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Meredith Whitney: Credit Cards Are the Next Credit Crunch
Washington shouldn't exacerbate the looming problem in consumer credit lines.
Wall Street Journal

The Unlikely Gigolo
Helg Sgarbi, a former Credit Suisse banker, is sentenced to six years for attempted blackmail.
Forbes

Fresh pessimism sweeps over credit sector
Renewed concerns over corporate debt are hitting bond yields hard, creating an even grimmer mood in capital markets
FT

Report: Austin credit card debt 13% higher than U.S. average
A new report on credit card debt shows Austin area residents are carrying a higher balance than the statewide and national average.
Biz Journal

DrumBeat: March 10, 2009 - NewsTrust Yahoo Pipes Feed
Patrick Holden is the Al Gore of food security "Think of the global credit crises," he says. "Well, in 10 to 15 years we could see something similar happen with food, a sort of global food crunch. This would have far worse consequences than this financial crises ... In just a few generations we have burned almost all our reserves of fossil fuel and pumped the gas into the atmosphere." Holden refers to the fact that almost all the food in the Western world is grown using oil. Tractors and harvesters run on diesel, chemical pesticides are made from oil; fertilisers are either made directly from oil or mined from rapidly diminishing mineral reserves. He also describes a global food production and distribution system that uses oil to transport ...
NewsRack

Wellen: Credit cards, thy name is Usury - NewsTrust Yahoo Pipes Feed
Wellen: Credit cards, thy name is Usury
NewsRack

Philip Bowring: Credit for those who need it most - International Herald Tribune: Editorials
Credit demands from the West are sucking money out of developing economies.
NewsRack

Housing tax credit may help local housing market
A new tax credit of up to $8,000 for first-time home buyers could help stimulate the local real estate market, according to local Realtors and bankers.
Big News Network

Japan vows to keep falling stocks from causing credit crunch - International Herald Tribune: Business
Kaoru Yosano, the finance minister, said the government would take whatever steps necessary to keep the economy afloat, like issuing bonds to finance additional fiscal stimulus measures.
NewsRack

The Split Yen
The Japanese Yen is increasingly resembling a patient with split personality disorder, moving in one direction (down) against the Dollar while behaving quite differently against other currencies.For most of the duration of the credit crisis, the Yen had mirrored the performance of the Dollar, both of which had performed well as so-called “safe-haven” currencies. For [...]
Forex Blog

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Archived "business - credit card" news stories.

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