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What happens to us if everyone else rushes for the financial exit The beads of sweat must have been building up on Gordon Brown's brow last week. What if the leaders of other nations suddenly decided to raise taxes, to cut public spending or to raise interest rates ... BBCGuest column: Reinventing, re-educating American labor to fight recession We are facing the worst economic crisis since the Great Depression. Our unemployment rate is 9.7 percent. Topix.netBanks shorten loan tenures Uncertainty on interest rates and competition among banks are forcing lenders to lend for the short term and introduce interest rate reset clauses that kick in as early as three months. Business StandardUS jobless rate slows THE Australian sharemarket should draw confidence today from Wall Street, which rallied more than 1 per cent after better-than-expected jobs figures. The AustralianDoes a College Degree Protect your Career Unemployment Rate for College Graduates Highest on Record. As many students begin applying for the 2010 academic school year, students are looking at an economic climate where endowments are hit,... Mr. SwingChasing the rate curve The introduction of interest rate futures on National Stock Exchange on August 31 has not only deepened India's derivatives market but also has opened another avenue for investors. The Financial ExpressA Year Later, Are Our Listeners Still In Crisis? Sept. 7 marks one year since the start of events that led to the financial crisis. Host Liane Hansen revisits three listeners whose economic stories were featured on Weekend Edition over the past year to see how they're faring. Liane speaks with small-business owner Nancy Wallace of Atlanta; Melissa Parker of Sacramento, Calif., who was having problems paying her adjustable-rate mortgage, and Donna Giannola of Sterling, Colo., who was struggling to find steady employment. NPRMortgage rates down, still above record lows - San Francisco Gate The average rate for a 30-year fixed mortgage was 5.08 percent, down from 5.14 percent a week earlier, mortgage company Freddie Mac said Thursday. Rates, while above the record low of 4.78 percent hit... Big News NetworkCalif. Wildfires Burn Insurance Rates Wildfires are becoming almost a yearly occurrence in California, which has been struck by drought for three years. That's strained the resources of the state's insurance industry and led some insurance companies to seek rate hikes from state regulators. Host Liane Hansen talks to California Insurance Commissioner Steve Poizner about the effect of the Los Angeles County wildfires on homeowners' insurance rates. Market WatchPersonal Finance: GM bonds not typical situation Question: I have always invested in bonds because I like certainty. Several years ago, I bought General Motors bonds. I thought I could rely on a car company, and the interest rate was good. Now I find out that my bonds are going to be converted into stock by the Bankruptcy Court. What happens if I sell the stock after I get it? Will there be tax consequences? The Philadelphia Inquirer1 2 |
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