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The long arm of the global financial crisis reached down into Morena Parada's preschool classroom, where a little girl named Joeli Arias-Lopez painted bright green and orange splotches on an oversize easel and pronounced it a house.
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WASHINGTON (AP) -- The full scope of the housing meltdown isn't clear and already there are ominous signs of a new crisis - one that could turn out the lights on malls, hotels and storefronts nationwide....
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State whistleblowers tried to curtail greedy lending — and were thwarted by the Bush Administration and the financial industry.
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Barack Obama called for temporary but costly new programs to aid employers, automakers, homeowners, the unemployed, and state and local governments.
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Advice on positioning yourself to get the best rate you can in today's tighter-credit environment.
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The politicians may say they will bring the banks to book, but don't hold your breath if you're expecting your mortgage repayments to plummet following today's expected base rate cut. Prior to every base rate decision, the Council of Mortgage Lenders issues journalists with a ready reckoner that shows how interest rate changes affect monthly repayments. Yesterday, it said it wasn't bothering this month, as it didn't want to mislead people. That doesn't bode well.
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The credit storm swept through Wall Street and Main Street with renewed virulence as AIG and Fannie Mae reported huge losses, a leading US retailer filed for bankruptcy and multinationals such as Nortel and DHL cut thousands of jobs
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Mortgage finance giant Fannie Mae said it lost nearly 29 billion dollars in the third quarter and US electronics retailer Circuit City filed for bankruptcy protection.
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The credit storm swept through Wall Street and Main Street with renewed virulence as AIG and Fannie Mae reported huge losses, a leading US retailer filed for bankruptcy and multinationals such as Nortel and DHL cut thousands of jobs
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PORT-AU-PRINCE, Haiti (AP) -- The 5-year-old teetered on broomstick legs - he weighed less than 20 pounds, even after days of drinking enriched milk. Nearby, a 4-year-old girl hung from a strap attached to a scale, her wide eyes lifeless, her emaciated arms dangling weakly....
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WASHINGTON -- The full scope of the housing meltdown isn't clear and already there are ominous signs of a new crisis _ one that could turn out the lights on malls, hotels and storefronts nationwide.
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Black Friday's retail shoppers hunting for holiday bargains won't be enough to stave off what's likely to become the next economic crisis.
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The Council of Mortgage Lenders has attacked the Government for failing to deal with the mortgage crisis.
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Doris J. Dungey, 47, an influential blogger who under the pseudonym Tanta wrote about the failing U.S. mortgage industry, died of ovarian cancer Nov. 30 at Ohio State University Medical Center in Columbus. She previously lived in Upper Marlboro.
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President-elect Barack Obama has chosen Shaun Donovan, New York City's former housing commissioner, to be his secretary of Housing and Urban Development. Obama used his weekly radio address to announce the selection. He said HUD is essential in the effort to address the mortgage crisis, which he said "not only shakes the foundation of our economy, but the foundation of the American Dream."
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Bauchi State government has said it would no longer compensate victims of religious crisis.
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INDIANAPOLIS -- Becoming a mortgage broker in Indiana used to be easy. Too easy.
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Finance officials from the G7 countries have announced a series of measures to try to slow the effects of a financial crisis that is crippling markets around the globe.
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McCain attacks Obama on Bill Ayers; Obama slams McCain's mortgage proposal and healthcare tax credit.
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Why are the markets tanking?
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Fuel: Tesco has cut petrol prices by 3p a litre. The oil giant Total and Morrisons followed suit. The average price of unleaded petrol is now 109.2p/l and diesel 120.6p/l. Petrol now costs 9 per cent less than the high of 119.9p on 17 July, with diesel prices 10 per cent cheaper. More cuts may be on the way. As the price of oil sank to a 12-month low, the Petrol Retailers Association said changes took between six and eight weeks to filter down to forecourts.
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Financial leaders from the world's top economies worked Friday on sweeping plans to prop up the tottering banking system, as stocks plunged again in Europe and Asia and careened wildly on Wall Street.
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Lehman's failure turned an American financial meltdown based on the collapse of the subprime mortgage mortgage market into a global crisis.
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The world pays attention to its pirates, not to the continuing famine and warfare.
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Bert van Marwijk, the Netherlands coach, admits his plans for today's World Cup qualifier against Iceland have been thrown into disarray following an injury crisis.
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Experts weigh in on what's happening on Wall Street.
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Leaders of many of New York City’s largest companies gathered at the New York Stock Exchange to discuss how they and government officials should respond to the financial crisis.
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Finance officials from the world's top economic powers endorsed a sweeping plan Friday to stem the worst financial crisis in more than a half-century.
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