Site Meter Inside Entertainment News: recession
Showing posts with label recession. Show all posts
Showing posts with label recession. Show all posts

Tuesday, February 10, 2009

Obama: Scaring us straight

Barack Obama has a tough act to pull off. He must simultaneously petrify people and also restore their confidence. He must scare us to death and calm our fears.

He must convince the nation that the times are so dire we must carry out his bold plans immediately, and then he must persuade us to be patient and give his plans time to work.....

Read more Scaring us straight

Source: politico

Thursday, February 5, 2009

Watchdog: Treasury overpaid for bank stocks

The federal government overpaid for stocks and other assets in attempting to help financial institutions last year, a government watchdog said Thursday, taking further issue with the beleaguered $700 billion rescue program.

Elizabeth Warren, chairwoman of the Congressional Oversight Panel for the bailout funds, told the Senate Banking Committee on Thursday that Treasury in 2008 paid $254 billion and received assets worth about $176 billion.....

Read more Treasury overpaid for bank stocks

Source: my way news

Monday, February 2, 2009

Woman fired after saving the life of her boss

Station finance manager David Breed had a severe heart attack at work in September. Ms Hegyi, who is a registered nurse, rushed to help.

She gave him medication, hooked him up to oxygen and called an ambulance....

Read more Woman fired after saving her boss

Source: news.com.au

Saturday, January 31, 2009

'Risk of a near-depression shouldn't be underestimated'...

At the World Economic Forum two years ago, Nouriel Roubini warned that record profits and bonuses were obscuring a “hard landing” to come. “I really disagree,” countered Jacob Frenkel, the American International Group Inc. vice chairman and former Israeli central banker.....

Read more Roubini: 'Risk of a near-depression shouldn't be underestimated'...

Source: bloomberg

The Bad News: 'Recovery Will Take Years, Not Months'

"We'll help lower mortgage costs and extend loans to small businesses so they can create jobs. Soon my Treasury secretary, Tim Geithner, will announce a new strategy for reviving our financial system that gets credit flowing to businesses and families," Obama, a Democrat, said in his weekly radio address...

Read more years, not months...

Source: reuters