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Thursday, November 20th, 2008The U.S. auto industry weathered the Great Depression. But there are some fears that its current crisis could cause another one.
Banks borrow less from Fed
Thursday, November 20th, 2008Read full story for latest details.
Congress extends jobless benefits
Thursday, November 20th, 2008Read full story for latest details.
Auto bailout: Not now, maybe later
Thursday, November 20th, 2008With the prospects of an auto bailout this week all but dead, Democratic leaders said Thursday that Congress would return in December to consider extending a $25 billion lifeline for troubled U.S. automakers if the companies devise a “viable” recovery plan.
This crisis could have a happy ending
Thursday, November 20th, 2008I was thinking about the financial mess the other day and I came up with this theory. I’m wary of it because it’s comforting, even uplifting, and by definition any economic supposition that has a happy ending is suspect. So with that caveat here goes: