Mortgage giants decline over renewed bailout fears (The Washington Times) Shares of mortgage finance giants Fannie Mae and Freddie Mac tumbled Monday amid renewed fears that shareholders will wind up with nothing if the government intervenes to bail out the
Bainbridge man gets 2 years for theft, fraud A Bainbridge Township man was sentenced to two years in prison for helping to bilk 26 victims in Cuyahoga and Ashtabula counties of $1.7 million in loans.read more...
Chester County unemployment rate on the decline Chester County's unemployment rate improved last month, dropping from 3.6 percent in July to 3.4 percent in August.read more...
Midwest Mortgage Foreclosures Up Significanty The foreclosure rate in the Midwest is up significantly. This may be a harbinger of things to come as the Midwest has seen anemic property value growth in the last
Contractor pleads guilty to scam A Kenmore man who bilked an 88-year-old Cheektowaga woman out of more than $80,000 in a home improvement scam pleaded guilty Friday to felony grand larceny in State Supreme Court.read
Vioxx Liability Could Force Biotechs To Merge Largest Private Cos. People World's Richest People 100 Top Celebrities 400 Richest Americans Best Paid CEOs Places Best Places Personal Finance Estate Planning Funds Philanthropy Retirement Strategies Taxes ...read more...
– The strong Canadian dollar continued to eat away at Canada’s inflation rate in February as prices rose a modest 1.8 per cent on an annualized basis last month, compared with 2.2 per cent in January.
This was the lowest rate of overall price increases in six months, Statistics Canada said.
The core index which the Bank of Canada uses to gauge underlying inflationary pressures rose slightly for the first time since June, to 1.5 per cent from 1.4 per cent on an annualized basis.
But the new report leaves the Bank of Canada room to keep cutting interest rates in an attempt to boost economic activity without fear of stoking inflation. Read more
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