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Similarities Exist Between The Economic Downturns Of The 1970s And ... - St. Petersburg Times
back to the '70s, not in terms of fashion but in terms of finances. comparisons to the great depression aside, the country's burgeoning economic slump is drawing sharp parallels to the early 1970s — the last time the stock markets behaved in such a ...
www.tampabay.com

Credit Card Companies Cracking Down On Bad Debt
the impact of ultra-tight credit markets is hitting your credit cards, and you might not even realize it. behind the changes is the simple fact that lenders want to protect themselves from bad debt, so they're tightening standards and practices in hopes of avoiding defaults by credit card users.
cbs2.com

Creditcards.com: Weekly Credit Card Rate Report
annual percentage rates fell slightly for most credit cards, according to the creditcards.com weekly credit card rate report, as citi this week lowered aprs on many of its cards in reaction to the federal reserve's recent rate cut.
www.centredaily.com

Small Firms Worry Most About Lack Of Customers - Riverside Press Enterprise
the bad news has been circulating for months. the credit crunch is a killer for small businesses. they can't get short-term loans to help them meet their payrolls. the banks won't say yes to a firm that wants to finance a new addition. the current ...
www.pe.com

Can The Nbn Survive The Recession? - Zdnet Australia
aapt, in a significant step, has decided to pull out of the terria consortium; terria recently said the financial crisis would force it to re-evaluate its finance options; and the big-money financiers in the acacia consortium must be having a few ...
www.zdnet.com.au

Banks Hoard Cash As Credit Card Defaults Rise
consumers are increasingly unable to pay off their credit cards, forcing banks to hoard cash to protect against future losses and lend to fewer people, according to reports yesterday from several of the nation's largest banks.
www.washingtonpost.com

Moody's Says Bad Credit Card Debt On The Rise
moody's said it expects charge-offs — loans written off as not being repaid — to continue to rise into and throughout 2009, eventually surpassing peak rates seen during past recessions.
www.chron.com

Credit Squeeze Strangling Businesses - Minneapolis Star Tribune
time to grow up, strib. these folks have a great idea. there is no guarantee that anyone with a great idea can get it done. in a free … read more market that is not over regulated by social engineers who force lenders to give bad loans in the ...
www.startribune.com

Bush, Allies From Major Industrial Countries Show Joint Resolve To ... - Chicago Tribune
washington (ap) _ president bush and foreign financial officials displayed joint resolve saturday to combat the unfolding financial crisis, hoping to calm investors whose panic has spread despite bold and accelerating government action. yet there was ...
www.chicagotribune.com

Creditcards.com: Weekly Credit Card Rate Report
annual percentage rates fell slightly for most credit cards, according to the creditcards.com weekly
www.wallstreet-online.de

The Coming Credit Card Meltdown
businessweek takes a useful look at the next big problem in consumer credit. one word: plastic. the piece’s perspective is upside-down, in my view, in that it concerns itself with the effect of looming defaults on lenders. really, at this point, it’s borrowers you have to worry about.
www.cjr.org

Leading Article: A Bad Bill Heading For Oblivion - The Independent
it is widely predicted that tonight the house of lords will throw out the bill extending the time limit for the detention of terror suspects without trial to 42 days. unelected and unaccountable, the house of lords seems an aberration in a modern ...
www.independent.co.uk

Rudd's Risky Handout May Be Ineffective - The Australian
in his reign at the reserve bank he guided the economy deftly through the asian financial crisis and the fallout of the 2001 global recession. his business contacts were impeccable and he may have been more attuned to the attitudes of corporates than ...
www.theaustralian.news.com.au

Credit Cards Could Become Next Trouble Spot In Crisis
credit-card delinquencies are likely to become the next flashpoint in the credit crisis, though the impact on the economy won't be as severe as the housing slump, analysts say
biz.yahoo.com

Credit Card Debt Soars
national (wbtv) - the average american now owes more than $1,700 to credit card lenders. late payments are up 14 percent nationwide and credit card companies are raising rates.
www.wtvm.com

It's The Lull Before The Growing Economic Storm - The Australian
for a council of war on the financial crisis. yet for the australian economy, it's still the period of the phoney war. fighting in the trenches appears imminent. that prospect is making everyone extremely nervous -- consumers are cutting right back ...
www.theaustralian.news.com.au

It's Not Smooth Sailing Just Yet - Washington Post
resize now that the emergency economic stabilization act of 2008 has been passed by congress and signed by the president, what should we expect for the economy and markets? a few things we do know for sure. "this is going to be a very bad christmas ...
www.washingtonpost.com

News Briefs
new york bad credit-card debt surging; record predicted moody's investors service said credit-card charge-offs rose 48 percent in august, according to the ratings agency's latest data on $435 billion in credit-card loans backing securities that moody's rates.
www.dispatch.com

Uk Lenders Reject 5m Loan And Credit Card Applications - Survey
almost five million product applications** from people seeking new credit cards or personal loans have been rejected by lenders in the past six ...
www.finextra.com

Stocks Bounce Back - Baltimore Sun
new york - wall street snapped back yesterday after its biggest sell-off in years amid growing expectations that lawmakers will salvage a $700 billion rescue plan for the financial sector. but the seized-up credit markets where businesses turn to ...
www.baltimoresun.com