Thursday, March 6, 2008

Economy Even Weaker in '08, Fed Says

The Federal Reserve reports that economic growth has slowed this year.

Wednesday, March 5, 2008

9/11 protester arrested after yelling at Bill Clinton

A protester has been charged with disorderly conduct after yelling at former President Bill Clinton during a campaign stop...

10 Tips: Rent a car without breaking the bank

Feb. 23:'s Bob Sullivan tells NBC's Lester Holt about new fees being added to some rental car agreements, and how to avoid getting stung by them.?(Today Show)Even if you’ve rented a car many times in the past, it’s still possible to experience that deer-in-the-headlights feeling as you stand at the counter and talk to the rental agent.

Tuesday, March 4, 2008

Banks should accept mortgage principal cuts: Bernanke (Reuters)

Federal Reserve Board Chairman Ben Bernanke (R) shakes hands with the Chairman of Independent Community Bankers of America (ICBA) James Ghiglieri, Jr. during the ICBA's annual convention in Orlando, Florida, March 4, 2008. Bernanke on Tuesday warned mortgage delinquencies and foreclosures were likely to rise and that more house price declines could be expected, and called for active measures to stabilize housing markets. (Scott Audette/Reuters)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.

U.S. Marine Corps Investigating Puppy-Tossing Video

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.

Economy - Friday (Investor's Business Daily)

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

Supreme Court allows retirement plan suits

The Supreme Court ruled Wednesday that individual participants in the most common type of retirement plan can sue under a pension protection law to recover their losses.

Texas caucus hardball

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.'"

Trading Scandal Hits U.S.

MF Global Ltd. blames Memphis employee for $141M losses in wheat trades.

Sunday, March 2, 2008

Microsoft Will Slash Retail Prices for Vista With SP1 (NewsFactor)

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.

As Economy Slips, Yacht Sales Skyrocket

Your home's value might be falling, but these billionaire toys are appreciating.

Saturday, March 1, 2008

America's Debt Crisis Lot Worse Than Reported / $48 Trillion

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.