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In-house study explores university's effect on local economy
Published December 5, 2008, 1:35 am, The Florence Times-Daily
FLORENCE - The University of North Alabama - with its 7,000-plus students, faculty and staff payroll and expenditures - has an annual economic impact of about $161 million in the Shoals, based on an in-house study conducted by a team of professors.The study took into account direct and indirect spending generated by the university.
Bernanke: more action needed to cut foreclosures
Published December 5, 2008, 1:33 am, Washington Post
WASHINGTON -- Federal Reserve Chairman Ben Bernanke called on the government Thursday to ramp up efforts to stem soaring home foreclosures, which are feeding into the country's deep economic troubles.
Police nab suspect after chase and crash
Published December 5, 2008, 1:33 am, Worcester Telegram & Gazette
FITCHBURG - A police officer was injured this afternoon during a chase that ended with the arrest of a Templeton man suspected of robbing a bank last year.
Potomac Confidential
Published December 5, 2008, 1:29 am, Washington Post
Metro columnist Marc Fisher looks at the District's decision to open bars till 5 a.m. during Inauguration Week, the sad state of car sales in the area and the federal government's green light for extending Metro to Dulles.
Capital One acquires bank
Published December 5, 2008, 1:26 am, Orlando Sentinel
Capital One Financial Corp. said Thursday it will acquire Chevy Chase Bank for $520 million in cash and stock, as it continues to bolster its deposit base to help fund operations amid the ongoing credit crisis.
Bank of America’s Merrill Takeover May Be Lewis’s Toughest Deal
Published December 5, 2008, 1:16 am, Bloomberg
Dec. 5 (Bloomberg) -- Bank of America Corp. Chief Executive Officer Kenneth Lewis ’s takeover of Merrill Lynch & Co. , the capstone of more than $100 billion in acquisitions he’s made since 2001, may prove the hardest to digest.
Banks urged to pass on rate cut
Published December 5, 2008, 1:12 am, Evening Standard
Prime Minister Gordon Brown said that he would be speaking to banks to press them to pass on the latest interest rate cut to borrowers. He told GMTV: "I think banks should really pass on the interest rate cut. We are talking to the banks.
Bernanke: More needed to halt crisis
Published December 5, 2008, 1:12 am, Belleville News-Democrat
Federal Reserve Chairman Ben Bernanke pleaded Thursday for more government action to relieve the foreclosure crisis and break a vicious cycle in which the housing meltdown is plunging the country deeper into recession.
China tells U.S.A. to get economy in order
Published December 5, 2008, 1:11 am, MSN Money Canada
BEIJING - China is urging Washington to rein in debt-fuelled spending and stabilize its economy in high-level talks on commercial relations, reflecting Beijing's growing economic assertiveness.
Brown to speak to banks over interest rate cut
Published December 5, 2008, 1:06 am, icWales
Prime Minister Gordon Brown said today that he would be speaking to banks to press them to pass on the latest interest rate cut to borrowers.
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