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Articles Written by: BILL NEIKIRK
President Bush went to New York on Friday to display his leadership on the economy, and the stock market plummeted.
Presidents can jawbone and assure and cajole as much as they want on the economy, but it’s now too late to expect a speech to calm a ...
Now we know. The Federal Reserve will not hesitate to bail out Wall Street firms that got into trouble because of their involvement in mortgage-backed securities.
The central bank, through the Federal Reserve Bank of New York, joined JPMorgan Chase & ...
From BILL NEIKIRK,
The Swamp,
14 Mar 2008
Our central bank has been reducing interest rates to contain the fallout from a credit crunch that began in the sub-prime mortgage market. Next month, it is widely anticipated the Fed will slash interest rates one more time. Financial markets have ...
In a few more months, warm weather will be here and the open road will beckon. But it could be a very expensive open road if oil prices stay as high as they are now.
On Tuesday, for the third time, the price of oil cracked $100 a barrel. This news didn’ ...
One year of post-high school training, whether in community college, technical schools, or a university, should be required, he said, adding that his plan would call for additional government help so that young people could meet this mandate.
Emanuel, ...
President Bush signed an energy bill into law today that would not have been his ideal of a good bill when he took office in 2001.
But times and politics change and so do presidents. He's still a driller but now he's become more of a conserver--greener ...
After Greenspan first made his remarks on a Sunday talk show, he later modified them to say that the money from the federal treasury should only go a limited group of people who are current with their mortgage payments but can't afford them when their ...
The Federal Open Market Committee decided today to lower its target for the federal funds rate 25 basis points to 4-1/4 percent.
The Fed cited an "intensification" of the housing correction that has spread to other areas of the economy. Business ...
President Bush was eager today to tell Americans about his new plan to assist financially strapped homeowners. After he did it, he gave them a way to find out more.
He said: "And I have a message for every homeowner worried about rising mortgage ...
Movie star Chuck Norris and his wife showed up at a Capitol Hill press conference with former Arkansas Gov. Mike Huckabee today to express his support for the Republican presidential contender.
Huckabee took most of the questions, but one reporter ...
