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You know Middle America is really nervous about the economy when an economic summit of the world's leaders can generate so much weekend buzz. ...more
November 18, 2008
Here are some answers about the summit, which includes meetings today: Might the summit help ease economic pain in the United States and abroad? ...more
November 15, 2008
Chrysler LLC, whose owner has been in talks to sell the automaker to General Motors Corp., said Friday that it will cut 25 percent of its salaried work force starting next month and warned that it will make more restructuring announcements soon. ...more
October 25, 2008
There is new trouble at the ranch. The worsening financial crisis is making it harder and more expensive for farmers and cattlemen to borrow money to pay for feed, land and salaries. While the credit squeeze on the agricultural sector is buffered somewhat by subsidies and other federal assistance, the timing is bad: the costs of fertilizer, fuel, seed and equipment have all risen sharply in recent years, and a global recession is on the horizon. ...more
October 18, 2008
The country hit fresh economic potholes Wednesday as President Bush sought to reassure anxious Americans that the government's latest rescue plan will eventually bring relief. ...more
October 15, 2008
Seventh-grader Tiana Britt thrives on challenges. Her classmate Angel Kennedy is turned on by the practical approach to learning. ...more
October 15, 2008
NEW YORK - The Dow Jones industrials have fallen below the 9,000 mark, hurt by a steep decline in shares of General Motors Corp. The blue chip index is extending its selling to a seventh straight day Thursday as investors grapple with worries about the credit markets and the economy. ...more
October 9, 2008
News that the Bush administration is considering taking ownership stakes in a number of U.S. banks helped restore a relative calm over global financial markets Thursday. ...more
October 9, 2008
In a rare coordinated move, the Federal Reserve and other major central banks from around the world slashed interest rates Wednesday to prevent a mushrooming financial crisis from becoming a global economic meltdown. ...more
October 8, 2008
Wall Street suffered through another extraordinary and traumatic session Monday, with the Dow Jones industrials plunging as much as 800 points - their largest one-day point drop - before recovering to close with a loss of 370. The catalyst for the selling, which also took the Dow below 10,000 for the first time in four years, was investors' growing despair that the spreading credit crisis will take a heavy toll around the world. ...more
October 6, 2008
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