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Many banks have made it harder for borrowers to obtain all kinds of loans over the past three months despite a $700 billion federal bailout program and a flurry of other bold moves to stem the worst financial crisis to hit the country since the 1930s. ...more
February 3, 2009
About $70 in nickels is ending up costing three Brevard County Sheriff's deputies a lot more. ...more
January 29, 2009
Jabil Is Cutting Work Force, Has Lawsuit Dismissed St. Petersburg electronics manufacturer Jabil Circuit Inc. said Wednesday that it is curtailing its capacity in parts of the world and will trim 3,000 jobs from its work force of 85,000 to match declining customer demand in the midst of the global recession. ...more
January 29, 2009
In a swift victory for President Barack Obama, the Democratic-controlled House approved a historically huge $819 billion stimulus bill Wednesday night with spending increases and tax cuts at the heart of the young administration's plan to revive a badly ailing economy. ...more
January 29, 2009
New-home construction plunged to an all-time low in December, capping the worst year for builders on records dating back to 1959. ...more
January 22, 2009
Rates on 30-year mortgages set a record for a fifth straight week by dropping to below 5 percent, the lowest mark since Freddie Mac started tracking the data in 1971. ...more
January 15, 2009
Abolish Federal Reserve Act The Federal Reserve refers to the rate at which private banks borrow money from each other or from the Federal Reserve in order to meet their reserve requirements for making loans, set 10 cents in reserve for every dollar they loan. By lowering the rate to zero, the Feds are essentially handing out free money to bankers, saying: Take this bag of cash. Use it for loans or whatever you want, it doesn't matter what interest rate you charge; you're guaranteed a profit. The Feds are only interested in ensuring the future of the current system of debt - and the profits of its fellow private bankers. ...more
January 14, 2009
Even after a crucial deadline came and went, the financing arm of General Motors Corp. remained silent Saturday on whether it cleared a final hurdle to become a bank holding company and gain access to billions in federal bailout money. ...more
December 28, 2008
The Federal Reserve cut its target for a key interest rate to the lowest level on record Tuesday and pledged to use "all available tools" to combat a severe financial crisis and prolonged recession. STORY, Page 13 ...more
December 17, 2008
The country's economic picture darkened further as Americans hunkered down heading into the holidays, forcing retailers to ring up fewer sales and factories to cut back on production. ...more
December 4, 2008
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