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Business : NPR@import "/templates/css/mainstyles.css";@import "/templates/css/insettwocol.css";@import "/templates/css/bucket_facelift.css";@import "/templates/css/print.css"; //   Hourly News Summary 24-hour Program Stream | Schedule // Media'New Yorker' Editor Defends Obama CoverAt Tribune, Two Top Newspaper Execs Step DownYour Money'Is My Money Safe In A Bank?'Getting Mortgages Is More Difficult EconomyCan The Fed Help Control Inflation? July 19, 2008 · Scott Simon talks to Alan Binder, former vice chair of the Federal Reserve's Board of Governors, about whether the Fed can bring inflation under control in the face of spiraling energy and food prices. Getting Mortgages Is More DifficultJuly 18, 2008 · In today's economic climate, many Americans are finding it more difficult to obtain mortgages. Ken Wade, CEO of NeighborWorks America, points to fewer low down-payment mortgage programs and piggyback loans, as well as higher credit score requirements. Your MoneyWhere's Gas Cheaper? It's Relative July 18, 2008 · Gasoline prices can vary widely from place to place. What seems expensive in Tucson, Ariz., can seem downright cheap just up the road in Phoenix. In fact, the difference in the two cities provides a good example of how geography often affects what you pay at the pump. PoliticsSen. Shelby: Oversight Key In Fannie-Freddie PlanJuly 18, 2008 · The Bush administration is pressing Congress to sign off on a rescue plan for the mortgage finance companies Fannie Mae and Freddie Mac. Some lawmakers are critical of the effort. Republican Sen. Richard Shelby, the ranking member of the Senate Banking Committee, says the situation is "a financial powder keg, and we do not want to light the fuse." Political Power Let Fannie, Freddie Skimp On CapitalJuly 18, 2008 · New attention is being focused on mortgage giants Fannie Mae and Freddie Mac as the Bush administration presses Congress to act on a rescue package for the two institutions. Economic officials say Fannie Mae and Freddie Mac used to have plenty of capital reserves. But to stay afloat during a housing crisis, they need to raise more cash. Senate Study: Tax Shelters Cost U.S. $100 B YearlyJuly 18, 2008 · Senate officials say some foreign banks routinely use dummy corporations, shell companies and trusts to help U.S. residents avoid taxes. A subcommittee report says the overseas tax shelters cost the United States about $100 billion a year. Short Selling: Profiting From Others' Misery?July 18, 2008 · Financial concerns at Fannie Mae and Freddie Mac have dominated the news and introduced more specialized business jargon into the mainstream society. One of those terms is "short selling." AnalysisSenator's Warning May Have Doomed IndyMac July 17, 2008 · Sen. Chuck Schumer's warning about a withdrawal of deposits from IndyMac may have led to the run on the California bank that brought about its failure last week, banking analysts say.Web Extra: IndyMac: Path To Failure IndyMac Collapse Fuels Fears About WaMuJuly 17, 2008 · Following IndyMac's collapse, questions have been raised about Washington Mutual, one of the largest savings and loans. This week, WaMu issued a statement to show it was financially sound. But the company's own projections estimate losses of up to $19 billion. NationNebraska Farm Sector On Top, For NowJuly 17, 2008 · The rising cost of food and fuel is pinching most Americans' wallets. But this is not the case for farmers in southeast Nebraska, where demand for food and corn-based ethanol have doubled some incomes. Campgrounds See Surge As Vacationers Cut CostsJuly 17, 2008 · Campgrounds are a vacation destination that appears to be benefiting, rather than feeling the pinch, from high gas prices. Campground owners nationwide say business is up over last summer. Doldrums Lift For Financial StocksJuly 17, 2008 · Financial stocks have taken a beating in recent weeks, but they had one of their best days ever Wednesday. Shares of Fannie Mae and Freddie Mac rose 30 percent or more. Stocks also benefited from a drop in oil prices, which have been especially volatile lately. EconomyWhy A Housing Fix Would Help Boost The EconomyJuly 17, 2008 · Federal Reserve Chairman Ben Bernanke this week said getting the housing problem sorted out is the key to turning around the economy. But many buyers are waiting until the housing market bottoms out before stepping in. Millions of homes are unsold, and that glut is pushing prices lower. More Business » Archives Transcripts Stations Shop About Contact Us Help Copyright year = new Date(); document.write(year.getFullYear()); NPR Terms of Use Permissions Privacy Policy storyId=1006; From The Associated Press BusinessDream of gas tax holiday falters over job losses'Dark Knight' sets box office record with $66.4MTomato growers: Salmonella scare damages industryLast updated: 12:15 am ETMore » |
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