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Cash for Clunkers was created to jump start the failing car industry. After the fall of two major car companies, now partially government owned, Obama has been eagar to bring Crysler and GM out of the red. Dealers estimate nearly 250,000 cars...
Tags: clunkers, cash, unicersal healthcare, obama, house, bill, billion
These are some of the companies that a recent article by CNN.Money.com lists as having gone bankrupt in this unsteady economy. Phoenix Coyotes Perhaps this is the comeuppance for planting a hockey team in the desert. In May, the Phoenix...
Tags: phoenix coyotes, chapter 11, bankruptcy, million, billion, debts, assets, jim balsillie, jerry reinsdorf, hockey, team, hartmarx, brands, clothing, six flags, parks, company, established, consumers, wall street, stores, products, filenes basement, syms, travelers, recession, hotel chain, crunch gym
Oprah Winfrey Net worth: $2.7 billion Source of wealth: Harpo Productions Residence: Chicago Age: 55 The Oprah brand continues to hold its value despite the recession, as viewers tune in for money-saving tips, celebrity interviews and relationship...
Tags: 13above, american, americans, billion, billionaire, allnews, million, Money, rich, rich list, wealth, wealthiest, world
As US Banks continue to get more Stimulus money from the U.S. Government, it seems the less they are willing to lend even to qualified borrowers. To this date the banks have consumed about 590 billion dollars of the original 700 billion dollars...
Tags: American, taxpayer, billion, dollars, U.S., Government, banks, stimulus, Treasury, bad, assets
They say bankruptcy is inevitable for GM and Chrysler, and I say so be it. From the ashes will come a new beginning. A fresh start with a new and improved outlook on the way automobiles are designed and built.Why should these companies be any different...
Tags: GM, Chrysler, bankruptcy, billion, goverment, bailout, American, automobiles
What a real crisis is like! If you think that the current economic crisis is something that has never happened in history before, you may be wrong! After the collapse of the agriculture sector in Zimbabwe in 2000, the inflation in that country skyrocketed...
The Examiner's Julie Mason does a helpful recap of the spending the government has been doing since President Obama took office: "a $2 trillion financial services bailout, a $788 billion stimulus package, the $13.4 billion preliminary bailout for automakers,...
Tags: trillion, billion, stimulus package, bailout, stimulus, president obama, automakers, government, bailouts, economy
Noting that there is no liquidity shortage, the State Bank of Pakistan (SBP) on Friday asked commercial banks to increase lending to productive sectors of the economy. Governor SBP Syed Salim Raza expressed concern over the decrease in growth of credit...
Qld construction industry welcomes $4b assistance Posted January 25, 2009 08:09:00 Queensland developers and builders have welcomed a multi-billion-dollar assistance package for the commercial property sector. The Federal Government and the country's...
Tags: billion, government
While much of the debate over the $700 billion U.S. bailout plan has focused on whether the money is being spent wisely or well, concerns are growing among many conservatives about its constitutionality. Some conservatives have argued that the law creating...
Tags: constitutional, bailout, billion, bailout plan, government, aid