| Running for the economic empathizer in chief
Clinton laid out a list of college loan assistance, mortgage relief, heating oil assistance and more. But people who said they would vote for her today focused less on the specifics than on a prospect of a return to the booming economy presided over by her husband in the 1990s.
Obama supporters embraced his message that real economic reform can occur only under the guidance of someone capable of breaking the partisan logjam in Washington.
Fighting for attention, trailing in the polls, Edwards hammered home his message of economic populism, which he has stuck to more than any of the others since the start of the race.
Bill Clinton, running for president in 1992 as a relatively obscure Southern governor, set himself apart with his ability to show empathy to working-class Americans locked in the throes of a recession.
Credit crunch threatens economy
Five months ago, Federal Reserve Chairman Ben S. Bernanke shrugged aside the global financial turbulence caused by risky subprime loans and pronounced himself more concerned with inflation than credit markets. But this week after a worldwide stock market rout and gloomy spending and unemployment data, Bernanke waded into the subprime mortgage mess and offered an emergency rescue package to the banks and the credit markets where the world's growing economic unease began. Just days after Washington floated the idea of tax rebates, the Fed, motivated in part by big losses in the stock market, hastily cut its benchmark interest rate in an attempt to help banks strengthen their balance sheets -- a move authorities hoped would ultimately blunt the impending economic slowdown.
Change in bankruptcy laws pondered amid home mortgage meltdown
WASHINGTON | After being hooked with ill-advised subprime loans on their homes, many thousands of Americans could end up gaffed in bankruptcy courts next year. Despite a new law to make filings more painful, bankruptcies surged by nearly 40 percent in 2007, leading Samuel Gerdano, American Bankruptcy Institute director, to predict "even higher filings this year, as the heavy consumer debt load is made worse by the home mortgage crisis." Some in Congress want to wade in to try to help prevent more — perhaps as many as 2.2 million — homes from being lost to foreclosure. Nearly 20,000 Missourians risk losing homes, said Sen. Claire McCaskill, a Missouri Democrat. Sen. Chris Dodd would roll back provisions in the law enacted two years ago to make it harder for people to file for bankruptcy and walk away from their debts.
Hip-Hop Rumors: Jim Jones Gets Emotional. R.Kelly Shoots Ne-Yo Down ...
However, it makes sense since the year is closing and figures have to look good going into the next fiscal year (depending if their fiscal yr ends in Dec or Jan).
- Uh why is Jim Jones still in the news? What has this fool done lately (excluding the mixtape biting off someone elses concept album)? Seriously, what has he been doing big? I'm just lost....maybe I'm just stuck under a rock the size of VA. :-\ .
Dura delays Chapter 11 exit
Dura delays Chapter 11 exit Rochester Hills firm asks court to postpone action while its financing strategy is reevaluated. Terry Kosdrosky and Peg Brickley / Dow Jones Newswires DETROIT -- Auto-parts supplier Dura Automotive Systems Inc. said Thursday it's postponing its Chapter 11 exit financing process in the latest example of the credit crunch hampering bankruptcy exits. Dura, a Rochester Hills-based designer and manufacturer of driver control systems and other products for the automotive industry, said it has asked the Bankruptcy Court in Wilmington, Del., to postpone its confirmation hearing to early next year, when the company will reevaluate its financing strategy. "The credit markets have continued to move against us these past few weeks and the financing terms available in this market are not acceptable to the company," Chairman and Chief Executive Larry Denton said in a statement.
Debunking bank report
It probably hasn't been a lot of fun to be in banking over the last six months, what with the credit crisis, subprime-mortgage mess, and rising loan defaults. At least a banker can celebrate the opening of a new branch once in a while, right? William E. Brown couldn't yesterday. The head of Citibank's 21 branches in the Philadelphia market spent part of the day denying a report that raised doubt about the giant company's plans for the region. Yesterday's Wall Street Journal said Citigroup Inc. was "abandoning a push" to open up to 100 branches a year across the United States. The story said Citigroup would focus on areas where its market share of deposits was strong or growing, such as Boston, Miami, New York and San Francisco. Comparing growth in Boston with Philadelphia, the Journal said bank executives were "pleased with Boston branches, but are less impressed with the Philadelphia experiment, according to one person familiar with the situation." Not true, Brown said.
UK troops are 'poorly trained for insurgency'
Where is the call on the 'army community' to come forwrd with info. on who was responsible for Mr Baha's death/the other abuse. They are shielding abusers. Also if there is the excuse of a majority of the army being good, that non-stigmatising approach should apply to others who are currently demonised. .
Shorey plans to prove his worth
Whenever they need me I will be there. It is a huge privilege to play for England and that disappointment will just drive me on. "I would like to get back to playing my best football. So far this season, I think I have had some good games, but some poor ones as well. "I know it is possible for players to play to their potential every single game, but you have to make sure you do the fundamentals right and hopefully I can get back to playing the way I know I can. "I want to show people I am one the best left-backs about - that is my aim. "I am concentrating on hard work every day in training and it is important to show that I deserve to be playing for Reading and for England." McClaren will use Friday's friendly against Austria in Vienna as part of the build-up to the visit of Group E leaders Croatia next week.
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