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China Uses Global Crisis to Assert Its Influence

Fri, 24 Apr 2009 00:04:34 +0000

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.

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Sales of Existing Homes Fell 3 Percent in March

Fri, 24 Apr 2009 00:04:35 +0000

After surging unexpectedly in February, home sales fell last month and prices took another double-digit tumble, according to industry data released today.

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Bank of America’s Profit Mainly Due to Recent Deals

Fri, 24 Apr 2009 00:04:17 +0000

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.

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Obama Seeks Reform of Credit Card Firms’ Practices

Fri, 24 Apr 2009 00:04:06 +0000

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…

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Banks in Europe Lag in Recovery

Fri, 24 Apr 2009 00:04:35 +0000

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.

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How to Select a Good Mutual Fund

Thu, 23 Apr 2009 03:10:39 +0000

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.

Financial Crisis Must Be Probed, Pelosi Says

Tue, 21 Apr 2009 00:04:03 +0000

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.

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Bank of America Announces Surprise 1Q Earnings

Tue, 21 Apr 2009 01:04:31 +0000

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.

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Obama to Order Cabinet to Quickly Cut $100 Million From Department Budgets

Mon, 20 Apr 2009 23:04:01 +0000

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.

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Impoverished Haiti Slips Further as Remittances Dry Up

Tue, 21 Apr 2009 00:04:01 +0000

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.