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THE Treasury-generated forecasts that the Australian economy will grow 2 per cent this financial year are rubbery and are being overtaken as the global credit crunch hits home. The forecasts are likely to prove optimistic because of a natural ...
Read moreNews is all bad - The Australian
FRONT ROYAL — Warren County School Board members unanimously agreed Thursday to pursue historic tax credit options for converting the former Warren County High School building on Luray Avenue into a middle school. The Ballou Justice Upton ...
Read moreSchools to seek historic tax credit - Northern Virginia Daily
HSBC Finance Corp., M&T Bank Corp. and Bank of America Corp.'s Countrywide Financial say they've been aggressively modifying loans for troubled customers for months and even years. They've ramped-up the efforts recently as the economic crisis has ...
Read moreSlowly, mortgage help comes - TradingMarkets.com
If Congress doesn't step in and provide emergency funding to the Big Three automakers in Detroit, it will have a crippling effect on the economy that will trickle down to local dealerships and parts suppliers, franchise operators said this week. "If ...
Read moreBig Three failure could damage local economy - Northern Virginia Daily
Please register to gain free access to WSJ tools. An account already exists for the email address entered. The freezing of credit markets and complete collapse of consumer spending have exacerbated the troubles for Ford, GM and Chrysler. But there ...
Read moreRegister for FREE - Wall Street Journal
K. Wilson from Sooke, Canada writes: I have an idea: Why don't the oil companies- who have made obscene amounts of profits on the product that they sell, which goes into the product that the car companies make- spend a little of their billions to ...
Read moreChrysler Canada seeks $1-billion - Globe and Mail
Treasury Secretary Henry Paulson expressed fresh reservations Tuesday about tapping a $700 billion bailout pool to aid auto makers and provide mortgage guarantees to help stem soaring home foreclosures. Mr. Paulson and Federal Reserve Chairman Ben ...
Read morePaulson Remains Reluctant on Auto Maker, Homeowner Aid - Wall Street Journal
Nov. 20 (Bloomberg) -- Nordea AB , Svenska Handelsbanken AB and SEB AB, Sweden's biggest banks, are drawing fire from government officials for shunning the state's plan to bolster the financial system by guaranteeing their debt. The three banks ...
Read moreSwedish Banks Shun Government Plan, Riling Ministers, Companies - Bloomberg
A GRIM silence will descend on the planet's car factories this Christmas as the assembly lines stop and vehicles, normally made by the million every week, cease being built. Everywhere the lights will be switched off for longer than usual this ...
Read moreAs GM teeters, the auto industry's outlook is dire - The Australian
Sure sounds that way. With General Motors ( GM ) teetering at the edge of insolvency, the company's backers argue that a bankruptcy filing would basically wipe out the entire U.S. auto industry. All of GM's 125,000 employees would supposedly lose ...
Read moreBad Car Credit Guaranteed Loans Links
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