Center on Budget and Policy Priorities: States are facing a great fiscal crisis. At least 41 states faced or are facing shortfalls in their budgets for this and/or next year. Over half the states had already cut spending, used reserves, or raised revenues in order to adopt a balanced budget for the current fiscal year — which started July 1 in most states. Now, their budgets have fallen o...
Results 1 - 10 of 47 for "MBIA"
BOGOTA, Colombia (AP) -- Colombia's government readied emergency measures Sunday to appease irate investors who lost tens of millions of dollars in the collapse of pyramid schemes that caused riots, scores of arrests and two deaths....
President-elect Barack Obama is asking a Congressional lame-duck session to approve $25 billion to $50 billion in rescue aid for Detroit’s crumbling auto industry. He also wants to appoint a czar or board to oversee the auto industry’s rescue and reconstruction, Bloomberg reported. Both are steep requests that would require nationwide support – from Michigan state officials al...
Best B-Schools, turkey day food cost cuts & 7 tips to shop closeout sales - Today in Money 11/14
Fri, Nov 14, 9:14 AM ET
Filed under: Nokia Corp. (NOK), Citigroup Inc. (C), Penney (J.C.) (JCP), Money and Finance Today, Sun Microsystems (JAVA), Abercrombie and Fitch (ANF)In the News: · Retails Sales Plunge a Record 2.8% in October · Bernanke Hints at More Rate Cuts · Citigroup Planning 10,000 More Job Cuts · Sun Microsystems to Cut Up to 6,000 Jobs · Freddie Mac Loses $25 Billion...
Best B-Schools, turkey day food cost cuts & 7 tips to shop closeout sales - Today in Money 11/14
Fri, Nov 14, 4:14 AM ET
Filed under: Nokia Corp. (NOK), Citigroup Inc. (C), Penney (J.C.) (JCP), Money and Finance Today, Sun Microsystems (JAVA), Abercrombie and Fitch (ANF)In the News: · Retails Sales Plunge a Record 2.8% in October · Bernanke Hints at More Rate Cuts · Citigroup Planning 10,000 More Job Cuts · Sun Microsystems to Cut Up to 6,000 Jobs · Freddie Mac Loses $25 Billion...
Second, and Possibly Third, Stimulus on the Way as Unemployment Poses Next Major Hurdle for the Economy
Wed, Nov 12, 10:23 AM ET
With gross domestic product plummeting and the jobless rate at a 14-year high, U.S. policymakers will have to author at least one more stimulus package in the months to come if they are to elbow aside the impact of high unemployment and depressed consumers. "Investors have been reluctant to admit that this cycle, unlike 1998’s credit crisis, is imbedded in the real economy," Mer...
Filed under: Market matters, Citigroup Inc. (C), JPMorgan Chase (JPM), Federal Natl Mtge (FNM), Amer Intl Group (AIG), Wells Fargo (WFC), Housing, Cramer on BloggingStocks, MBIA Inc (MBI) From TheStreet.com Network Treasury Mulls Private Role in TARP CEO Payday Draws S.C. Governor's Ire TheStreet.com's Jim Cramer says that's the real problem, and every little bit helps. Many are decrying that t...
Filed under: Employees, Amer Intl Group (AIG), Financial CrisisAnother day, another American International Group Inc. (NYSE: AIG) junket caught on video. Chief Executive Edward Liddy has promised members of Congress that it would not happen again. But since Liddy's credibility has been destroyed on Capitol Hill, AIG has no choice but to replace him.AIG is going to get an avalanche of bad public...
Filed under: Analyst upgrades and downgrades, Tyson Foods'A' (TSN), Analyst initiations, Urban Outfitters (URBN), KKR Financial (KFN)Analyst upgrades: Baird upgraded Optimer Pharm (NASDAQ: OPTR) to Outperform from Neutral and raised its target to $13 from $8 citing the decidedly positive data from the OPT-80 trial. Banc of America upgraded Quest Diagnostics (NYSE: DGX) to Buy from Neutral on va...
by Guy Bennett President, Q1 Publishing A pure free market economy is great on paper. Goods and services are exchanged under conditions mutually agreed upon by the seller and the buyer. The efficiency of the system is enforced by the natural laws of supply and demand, leading to lower pricing and increased quality of service. Under this theory, government regulation is an evil which distorts th...