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- Call it a recession, already - CNN Money
NEW YORK (CNNMoney.com) -- Nearly 1.2 million jobs have been lost this year. The unemployment rate is at its highest level since 1994. Retail sales were dismal last month and for automakers, October was the worst month in more than a quarter-century ...
money.cnn.com
- States' Use Of Tobacco Money Varies Widely (NPR)
Some states, like Washington, have funded anti-smoking campaigns, significantly lowering smoking rates in the past 10 years. But overall, states have spent only 5 percent of the $246 billion settlement on tobacco prevention programs.
www.npr.org
- Asian Stocks Gain, Led by Financials, as Credit Concerns Ease - Bloomberg
Voice of America Asian Stocks Gain, Led by Financials, as Credit Concerns Ease Bloomberg - 4 hours ago The rate Australia's banks charge each other for three- month loans fell 19 basis points, or 0.19 percentage point, to 5.62 percent in Sydney. ... International Merkets Business Day Wall Street Rises After Report on Economy New York Times TOPWRAP 7-Global stocks bounce, Iceland hikes rates massively guardian.co.uk The Associated Press - Economic Times all 679 news articles
www.bloomberg.com
- Landsbanki Debt Settles at 1 Cent on the Dollar (Portfolio.com via Yahoo! Finance)
What happens to unsecured bondholders when a financial institution goes bust? A good place to start is to look at the settlement price in CDS auctions. Fannie and Freddie settled in the high 90s: yes, there was a credit event, but from a bondholder perspective there were few if any losses.
biz.yahoo.com
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