Reuters – World stocks fell after five days of gains on Tuesday as investors fretted over U.S. plans to boost the economy and save its banks.
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U.S. stimulus worries weigh on global stocks
(Reuters)
February 10th, 2009 · No Comments
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Economic crisis spurs personal finance classes
(AP)
February 10th, 2009 · No Comments
AP – High school teacher Daniel Jackson is reviewing lessons some adults would find difficult: mortgage loans, down payments, interest rates and closing costs. He tosses calculators to students, chastises them for not studying enough and urges them to apply problem-solving skills to decipher complex mortgage information.
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Make Believers
February 10th, 2009 · No Comments
They came by the thousands: rocket builders and knitting enthusiasts, weavers and welders, blacksmiths and bicyclemakers. They brought flamethrowers, catapults and a two-story robot that spat Ping-Pong balls. They taught visitors how to make ice cream with liquid nitrogen and how to turn old socks into plush monsters.Read More… [Source: Small business news - CNNMoney.com]
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Wal-Mart cutting 700-800 jobs at headquarters
(AP)
February 10th, 2009 · No Comments
AP – Wal-Mart Stores Inc. will cut 700 to 800 jobs at its northwestern Arkansas headquarters as it builds fewer new stores this year and makes other operational changes, the world’s largest retailer announced Tuesday.
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Bernanke says Fed actions easing strains
(Reuters)
February 10th, 2009 · No Comments
Reuters – The Federal Reserve believes an array of extraordinary programs aimed at stabilizing credit and banking have improved market conditions and eased strains despite a drumbeat of negative economic news, Fed Chairman Ben Bernanke said on Tuesday.
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Is Obama’s SBA a Tool of Big Business?
February 10th, 2009 · No Comments
The American Small Business League has expressed concern that the U.S. Small Business Administration will continue to bow to big rather than small business as President Obama takes the reins of federal government largesse.
Under President George W. Bush, the SBA funneled billions in federal business to large [...]
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On Sale? Really? Prove it.
February 10th, 2009 · No Comments
With major companies now trading on the Market for the price of a hamburger, you’ve got to wonder what a SALE! sign means when you see it in every retailer’s window. I don’t think their idea of a SALE! is my idea of a sale. Like, before this whole depression works its way through the [...]
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Stimulus: What’s in it for small biz?
February 10th, 2009 · No Comments
With sales down and banks reluctant to extend loans without hefty collateral guarantees, many small businesses are strapped for operating capital. Both the House and Senate versions of the economic recovery bill address this pressing issue, but their proposed solutions are wildly different.Read More… [Source: Small business news - CNNMoney.com]
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U.S. offers new bank rescue plan, stocks fall
(Reuters)
February 10th, 2009 · No Comments
Reuters – The Treasury rolled out a reworked financial rescue plan on Tuesday worth possibly more than $2 trillion to mop up bad bank assets and revive consumer lending in a bid to stave off a deep recession.
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The view from Maine Street
February 10th, 2009 · No Comments
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