Treasury answers bailout critics

Filed Under (Economic) by on 31-12-2008

In the face of criticism that its bailout efforts are not working, federal officials said Wednesday that they have prevented widespread failure of financial institutions, but they conceded that the credit crisis won't ease until the economy recovers.

Original post by Economic news - CNNMoney.com and software by Elliott Back

Treasury answers panel critical of bailout

Filed Under (Economic) by on 31-12-2008

In the face of criticism that its bailout efforts are not working, federal officials said Wednesday that they have prevented widespread failure of financial institutions, but they conceded that the credit crisis won't ease until the economy recovers.

Original post by Economic news - CNNMoney.com and software by Elliott Back

Thousands of stores to disappear in ‘09

Filed Under (Economic) by on 31-12-2008

The ugly sales year that was 2008 will haunt U.S. retailers in 2009, with industry experts warning that disastrous holiday sales will spark a domino effect of store closures and bankruptcy filings.

Original post by Economic news - CNNMoney.com and software by Elliott Back

Winning battles, but bailout war goes on

Filed Under (Economic) by on 31-12-2008

In the face of criticism that its bailout efforts are not working, federal officials said Wednesday that they have prevented widespread failure of financial institutions, but they conceded that the credit crisis won't ease until the economy recovers.

Original post by Economic news - CNNMoney.com and software by Elliott Back

More disappointment for retailers

Filed Under (Economic) by on 31-12-2008

Despite a last-minute rush by shoppers looking to take advantage of deep discounts during the Christmas week, sales during the holiday retail season are looking even weaker than expected, according to a retail research firm's preliminary report issued Wednesday.

Original post by Economic news - CNNMoney.com and software by Elliott Back

Gas prices: Waayy up, waayy down

Filed Under (Economic) by on 31-12-2008

This is a drivers will never forget -- gas prices surged and crashed at unprecedented levels.

Original post by Economic news - CNNMoney.com and software by Elliott Back

Thousands of stores to disappear in 2009

Filed Under (Economic) by on 31-12-2008

The ugly sales year that was 2008 will haunt U.S. retailers in 2009, with industry experts warning that disastrous holiday sales will spark a domino effect of store closures and bankruptcy filings.

Original post by Economic news - CNNMoney.com and software by Elliott Back

Mortgage rates hit fresh 37-year low

Filed Under (Economic) by on 31-12-2008

Rates on mortgage loans are the lowest in the 37-year history of the Freddie Mac Primary Mortgage Market Survey, according to a weekly report released Wednesday.

Original post by Economic news - CNNMoney.com and software by Elliott Back

Life after a six-figure salary

Filed Under (Economic) by on 31-12-2008

Happy new year and welcome to your new job. One that pays 30%, 50%, 70% less than your old one.

Original post by Economic news - CNNMoney.com and software by Elliott Back

Will work for less

Filed Under (Economic) by on 31-12-2008

Forget a signing bonus: With more than three job seekers for every job opening, more workers are taking any employment they can find - even if it means a pay cut.

Original post by Economic news - CNNMoney.com and software by Elliott Back

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