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South Dakota Gov. Mike Rounds said Monday he won't seek a tax increase to fix state budget problems that are expected to get much worse in the next two years.
It's a good time to borrow money for a home, car or small business.
General Motors Corp. is halting production in Venezuela for three months starting Friday. Ford Motor Co.'s subsidiary announced 10 percent cutbacks last week. Other automakers also are shrinking their business — but not because Venezuelans don't want to buy cars.
The Federal Reserve will allow more companies to take part in a program aimed at bolstering the money market mutual fund industry.
The government has introduced a pair of new programs that will provide $800 billion to help unfreeze the market for consumer debt which Treasury Secretary Henry Paulson calls vital to supporting the economy.
As workers scramble to build an $800 million coal-fired power plant on a patch of farmland here, a crisis that began on faraway Wall Street threatens to stretch the nation's power supplies to the brink — driving up prices and laying the stage for future shortages.
The Federal Reserve announced Tuesday that it will provide up to $540 billion in financing to bolster the money market mutual fund industry, its latest effort to get credit flowing more freely again.
Savoring a rustic lunch of tuna salad, veal stew, and red wine, Benoit Gouez, chief vintner at Champagne house Moet & Chandon, took a long view of the financial crisis rocking the global economy.
When Deb Freitag applied for a credit card so she could replace her roof, her leaky refrigerator and her old dishwasher, she was offered a $1,000 line of credit, not the $5,000 she needed.
Japan's rapidly aging society is forecast to lead to shortfalls in young people, workers and tax revenues. Add to that another shortage: crematoria.
Two-year community colleges are seeing record enrollment as families squeezed by tough economic times steer high school graduates away from more expensive four-year universities.
Gaza's 1.4 million Palestinians, already largely confined to their narrow strip of land by Israeli and Egyptian border closures, face a new travel restriction: The Hamas administration has run out of passports.
Focused on getting the nation's credit gears smoothly working again, the Federal Reserve is letting Wall Street firms draw emergency loans into next year and giving financial companies more options to help them overcome credit problems.
President Bush and Congress have settled their differences on terrorist surveillance and Iraq war money. Now attention turns to a potential housing rescue, probably the last major initiative with any chance of passing before lawmakers scatter to campaign for re-election.
China's government denied rumors Thursday it will ease price controls on gasoline and diesel that oil companies say are causing them huge losses and prompting fuel shortages.
China's two major state oil companies will get a tax rebate on gasoline and diesel imports to help offset losses blamed on price controls, the government said Wednesday.
Federal Reserve Chairman Ben Bernanke consulted with predecessor Alan Greenspan, major financial players and even a speech consultant as he grappled with growing economic turmoil.
Americans are falling behind on their credit card payments at an alarming rate, sending delinquencies and defaults surging by double-digit percentages in the last year and prompting warnings of worse to come.
Cash-strapped banks took the Federal Reserve up on its offer of $20 billion in short-term loans to help them overcome credit problems, but the interest rate wasn't as low as some had hoped.
Drivers waited in lines up to a half-mile long to buy gasoline in China's mountainous southwest Tuesday amid rationing aimed at easing a fuel crunch in key export regions elsewhere.
Banks squeezed by a global credit crisis have a new way to get their hands on cash so they can keep making loans to individuals and businesses. The Federal Reserve, under pressure to take more aggressive action, unveiled a plan Wednesday designed to bring banks and their borrowers relief.
China's two main oil companies have promised to step up diesel production, the government said Tuesday, following two weeks of shortages blamed on price controls that have disrupted trucking and caused long lines at filling stations.
Bus drivers in the bustling southern province of Guangdong have a new daily chore: Hunting for diesel. Amid widespread shortages, service stations allow drivers just a few quarts at a time, forcing buses to stop repeatedly to fill up while passengers fume, said Dai Guowei, an employee of the Zhaoshang Passenger Transport Co.
On a Gaza City main street, three out of eight ATMs are wired off and locked, sending a stark warning to customers: Cash is running out.
Meat cuts vanished from Venezuelan supermarkets this week, leaving only unsavory bits like chicken feet, while costly artificial sweeteners have increasingly replaced sugar, and many staples sell far above government-fixed prices.
CreditMattersBlog.com: American Express Wants To Pay you to LeaveAmerican Express is so desperate to clean liabilities off its balance sheet that it's paying some customer $300 if they will pay off their balance in full and close their credit card. Thanks for playing, don't let the door hit your ass on the way out.
Housing crunch affects Liberty (underpopulated) and Coronado (overcrowded)Unoccupied homes help explain why Liberty High is underpopulated by 768 students.
Tough economy means more dumped dogsExcerpt: Suzanna and her puppy Nikki had more than 100 cactus needles covering their bodies when they were rescued. The two long-haired dachshunds were abandoned in the county for hours before a couple driving by saw them from the road.
Crunch time for microfinance - PSD Blog - The World Bank GroupGet ready for the next victim of the global credit crunch - microfinance.
Croat Christmas CancelledThe Croatian government has banned Christmas and New Year parties in the public sector because of the global financial crisis. State-run firms and organisations have also been told that they won't be allowed to dip into their funds to buy Christmas presents.
IMF thesis gives no reason to think the worst is overIn a study covering 17 developed economies over three decades, the IMF came up with three findings of particular relevance.
Investors shun Greek debt as shipping crisis deepens The Baltic Dry Index measuring rates for coal, iron ore, and grains, and other dry goods plummeted below 1000 yesterday, down 92pc since peaking in June.
Credit hangover, big headache for American ExpressMajorities used credit instead of cash... and now the 4th largest U.S. card issuer is feeling the crunch of the debtor's inability to pay.
Crunch forces UK consumers to change spending habitsThe latest batch of figures highlights the strain on household budgets labouring under heavier mortgage payments and sharply rising energy and food costs.
Top German bank responds to credit crunch by stopping staff from putting brothels on expensesGermany's biggest bank today banned staff from visiting brothels on expenses and putting hotel TV porn channels on their company credit card.
The topic below was originally posted on my blog, the Intrepid Liberal Journal on April 6th and x-posted today at The Wild, Wild Left, The Peace Tree,The Independent Bloggers Alliance and Worldwide Sawdust.
Bear Stearns report causes credit market panicPanic swept the credit markets on reports of an insolvency crunch at both the US investment bank Bear Stearns and the mortgage giant Fannie Mae, triggering a dramatic surge in default insurance and rumours of yet another emergency rate cut by the US Federal Reserve.
An insider's guide to student loansThere are two essential things you need to know about student loans: Lenders will give you every dime you need to pay for just about any education you desire. Just because you can borrow doesn't mean you should
Bush acknowledges economic uncertainty WASHINGTON (AP) — President Bush, acknowledging that the country is suffering through a period of economic uncertainty, called on Congress Monday to do more to help people and businesses hurt by the housing slump and credit crunch.
Bad Parking 5This parking went bad! Probably the truck driver hasn't notice that some small something is already parked there, even when he heard the scratching sound of the folding metal under his right wheel, he probably thought "Oh man, just hitting the sidewalk border a bit, not a big …
Fed Ups Credit Auction OfferingGlobal financial markets have been severely shaken by a massive credit shortage, prompted by mortgage defaults from US homeowners. As losses from investments tied to risky sub-prime debt mount, banks are sitting on their cash until a fuller picture of the financial damage emerges.
On Aug 09, 2007 Board Meeting held of Sanmitra Commercialpurpose to allotment of Equity Shares and Optional Convertible Warrants on Preferential Basi
New RWD Coupe has takes place of Hyundai TiburonThe Hyundai has declared that sporty Tiburon coupe will take place with a new RWD models on last of 2008 or in mid 2009. It is a second model finished on automaker's new rwd platform. Th
Global warming sparks polysilicon crunchMy energy guru Scott tells me it is very difficult to buy solar panels. To me this says "chicken on the hill for investors (money)". The article on the next page highlights the problem and the opportunity.
Converting movies for Apple TV using Roxio Crunch (an in-depth review)Want to watch DVDs on Apple TV? On May 8th, Roxio will introduce a new application called Crunch designed specifically to convert a variety of different video formats for use with iPods, Apple TV, and the soon to be released iPhone.
Washboard abs and why they are important for runners too!Toned arms, strong legs, and chiseled abs are all factors that come into play when searching for the ideal athletic body. But what's the ideal body type for a runner?
The Fastest And Easiest Way To Get A Flatter Tummy You can get that snag look by following the cardinal rule of abdominal training. Do moves that correctly target all the right ab muscles.
Video-hungry users could ''push Net to brink''Soaring demand for games, video and music will stretch the Internet to its limits, Canada''s Nortel Networks Corp. says, and it expects service providers will make big investments in its technology to avoid a crunch.
Why the crunch in snacks is more important than taste | the Daily MailThe sound of crunchy food is as important when it comes to how much people enjoy eating as colour and taste, scientists said today. Scientists at the University of Leeds found that people's 'enjoyment of biting' increased with louder, crunchier foods
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