The Detroit Free Press encouraged leaders in Washington to provide federal funding for the auto industry’s requested bailout of $34 billion. The front-page editorial (see picture) said it sent the paper to every member of Congress.
Speaker of the House Nancy Pelosi said in a statement the loss of 533,000 jobs in November prompts the need for short-term funding for the auto industry, The New York Times reported. The lost jobs have been one of the greatest since 1974, The Guardian found. Ironically, Pelosi said the funds will most likely come from federal loans set aside to fund fuel-efficiency measures in the industry.
The effects of the credit crisis and rising costs are now surfacing in more than just the banking industry. They’ve hit, are hitting and will hit colleges.
Friday morning, my brother and I spent a good 45 minutes in line around 9:30 a.m. at Kohl’s. We grabbed one of three fondue sets still remaining. The doorbuster, marked $30 down to $20 with a $10 rebate, was definitely worth the wait, and we were lucky we managed to snatch one — the store opened at 4 a.m. for Black Friday.
Nov. 25 podcast: Bankruptcy’s stigma and its potential effects on Nov. 28 sales.
The housing crisis has kept thousands of older Americans who need support and care from moving into retirement communities or assisted-living centers, effectively stranding them in their own homes. Read more on The New York Times. Lynette C. Continue reading
Many companies suspended matches during the last recession, and some experts think it’s likely to happen again. See more at CNNMoney.com. Lynette C. Continue reading