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+1
Under Rated

FBI: Call or write if Stanford has your money (AP)

ECONOMY Mon Mar 9, 2009 @ 6:02pm neoform
biz.yahoo.com -- DES MOINES, Iowa (AP) -- If you had money invested with Texas billionaire R. Allen Stanford's company, Stanford Financial Group, or any of its affiliates in recent years, the FBI wants to talk to you. In a statement released Monday, the agency said inves.. Read More
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Under Rated

Meltdown 101: Central banks boost supply of money (AP)

ECONOMY Mon Mar 9, 2009 @ 6:01pm neoform
biz.yahoo.com -- LONDON (AP) -- Every corner of the planet is reeling from the financial crisis, and central banks have responded aggressively by slashing borrowing costs. But the traditional weapon of making it cheaper to borrow doesn't seem to be enough: Interest rates.. Read More
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Under Rated

Governor unveils plan for Montana stimulus money (AP)

ECONOMY Fri Mar 6, 2009 @ 6:02pm neoform
biz.yahoo.com -- HELENA, Mont. (AP) -- Gov. Brian Schweitzer says some of the federal stimulus money coming to Montana should go to help the flagging wood products industry and toward freezing college tuition. And Schweitzer says he expects state lawmakers to finalize bu.. Read More
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Under Rated

New Hampshire governor recommends $120M to towns (AP)

ECONOMY Fri Mar 6, 2009 @ 3:02pm neoform
biz.yahoo.com -- CONCORD, N.H (AP) -- New Hampshire Gov. John Lynch is recommending giving $120 million in federal stimulus money to communities to offset cuts in local aid. Lynch will take the money from $201 million in stimulus funding allocated to states for education.. Read More
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Under Rated

Mich.'s top GOP lawmaker seeks stimulus committee (AP)

ECONOMY Fri Mar 6, 2009 @ 12:02pm neoform
biz.yahoo.com -- LANSING, Mich. (AP) -- The top Republican in the Michigan Legislature said he wants to set up a special appropriations committee to help determine how the state spends its share of federal stimulus money. Senate Majority Leader Mike Bishop of Rochester s.. Read More
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Under Rated

Stimulus money will aid schools, Pa. governor says (AP)

ECONOMY Tue Mar 3, 2009 @ 6:02pm neoform
biz.yahoo.com -- HARRISBURG, Pa. (AP) -- Federal stimulus money will help ease the pain of difficult budget decisions ahead for Pennsylvania's public school districts and four state-related universities, Gov. Ed Rendell said Tuesday. The influx of federal money will allo.. Read More
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Under Rated

Obama budget anticipates new $750B bank rescue (AP)

ECONOMY Thu Feb 26, 2009 @ 12:00pm neoform
biz.yahoo.com -- WASHINGTON (AP) -- President Barack Obama is anticipating a new $750 billion bank bailout this year, more than doubling the direct infusion of taxpayer money into the reeling financial sector. The White House's 2010 budget released Thursday includes a $2.. Read More
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Under Rated

House approves earmarks tied to FBI raids (AP)

ECONOMY Wed Feb 25, 2009 @ 6:02pm neoform
biz.yahoo.com -- WASHINGTON (AP) -- The House decided Wednesday to spend $8.8 million on projects sought by 11 businesses and educational institutions represented by a lobbying firm the FBI raided three months ago. The money was in a $410 billion spending bill that cover.. Read More
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Under Rated

Texas lawmakers push casino legislation (AP)

ECONOMY Wed Feb 25, 2009 @ 9:01am neoform
biz.yahoo.com -- AUSTIN, Texas (AP) -- Some Texas lawmakers are trying again to establish Las Vegas-style casinos in Texas, and they say now is the time to do it because the state needs the money. Sens. Rodney Ellis, a Houston Democrat, and John Carona, a Dallas Republic.. Read More
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Under Rated

A look at economic developments around the world (AP)

ECONOMY Tue Feb 24, 2009 @ 3:02pm neoform
biz.yahoo.com -- A look at economic developments and stock market activity around the world Tuesday: LONDON -- Britain is poised for a step into the unknown as the Bank of England prepares to boost the amount of money in the economy to fight recession, a member of the Ba.. Read More
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Under Rated

Missouri governor creates stimulus idea Web site (AP)

ECONOMY Mon Feb 23, 2009 @ 3:01pm neoform
biz.yahoo.com -- JEFFERSON CITY, Mo. (AP) -- Gov. Jay Nixon wants your ideas about how to use Missouri's portion of the federal economic stimulus money. Nixon launched transform.mo.gov on Monday to solicit ideas from residents, local governments, businesses and non-profi.. Read More
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Under Rated

Gov't expands national program to buy foreclosures (AP)

ECONOMY Sat Feb 21, 2009 @ 12:00pm neoform
biz.yahoo.com -- IRMO, S.C. (AP) -- The federal government is spending $4 billion to buy and fix up foreclosed homes despite concerns over how the money is being distributed, questions about oversight and fears that the program amounts to a windfall for banks that reposse.. Read More
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Under Rated

Fla. Gov. Crist releases $66.5 billion budget plan (AP)

ECONOMY Fri Feb 20, 2009 @ 6:01pm neoform
biz.yahoo.com -- TALLAHASSEE, Fla. (AP) -- Gov. Charlie Crist relied on an expected infusion of federal stimulus money Friday to propose a $66.5 billion budget that's about $1 billion more than Florida currently is spending -- although state revenues remain depressed. Wi.. Read More
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Under Rated

La. banks have second thoughts about federal funds (AP)

ECONOMY Fri Feb 20, 2009 @ 6:01pm neoform
biz.yahoo.com -- NEW ORLEANS (AP) -- Some Louisiana banking companies that took money from the U.S. Treasury are having second thoughts about the resulting strings, including limits on executive cash bonuses and incentives. The head of Lafayette-based MidSouth Bancorp In.. Read More
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Under Rated

Leading indicators rise more than expected in Jan. (AP)

ECONOMY Thu Feb 19, 2009 @ 12:02pm neoform
biz.yahoo.com -- NEW YORK (AP) -- A private sector measure of U.S. economic activity jumped unexpectedly in January for a second straight monthly increase, due mainly to federal efforts to expand the money supply. The New York-based Conference Board said Thursday that it.. Read More
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Under Rated

BoE seeks more authority to create money (AP)

ECONOMY Wed Feb 18, 2009 @ 12:02pm neoform
biz.yahoo.com -- LONDON (AP) -- The Bank of England revealed Wednesday that it has sought approval from the government to create new money in a bid to kick start the economy as historically low interest rates leave the bank with limited scope for further rate cuts. The m.. Read More
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Under Rated

Lure of stimulus funds propels Vt. into work mode (AP)

ECONOMY Tue Feb 17, 2009 @ 6:03pm neoform
biz.yahoo.com -- MONTPELIER, Vt. (AP) -- For the last few months, engineers across Vermont have been peering into culverts, poking at bridges and testing pavement to determine the best use for the much-anticipated federal stimulus money intended to jump-start the nation's.. Read More
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Under Rated

Billions for weatherization in stimulus questioned (AP)

ECONOMY Sat Feb 14, 2009 @ 12:00pm neoform
biz.yahoo.com -- WASHINGTON (AP) -- Critics of the $790 billion economic stimulus program are not really balking over caulking: They just don't think pouring substantially more money into home weatherization will give a quick kick to the reeling economy. There's billions.. Read More
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Under Rated

Feds allege $5.5 million Ponzi scheme in Minnesota (AP)

ECONOMY Thu Feb 5, 2009 @ 6:01pm neoform
biz.yahoo.com -- MINNEAPOLIS (AP) -- A Rosemount, Minn., man who took money from clients to invest in stock and crude oil futures was instead running a Ponzi scheme that bilked his victims of $5.5 million, the federal government alleged Thursday. Charles "Chuck" E. Hays.. Read More
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Under Rated

Calif. initiative campaigns cost $227M last year (AP)

ECONOMY Wed Feb 4, 2009 @ 12:02pm neoform
biz.yahoo.com -- SACRAMENTO (AP) -- The rest of California's economy was slumping, but the state remained a treasure-trove last fall for campaign consultants and others who make money off political races. Led by the heated fight over gay marriage, campaigns spent $227.2.. Read More
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