...
  1 week ago

• Philadelphia Gives Homeowners a Way to Stay Put

  
  TitusOneNine — Authority: 547
  Christopher Hall stepped tentatively through the entranceway of City Hall Courtroom 676 and took his place among dozens of others confronting foreclosure purgatory. His hopes all but extinguished, he fully expected the morning to end with a final indignity: He would sign over the deed to his house — his ...
  1 week ago

• Obama: Too much debt could fuel double-dip recession

  
  TitusOneNine — Authority: 547
  President Barack Obama gave his sternest warning yet about the need to contain rising U.S. deficits, saying on Wednesday that if government debt were to pile up too much, it could lead to a double-dip recession. With the U.S. unemployment rate at 10.2 percent, Obama told Fox News his administration faces a delicate ...
  1 week ago

• Statistics from the Pew Center on state taxes

  
  TitusOneNine — Authority: 547
  Check it out--especially for your state if it applies to you .
  1 week ago

• Washington Post—More Americans going hungry

  
  TitusOneNine — Authority: 547
  The number of Americans who lack dependable access to adequate food shot up last year to 49 million, the largest number since the government has been keeping track, according to a federal report released Monday that shows particularly steep increases in food scarcity among families with children. In 2008, the report ...
  1 week ago

• Time Magazine—Britain’s Idea to Tax Financial Transactions

  
  TitusOneNine — Authority: 547
  Why the poor reception? For a tax thats attracted high-profile backers like Brown and Sarkozy, its track record is thin. When Tobin first proposed the idea in 1972, it was seen as a way to stop currency speculators after the collapse of the Bretton Woods system of fixed exchange rates, but it was never imposed. Sweden ...
  1 week ago

• A Possible Upside of the Downturn—WSJ Front Page: Builders Downsize the Dream Home

  
  TitusOneNine — Authority: 547
  For the first time in four decades in the luxury-home business, executives at John Wieland builders are thinking the unthinkable: Maybe houses in the South dont really need a fireplace. Theyre also wondering whether new homes require 4,700 square feet of living space. Or private theaters with 100-inch screens. Or ...
  2 weeks ago

• (London) Times: How the middle class are shoplifting to keep up appearances

  
  TitusOneNine — Authority: 547
  Middle-class shoppers who have been hit by the recession are stealing hundreds of millions of pounds of expensive food in an effort to maintain their high standard of living, according to a new survey. Quality cuts of meat, fresh fish and high-priced cheeses are being taken by mostly middle-class women from ...
  2 weeks ago

• Judy Shelton: The Fed’s Woody Allen Policy

  
  TitusOneNine — Authority: 547
  Now heres the scary part: Even though more than half of all American households now own equities directly or through mutual funds, an increase in equity prices does not figure into the Feds calculation of inflation. So while measures of core inflation (which exclude food and energy) carefully register minute gains in ...
  2 weeks ago

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