The Federal Reserve reports that economic growth has slowed this year.
Thursday, March 6, 2008
Wednesday, March 5, 2008
A protester has been charged with disorderly conduct after yelling at former President Bill Clinton during a campaign stop...
Tuesday, March 4, 2008
Reuters - Banks may have to swallow
reductions in the principal of some troubled home loans to ward
off greater losses that could result from outright default,
Federal Reserve Chairman Ben Bernanke said on Tuesday.
A Marine Corps spokeswoman in the Pentagon on Monday afternoon said the Marines have just become aware of the video and they're investigating. "I have seen all the information on the Web but we haven't been able to verify anything," Capt. Blanca Binstock said.
Investor's Business Daily - The mortgage crisis and overall credit crunch will likely cut GDP growth by 1.3 percentage points in the next year, according to a study by several top economists at a Univ. of Chicago forum. Banks are expected to tighten credit further as home loan losses swell to $400 bil -- $250 bil more than previously seen. The report urged banks to cut dividends to preserve capital. Presenters included Jan Hatzius of Goldman Sachs, Anil Kashyap of the Chicago Fed and Hyun Song Shin of Princeton Univ.
Monday, March 3, 2008
The Dallas Morning News gets hold of Clinton caucus "training materials," in which supporters are instructed to fight for procedural control of caucuses."The materials say in part, 'DO NOT allow the supporter of another candidate to serve in leadership roles.'"
Sunday, March 2, 2008
NewsFactor - Microsoft said on Thursday it plans to slash prices on its Windows Vista operating system sold through retail channels. The company wants consumers to upgrade to the latest version of its flagship product.
Saturday, March 1, 2008
Last year total debt increased $3.9 Trillion, 5 times more than GDP.External debt owed foreign interests increased $1 Trillion;Household, business and financial sector debt soared 9%.72% ($35 trillion) of total debt was created since 1990,a period primarily driven by debt instead of by productive activity.