Archive for March 11th, 2009
Geithner: Expand IMF loans
U.S. Treasury Secretary Tim Geithner on Wednesday said he wants to expand by ten-fold an emergency international fund that loans money to troubled countries.
Merrill accused of misleading Congress
Read full story for latest details.
South Carolina: Jobless rate soars
It’s not easy to find a job in South Carolina these days.
Techs rally for 2nd session
Stocks gained Wednesday, with tech stocks leading the way, as the Dow Jones industrial average squeaked out a higher close for the second session in a row for the first time in five weeks.
How census stimulates the economy
What do you call a federal program that’s pumping billions into the economy and creating more than a million jobs?
Madoff’s smirk is gone
The Bernie Madoff who’ll plead guilty Thursday to the biggest swindle in history is a shrunken figure. Madoff, of course, made his media debut as a $50 billion villain in December, fending off a scrum of camerapeople outside his New York apartment building and vigorously pushing back when one of them shoved him. Back then, in his baseball cap and quilted jacket, Madoff looked decades younger than his 70 years. Many who saw Madoff on video that day perceived him to be insouciant, or even smirking.
Freddie Mac asks Treasury for $30.8 billion
Freddie Mac, the government-backed mortgage finance company, said Wednesday it has asked the government for $30.8 billion in additional funding to close a gaping hole on its books.
U.S. budget gap grows to $764.5 billion
The government said Wednesday the federal budget deficit for the first five months of fiscal 2009 surged to $764.5 billion, more than $300 billion above the gap for all of the prior year.
No Club Fed for Madoff
Ensconced in his $7 million home, Bernard Madoff, the accused Ponzi swindler, is probably wondering what type of prison awaits him.
Millions are no longer millionaires
The financial crisis has weighed heavily on American households, and millionaires are no exception, according to a report released Wednesday.
