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Armand Biroonak's picture

CAF STAFF

Under Strain, Cities Are Cutting Back Projects

From nytimes.com
Submitted by Armand Biroonak
October 1st, 2008
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nytimes.com — Cities, states and other local governments have been effectively shut out of the bond markets for the last two weeks, raising the cost of day-to-day operations, threatening longer-term projects and dampening a broad source of jobs and stability at a time when other parts of the economy are weakening.

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Alex Carter's picture

CAF STAFF

Panel’s Bipartisan View: F.D.A. Is Underfinanced

From nytimes.com
Submitted by Alex Carter
April 16th, 2008
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nytimes.com — The Food and Drug Administration needs far more money than the White House has proposed for next year, senators of both parties said Tuesday. “To us, it’s clear that they’re seriously underfunded,” Senator Herb Kohl, Democrat of Wisconsin, said after a hearing of the Appropriations subcommittee, headed by Mr. Kohl, that oversees the agency’s spending.

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OurFuture.org Staff's picture

Credit Crunch Hits Bankers to the Rich

From iht.com
Submitted by OurFuture.org Staff
January 10th, 2008
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iht.com — The wealthy are paying back investment loans to reduce risk, and depriving the wealth management industry of an income stream.

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OurFuture.org Staff's picture

United Nations Says U.S. Housing Slowdown Risks Global Recession

From iht.com
Submitted by OurFuture.org Staff
January 10th, 2008
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iht.com — U.N. economists say the erosion of the U.S. Housing market and declining dollar may stall expansion of the global economy in 2009.

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OurFuture.org Staff's picture

U.S. Presidential Race Holds Risks for Global Economy

From iht.com
Submitted by OurFuture.org Staff
January 9th, 2008
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iht.com — A new American isolationism could emerge from discontent over economic issues and the uncertainties Americans face due to economic globalization.

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OurFuture.org Staff's picture

The U.S. Recession Has Arrived

From news.bbc.co.uk
Submitted by OurFuture.org Staff
January 8th, 2008
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news.bbc.co.uk — Tumbling stock shares, in the wake of the recent jobs report, confirms the U.S. is in the first month of a recession.

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OurFuture.org Staff's picture

Democrats Bow to Bush's Demands Again, on Spending Bill

From washingtonpost.com
Submitted by OurFuture.org Staff
December 13th, 2007
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washingtonpost.com — House Democrats handed the president a victory, agreeing not only to drop their demands for $22 billion in additional spending but to also shift funds from their priorities to Bush's.

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OurFuture.org Staff's picture

Treasury Secretary Reveals Subprime Mortgage Relief Plan

From mcclatchydc.com
Submitted by OurFuture.org Staff
December 4th, 2007
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mcclatchydc.com — Plan would help state and local governments issue tax-exempt bonds for refinancing, and temporarily freeze mortgage rates for tens of thousands.

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OurFuture.org Staff's picture

Banks Offer Plan to Freeze Subprime Loan Rates, Stop Foreclosures

From mcclatchydc.com
Submitted by OurFuture.org Staff
December 3rd, 2007
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mcclatchydc.com —

A coalition of banks is planning to freeze rates for hundres of thousands of mortgages, to avoid defaults and foreclosures.

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OurFuture.org Staff's picture

IMF: World Economy Heading for 'Perfect Storm'

From thisismoney.co.uk
Submitted by OurFuture.org Staff
November 30th, 2007
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thisismoney.co.uk — Rising oil prices plus America’s credit crunch and looming recession adds up to trouble for the world economy.

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