World News Center
GM CEO says U.S. will make money on bailout (Reuters)
March 11, 2010Reuters - General Motors Co will pay back roughly $8 billion in debt to the United States and Canada before June and could go public in a way that would allow taxpayers to make a profit on the bailout, Chief Executive Ed Whitacre said on Wednesday.
Real Estate's Link to the Small Business Credit Crunch (BusinessWeek)
March 11, 2010BusinessWeek - It's no secret that small businesses in the U.S. face difficulties accessing credit. According to a survey of a random sample of 751 small businesses conducted by Gallup at the end of 2009 for the National Federation of Independent Business Research Foundation, 44% of small businesses seeking credit in 2009 received only some or none of the money they sought. This level of credit access compares poorly with mid-2000, when nine of every 10 companies seeking credit received it. While there is broad agreement that a small business credit problem exists, there is less consensus about its causes. ...
Foreclosure rates up by smallest amount in 4 years (AP)
March 11, 2010
AP - The foreclosure crisis isn't over, but the pace of growth may finally be slowing down.
2-second video causes headache for ABC News (AP)
March 11, 2010
AP - For the want of a better two-second picture of a tachometer, ABC News has called into question its reporting on acceleration problems with Toyota vehicles.
Watchdog: GMAC bailout could cost taxpayers $6.3B (AP)
March 11, 2010
AP - The Treasury Department sank billions into auto finance giant GMAC Inc. without an exit strategy or proof the company was viable — a decision that could cost taxpayers $6.3 billion, a new watchdog report says.
Spike in Prius complaints may not be all it seems (AP)
March 11, 2010
AP - Reports of sudden acceleration in the Toyota Prius have spiked across the country. But that doesn't mean there's an epidemic of bad gas pedals in the popular hybrid.
Senate passes $149 billion for jobless aid (Reuters)
March 11, 2010Reuters - The Senate on Wednesday passed a $149 billion package of jobless aid and tax breaks, as Democrats continued efforts to lower the 9.7 percent unemployment rate before congressional elections in November.
China inflation accelerates in February (AP)
March 11, 2010
AP - China's inflation spiked higher in February, adding to pressure on Beijing to prevent overheating and keep the recovery in the world's third-largest economy on track.
SEC chief economist leaving (AP)
March 11, 2010AP - The chief economist of the Securities and Exchange Commission, who is an expert on the financial instruments that figured largely in the 2008 crisis, is leaving his position for the private sector.
Credit card users: Not so responsible after all? (AP)
March 11, 2010AP - With unemployment high and personal wealth diminished, how was it that strapped consumers were paying down their credit card debt last year? It turns out they probably weren't.
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