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Investors Hit BofA Loan Modifications
Bank of America Corp.'s decision to embark on an $8.4 billion home-loan-modification program to settle charges brought by state attorneys general against Countrywide Financial Corp. was hailed as a milestone when the deal was announced this fall. But apparently nobody...
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London 2012, Vancouver 2010 share similar financial woes
Concerns over the increasing cost of hosting the 2010 games in Vancouver include unknown security costs, a grossly overbudget convention/media centre and a $100 million bailout for the developer of athletes'... 308 views | 7 comments | 35 recommendations
Savvy Homeowners Are Turning the Table on Lenders
"WASHINGTON, D.C., Nov. 18 (SEND2PRESS NEWSWIRE) — National Loan Audits (www.nationalloanaudits.com) announced today that since only a fraction of distressed homeowners needing a loan modification are getting the help they need, borrowers should obtain a Forensic Loan... Inflation falls at record pace to 4.5%
As the value of the pound outside of the UK sinks, it appears that inflation within the country is falling as well. Inflation in th eUk fell at a record pace in October, data released today shows."Inflation tumbled at a record pace in October to 4.5 per cent, down from the...11 views | 1 comment | 0 recommendations
British Airway profits dive 92pc in 'one of bleakest six months on record'
British Airways has revealed that it is in deep trouble, with its profits falling 92 percent in the past six months. The company sited rising fuel costs as one of the problems as well as a dropoff in demand.""The...22 views | 0 comments | 0 recommendations
Bank of Japan cuts key interest rate
"Friday October 31, 2:18 am ET By Tomoko A. Hosaka, Associated Press Writer Japan's central bank cuts key interest rate to 0.3 percent in close vote; first cut in 7 years TOKYO (AP) -- The Bank of Japan voted Friday to cut its key interest rate for the first time in more...Christian Science Monitor to discontinue daily print edition
"The front page of The Christian Science Monitor is seen in Boston Monday. A century after it began publication, The Christian Science Monitor is giving up its daily print edition."2.7m Chinese to lose jobs with deepening economic slowdown
Despite the talk of insulated, Chinese economy is also deeply affected with current global economic crisis. World's fastest growing economy is sputtering into an economic slowdown. World is hinging high hope on China to bail out from the current crisis. China's export sector...What would McCain's health plan do?
" Instead, McCain would give families $5,000 refundable tax credit and individuals a $2,500 tax credit. People who lose workplace coverage could use the funds to purchase insurance in the individual...Poll on the economy: Americans gloomier, for now
"As people on Wall Street and Main Street hold their breath to see if a federal bailout of the nation's financial institutions will work, Americans are starting to speak — not whisper — the word "depression." In a sign that anxiety is growing, 33% of 1,011 adults surveyed... The death of OPEC: Saudi Arabia walks out of talks
A frustrated Saudi Arabian envoy walked out of the Vienna OPEC talks in protest over the cartel's insistence on cutting back oil production. Saudi Arabia, the world's largest crude oil producer, flatly refused... 619 views | 5 comments | 13 recommendations
US budget deficit seen at $438bn
According to the latest Capitol Hill estimates, the US government will run a near-record deficit of $407 billion this year. However the actual figure is likely to be much larger than this, because it is not taking into account the recent bailout of the nation's two biggest...90 views | 2 comments | 4 recommendations
99 Cents Only Stores becomes 99.99 cents
Will it really make a difference when we alredy pay so much more for gas? " 99 Cents Only Stores, the US discount chain, has narrowly escaped an expensive rebranding after increasing its prices just shy of $1 in... 199 views | 4 comments | 12 recommendations
Trends Point to Major Drop in Organic Food Prices
There is compelling evidence that we are about to see a drop in organic food prices. This goes against what we see currently as food prices across the board are skyrocketing. Despite first impressions,...211 views | 2 comments | 7 recommendations
Alistair Darling's shocking admission: British economy is at a 60-year low - ...
Credit crunch hits the Uk with Bank place London. With the dramatic downturn of the housing market, it will lead to 2 million unemployeed at christmas, Worst scenario since 1945. Photo shows Transport secretary...152 views | 0 comments | 0 recommendations
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