McCain, Obama spar over economy Tue, 08 Jul 2008 07:20:03 -0400 Read full story for latest details.
SEC blows whistle on bond raters Tue, 08 Jul 2008 14:02:14 -0400 Government officials said Tuesday that the country's three largest credit raters failed in their reviews of subprime mortgage-backed securities.
Fed to crack down on shady lending Tue, 08 Jul 2008 11:27:17 -0400 Read full story for latest details.
Latest Business News from Times Online
Bradford & Bingley dives again as recession fears worsen in London Tue, 08 Jul 2008 07:46:51 -0000
Shares in Bradford & Bingley (B&B), the struggling bank, plunged
nearly 20 per cent today as London's leading stocks lurched into a bear
market on escalating fears that the UK is careering towards a recession.
WPP bid offer for TNS will not be pure cash Tue, 08 Jul 2008 17:37:33 -0000
WPP will not make a pure cash offer for market research group Taylor Nelson
Sofres (TNS), it has emerged ahead of the advertising giant’s put up or shut
up deadline to make a firm bid or walk away.
UK annual mortgage lending slumps 44% Tue, 08 Jul 2008 13:24:33 -0000
The number of new home loans granted during May plunged by 44 per cent
compared with last year while remortgaging activity declined as home owners
shunned rocketing arrangement fees.
US Fed may extend funding for hard-hit banks Tue, 08 Jul 2008 15:11:19 -0000
Ben Bernanke, chairman of the Federal Reserve, sought to steady America’s
stock markets yesterday, by indicating that his US Central bank would
continue to offer cheap financing to Wall Street firms into 2009 should the
damaging credit crunch "continue to prevail".
Persimmon takes housing sector job cuts to 4,500 Tue, 08 Jul 2008 07:39:14 -0000
Persimmon, the UK housebuilder, said today that it will cut 2,000 full and
part-time jobs after reporting home completions had plunged by 31 per cent
and revenue by 34 per cent in the first six months of this year.
Barclays stops selling secured loans Tue, 08 Jul 2008 17:09:32 -0000
Barclays has withdrawn from the secured loan market, the bank said yesterday.
Executive PayWatch - Analysis and information about disparity between executive salaries and other workers, from AFL-CIO
Meta Description: [ 2007 Executive PayWatch ]
Inequality and Ideology - Article by Michael Novak from American Enterprise Institute that discusses from conservative perspective the differing philosophical and social visions underlying debates over wage inequality.
Living Standards and Labor - News, data and analysis about wages and living standards from progressive perspective, Economic Policy Institute.
Meta Description: [ Living standards and labor market issues | EPINET.ORG ]
United for a Fair Economy - UFE raises awareness that concentrated wealth and power undermine the economy, corrupt democracy, deepen the racial divide, and tear communities apart.
Meta Description: [ United for a Fair Economy is a national, independent, nonpartisan, 501(c)(3) non-profit organization. UFE raises awareness that concentrated wealth and power undermine the economy, corrupt democracy, deepen the racial divide, and tear communities apart. We support and help build social movements ... ]
For more: http://www.pbs.org/billmoyers ...inequality wages minimum wage living holly sklar poverty American dream bill ...