Good economic news, relatively speaking, caused the mortgage rates to drop this week. It will be interesting to watch rates next week as today's jobless numbers should increase optimism.
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Fannie Mae needs another $10.7 billion taxpayer bailout from the Treasury Department to stay afloat. The government-controlled mortgage insurer has drawn a total of $45.9 billion of its $200 billion lifeline this year.
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All those cash for clunkers cars must be crushed or shredded within 180 days, whether or not all usable parts have been salvaged. Thousands of cash for clunkers cars have been left at car dealers. So, what happens to all those clunkers after they are traded in for a new, fuel-efficient car? Need any spare parts … better act fast.
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The cost for crude oil rose above $71 a barrel today for the first time in a month as increasing industrial activity bolstered consumer and business optimism that fuel demand will rebound. As a result, expect to shortly be paying more at the gas pump.
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The current financial crisis may reduce economic freedom as governments are likely increase intervention in a bid to protect their own economies – according to a study in Pacific Focus published by Wiley–Blackwell.
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Fifteen states and the District of Columbia now have unemployment rates above 10 percent, according to federal data released Friday. In Michigan, hard-hit by the auto industry downturn, the unemployment reate hit 15.2 percent, the first time any state has hit that mark since 1984. In 1984, it was West Virginia.
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As the global recession continues to churn, Pope Benedict XVI on Tuesday released his third encyclical, called "Charity in Truth," released as the G-8 summit begins in Italy.
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With voting steadfastly along party lines, right up until 3 minutes before midnight on June 30th, California failed to pass a budget on Tuesday night. This means, unless there is some sort of miraculous breakthrough, California Treasurer John Chiang will begin issues IOUs Thursday.
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In this Webinar, students will explore these leadership categories and develop a strategy for dealing with a wide variety of people that encourages you to match their “leadership development levels” and realize a higher degree of team effectiveness.
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Gasoline prices continued to rise on Wednesday, as many analysts expressed concerns that a continued rise could derail a recovery from the recession. This is the longest continued upsurge in records dating to 1996, although benchmark crude fell for the fourth straight day.
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Good news and bad news, with respect to the unemployment numbers for May released today by the U.S. Labor Department. First, the bad news: unemployment has reached 9.4%. Now, the good news: the pace of layoffs slowed, with employers cutting 345,000 jobs, the fewest since September.
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