28
Feb
AIG near new bailout terms
Filed Under (Economic) by on 28-02-2009
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28
Feb
Sebelius tapped as health secretary – source
Filed Under (Economic) by on 28-02-2009
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28
Feb
Buffett’s worst year
Filed Under (Economic) by on 28-02-2009
Berkshire Hathaway reported today that its net worth fell in 2008 by $11.5 billion, a decline reducing its per-share book value by 9.6%. That was Berkshire's worst result in the 44 years that Chairman Warren Buffett has run the company and, in fact, only the second decline in that period. The other drop was 6.2% in 2001, a year hurt by 9/11 and other problems in Berkshire's insurance operations.
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27
Feb
Regulators shutter 2 more banks
Filed Under (Economic) by on 27-02-2009
U.S. bank regulators closed two more banks on Friday, the 15th and 16th banks to fail this year, as the worsening recession pulled more regional banks underwater.
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27
Feb
Obama thinks big in budget
Filed Under (Economic) by on 27-02-2009
President Obama last week -- his sixth in office -- showed his hand on how he hopes to shape the government's federal budget and the U.S. economy along the way.
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27
Feb
Mortgage deductions: Wealthy on the losing end
Filed Under (Economic) by on 27-02-2009
The Obama administration plans to tap the rich to help pay for its ambitious programs. Specifically, that will include slashing mortgage interest deductions for high-income taxpayers.
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27
Feb
Calif. jobless hits double digits
Filed Under (Economic) by on 27-02-2009
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27
Feb
Dollar falls after grim GDP data
Filed Under (Economic) by on 27-02-2009
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27
Feb
Obama’s rude shock to six-figure earners
Filed Under (Economic) by on 27-02-2009
During the presidential campaign, Barack Obama tempered his pledge to substantially raise taxes for high earners with an important proviso: He'd simply restore rates to their levels during the Clinton Administration. The implication was that families in the upper brackets would see their total tax bite go back to the levels of the 1990s, but no higher.
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27
Feb
Oil settles down 1%
Filed Under (Economic) by on 27-02-2009
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