Posted on August 4th, 2008 by Pamela Leavey
The NY Times reports today that although the “first wave of Americans to default on their home mortgages appears to be cresting,” a second, far larger group of potential loan defaults is looming, because now, even “homeowners with good credit are falling behind on their payments in growing numbers.”
The percentage of mortgages in arrears in the category of loans one [...]
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Filed under: Barack Obama '08, Consumers, Credit Crisis, Democrats, Economic News, Economy, Editorial, Election '08, Gas Prices, Housing, In The News, John McCain '08, N.Y. Times, Opinions, Pamela Leavey, Political News, Politics, Presidential Election, Republicans
Posted on July 28th, 2008 by Pamela Leavey
Now that Barack Obama is back in the U.S., after his whirlwind trip to the Middle East and Europe, he’s ready to start focusing on the “top issue for American voters — the faltering U.S. economy.”
That’s welcome news, because every one I speak to from friends to business associates are all concerned with economic issues. As [...]
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Filed under: Barack Obama '08, Bill Clinton, Bush Admin, Congress, Consumers, Democrats, Economic News, Economy, Election '08, Gas Prices, General Election, House of Reps, Housing, In The News, International, John McCain '08, Pamela Leavey, Political News, Politics, Polls, Presidential Election, Republicans, Senate
Posted on July 20th, 2008 by Pamela Leavey
Many Americans have dug a hole so deep thanks to corporate bankers and our government’s propensity to bail them out before helping the little people that are losing their homes, that it could be a long while before we’ve seen the end of our collective economic nightmare. It doesn’t take a degree in rocket science [...]
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Filed under: Bush Admin, BushCo, Congress, Consumers, Corporatism, Democrats, Economic News, Economy, Gas Prices, George W. Bush, In The News, N.Y. Times, Pamela Leavey, Political News, Politics, Presidential Election, Republicans
Posted on July 8th, 2008 by Pamela Leavey
Financial Times reports that the Feds are ready to bail out the big banks:
Large US investment banks will be able to access emergency cash from the Federal Reserve into next year if market turmoil persists, Ben Bernanke said on Tuesday in a sign of the growing concern among policymakers that financial strains could continue for [...]
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Filed under: Barack Obama '08, Bush Admin, BushCo, Consumers, Economic News, Economy, Election '08, In The News, John McCain '08, Pamela Leavey, Political News, Republicans
Posted on July 2nd, 2008 by Pamela Leavey
Earlier this evening I sat outside with a neighbor discussing a wealth of topics including the news that Starbucks will be cutting “up to 12,000 jobs” and closing “600 stores.”
It’s a sign of the times to come as consumers continue to cut back on even the littlest of extravagances to make sure they put gas [...]
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Filed under: California, Consumers, Corporatism, Economic News, Economy, Gas Prices, In The News, Pamela Leavey
Posted on June 10th, 2008 by Walter Brasch
ELYSBURG, Pa.–Registration at the annual Colonial Classic and Pennsylvania State Shoot is down 15–20 percent this year.
The problems are both the increase in the price of gas and the economy says Bruce Murphy, president of the Pennsylvania State Sportsmen’s Association, which sponsors one of the nation’s largest trap shoot tournaments.
With the price of gas averaging [...]
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Filed under: Big Oil, Consumers, Economic News, Economy, Environment, Gas Prices, In The News, Travel, Walter Brasch
Posted on June 8th, 2008 by Pamela Leavey
The national average gas price for a gallon of “regular unleaded rose 1.7 cents to $4.005, according the daily measure on the AAA’s Web site.
That surpassed the previous record of $3.989 set Thursday.
The milestone was expected after a surge in crude oil prices added more than $16 to a barrel of oil over the last [...]
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Filed under: Big Oil, California, Consumers, Economic News, Economy, Gas Prices, In The News, Los Angeles, Pamela Leavey, SoCal
Posted on June 6th, 2008 by Pamela Leavey
The Dow slide 394 points today while “crude oil prices spiked over $138.” There is no relief in sight on the rising oil prices.
The pain at the pumps has been excruciating in recent weeks. Today, oil prices “shot up nearly $11 a barrel” and settled “at a record $138.54 on geopolitical jitters, a dollar decline and a [...]
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Filed under: BushCo, Congress, Consumers, Democrats, Economic News, Economy, Gas Prices, House of Reps, In The News, Pamela Leavey, Political News, Politics, Senate
Posted on May 31st, 2008 by Robert Freedland
Cross-Posted on Stock Picks Bob’s Advice:
A few days ago I discussed how I was looking into an iBond. So I visited my local Wells Fargo Bank and purchased a $5,000 bond for a long-term investment. And the more I thought about, the more I became perplexed about this new limit on individual savings [...]
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Filed under: Afghanistan, Bush Admin, BushCo, Consumers, Economic News, Economy, Election '08, Foreign Policy, George W. Bush, History, In The News, Iraq, Military, Political News, Politics, Republicans, Robert Freedland, War
Posted on May 26th, 2008 by Pamela Leavey
More economic fallout in the news, via the NY Times: “The auto industry is getting sideswiped by the housing crisis.”
Auto lenders and banks, closing their wallets, have prevented hundreds of thousands of consumers from obtaining the financing for a car. Home equity loans, which had been used in at least one of every nine deals, [...]
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Filed under: Autos, Big Oil, Consumers, Economic News, Economy, Gas Prices, In The News, Pamela Leavey
Posted on May 26th, 2008 by Frenchdoc
Cross-posted from The Global Sociology Blog.
I have posted extensively on the global food prices crisis (the latest post is here) but the crisis is not over and there are still many stories to be told regarding the causes and consequences of this global disaster. first, let’s start with this Guardian handy summary of the 5 [...]
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Filed under: Afghanistan, Big Oil, Consumers, Economic News, Economy, Foreign Policy, Frenchdoc, Gas Prices, International, Sexism, Women's Issues, World News
Posted on May 23rd, 2008 by Pamela Leavey
It’s a holiday weekend and I’m looking forward to relaxing with friends over the weekend and as always for me, catching up on paperwork and things pushed aside when I spend too much time here blogging. With gas prices ever soaring, AP News reports:
As consumers began hitting the road Friday for the Memorial Day weekend, [...]
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Filed under: Consumers, Economy, Gas Prices, In The News, Pamela Leavey, Political News
