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Odds Stacked Against Users Of Credit Cards
Using a credit card reminds me of gambling in Las Vegas. ...more
May 18, 2008
Government-Backed Housing Bailout Is Necessary
A government-backed mortgage bailout is needed, and it must be done right away. ...more
May 10, 2008
Fed OKs Rules For Credit Card Industry
The Federal Reserve and other regulators initiated steps Friday to end "unfair and deceptive" credit card industry practices assailing consumers who are already struggling to cope in a bad economy. ...more
May 3, 2008
Fed's Forecast Turns Cloudier, Darker As Indicators Sink
The Federal Reserve on Wednesday lowered its projection for economic growth this year, citing damage from the double blows of a housing slump and credit crunch. It said it also expects higher unemployment and inflation. ...more
February 21, 2008
Bernanke Gives Dark Forecast
Using words like "sluggish" and "deteriorated," Federal Reserve Chairman Ben Bernanke gave a starkly pessimistic assessment of the nation's economy Thursday and signaled that the Fed will cut interest rate cuts further if needed to combat the adverse effects of a prolonged housing slump and a severe credit crisis. ...more
February 15, 2008
Annual Trade Deficit Shrinks For First Time Since 2001
The U.S. trade deficit shrank more than forecast in December and showed the first annual drop since 2001 as the faltering economy eroded demand for imported autos and Chinese-made consumer goods. ...more
February 15, 2008
As Markets Tumble, McCain Shifts Focus To Economic Plan
John McCain revved up efforts Tuesday to explain his economic plan, as the financial-market turmoil threatened to steal the spotlight from his central presidential primary campaign theme of national security. ...more
January 23, 2008
Fed Chair Urges Congress To Pass Stimulus Quickly
Federal Reserve chairman Ben Bernanke endorsed government efforts to stimulate the economy Thursday, as congressional leaders and the Bush administration moved closer to agreement on a plan. ...more
January 18, 2008
Bernanke's Days Of Sitting On Sidelines Over
As he provided common-sense guidance for a stimulus package to fight recession, Federal Reserve Chairman Ben Bernanke tacitly acknowledged the end of his effort to stay out of fiscal policy specifics. ...more
January 18, 2008
Spending, Housing Slump Likely To Cool Economy
U.S. economic growth will slow to 1 percent in the fourth quarter as consumer spending cools and the housing slump enters its third year, a survey showed. ...more
December 12, 2007
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