Posts Tagged ‘bailout’

Anyone who wants to understand the enduring nature of Occupy Wall Street and similar protests across the country need only look at the first official data on 2010 paychecks, which the U.S. government posted on the Internet on Wednesday. The figures from payroll taxes reported to the Social Security Administration on jobs and pay are, in [...]

Student loans can weigh on a person for years, and that’s got some people hoping for a personal bailout. By Sunday afternoon, more than 270,000 people have signed an online petition sponsored by MoveOn.org, urging Congress to forgive student loan debt.

Is a college education worth it?  In the free market of ideas, maybe. In a labor market that can’t be sustained by wage growth or job creation, probably not. Another bubble may be bursting. The college degree payback may be long and may not materialize for decades. A six-figure education may not be a guarantee [...]

Oil-rich Abu Dhabi pumped $10 billion into its indebted neighbor Monday, sending stocks soaring while sparing Dubai and the rest of the Emirates federation the humiliation of an imminent default by one of the struggling Arab boomtown’s star companies. The bailout was about more than petrodollar transfers from one United Arab Emirates sheikdom to the [...]

U.S. corporate debt default rates are expected to hit “unprecedented” levels in 2009, even though the economy may be past the halfway mark of the U.S. recession, according to a forecast unveiled on Monday at the Reuters Restructuring Summit.

A pledge from Group of 20 leaders to bring the global economy back into balance is not seen as good for the dollar in the long run, underscoring its anemic performance in recent weeks.

According to the watchdog overseeing the federal government’s financial bailout program, the full exposure since 2007 amounts to a whopping $23.7 trillion dollars, or $80,000 for every American citizen.

NEW YORK – Bank of America Corp and Citigroup Inc raised huge red flags on Friday with quarterly results that suggested the U.S. consumer remains sorely injured as the global recession drags on. Both Bank of America, the largest U.S. bank, and Citigroup, No. 3, reported big increases in delinquencies among credit card customers and [...]

WASHINGTON – The Obama administration is considering a plan to help small businesses through the economic downturn by diverting some of the billions of dollars approved by Congress for bank bailouts, but the idea is at a very preliminary discussion stage, officials said on Friday. The proposal to shift part of the $700 billion bank [...]

NEW YORK- Goldman Sachs Group Inc said quarterly earnings surged 33 percent on blowout trading results, trouncing expectations and putting the bank on pace for outsized bonuses that could draw more unwanted public scrutiny.