Will Americans Change Their Spending Habit
Wealth Daily had an interesting article about where Americans stand on spending. It’s no longer wimpy to save, and it may not be so cool to spend. At least that’s the story several new sets of data tell as the market meltdown continues to change our economic attitudes. The U.S. household savings rate rose to [...]
FDIC May Run “Bad Bank”
Bloomberg has an article on: FDIC may run Bad Banks The Federal Deposit Insurance Corp. may manage the so-called bad bank that the Obama administration is likely to set up as it tries to break the back of the credit crisis. U.S. stocks gained, extending a global rally, on optimism the bad-bank plan will help [...]
71400: Number Of Jobs Cut In A Single Day
CNN Money has an article on the current job loss: Bloody Monday: Over 71,400 jobs lost The final week of January began with a bloodbath for the job market, as over 71,400 more cuts were announced on Monday alone. At least six companies from manufacturing and service industries announced cost-cutting initiatives that included slashing thousands [...]