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China Uses Global Crisis to Assert Its Influence
BEIJING — With Jamaica’s currency in free fall, unemployment soaring and banks heavily exposed to government debt, the Caribbean island’s diplomats went into crisis mode earlier this year. They traveled to all corners of the world to seek help. More: continued here
Continue reading...Sales of Existing Homes Fell 3 Percent in March
24. April 2009
After surging unexpectedly in February, home sales fell last month and prices took another double-digit tumble, according to industry data released today. More: continued here
Continue reading...Bank of America’s Profit Mainly Due to Recent Deals
24. April 2009
Bank of America said yesterday it earned $4.2 billion in the first quarter, the latest sign that the government is succeeding in stabilizing the banking industry. More: continued here
Continue reading...Obama Seeks Reform of Credit Card Firms’ Practices
24. April 2009
President Obama emphasized to credit card executives today that he intends to back efforts to crack down on what lawmakers consider to be deceptive practices, even as the industry criticizes proposed legislation in the House of Representatives as dangerous to the nation’s hopes for an economic re… More: continued here
Continue reading...Banks in Europe Lag in Recovery
24. April 2009
European banks are far behind those in the United States in clearing bad loans off their books and may need additional capital injections of up to $1.2 trillion, according to a major International Monetary Fund report released yesterday. More: continued here
Continue reading...How to Select a Good Mutual Fund
23. April 2009
In this tutorial video tackled is the ways on How to Select a Good Mutual Fund. Learn more about stocks debt, money, finance, investments, mutual funds, tax deduction, IRS, credit card, life insurance, and income.
Continue reading...Financial Crisis Must Be Probed, Pelosi Says
21. April 2009
House Speaker Nancy Pelosi (D-Calif.) has endorsed a proposal to create a special congressional committee to investigate the causes of the financial sector meltdown, giving the idea bipartisan momentum in Congress. More: continued here
Continue reading...Bank of America Announces Surprise 1Q Earnings
21. April 2009
Bank of America said this morning it earned $4.2 billion in the first quarter, the latest success for the government’s intervention into the banking industry. More: continued here
Continue reading...Obama to Order Cabinet to Quickly Cut $100 Million From Department Budgets
21. April 2009
President Obama convened his Cabinet for the first time today and instructed department heads to trim their budgets by a combined $100 million over the next 90 days, cuts he said would help overcome a “confidence gap” among the American people about the use of their tax dollars. More: continued here
Continue reading...Impoverished Haiti Slips Further as Remittances Dry Up
20. April 2009
PORT-AU-PRINCE, Haiti, April 16 — The U.S. economic crisis touched down recently in the dusty town where Marie Rosita Simon ekes out a living selling sandals. Her brother, a New Jersey cabdriver, slashed his monthly $400 transfer to her by half because his business was off. More: continued here Powered by SmartRSS
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24. April 2009
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