Types Of Bankruptcy

ONLY 10 days of the Westminster election campaign to go and Gordon...  ONLY 10 days of the Westminster election campaign to go and Gordon Brown looks to have pulled off a masterstroke: putting the economy at the centre stage of the Labour


Fed expected to boost interest rates again (Reg Req'd)  The long march north for interest rates will almost certainly continue Tuesday. The Federal Reserve, which has lifted short-term rates 11 times since the middle of the last year, is


IndyMac Posts Loss on Mortgage Troubles (NYTimes.com via Yahoo! Finance)   In addition to posting a $184 million loss for the first quarter of 2008, the mortgage lender warned Monday it would not post a profitable quarter this year.read more...


Troubled mortgage firm turns hundreds of furloughs into layoffs  A troubled Middletown-based mortgage lender has informed hundreds of its employees, including about 200 in Connecticut, that they will be laid off permanently.Commentread more...


Company hands over dreams - Paulson's uses restoration to give customers what they want  Dotting the streets of Howell are homes that Paulson's Construction has brought back to life.read more...


No home for the holidays  A woman who has scrambled to make ends meet since U.S. immigration authorities deported her husband may not have a home for the holidays either.read more...

October 31st, 2007

Fed cuts rates by quarter point

“Recent increases in energy and commodity prices, among other factors, may put renewed upward pressure on inflation”

The Federal Reserve cut interest rates on Wednesday, but said the risk of inflation was roughly equal to downside risks to growth, suggesting further rate reductions are far from a sure bet. via Environmental News Network



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