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Actionable Advice from This Year?s Investment Symposium
2010-07-22 21:22:00 Feds spend hundreds of billions on banks, again? Doug Casey on fixing our broken government. The age-old question, answered: When to buy and sell stocks? Two more bull markets raging on in China: IPOs and mining stocks. Plus, a 5 Min. exclusive: ?Trades of the Decade? from an elite list of Symposium speakers.
U.S Federal Government now accepts credit cards
2010-07-10 21:09:00 United States citizens have been making cash and check donations to help payoff the Federal Government’s national debt for a long time. Now it’s possible to donate using credit cards. The U.S. Treasury has made it easy to make payments with a Visa, MasterCard, American Express, and Discover credit cards. Some finance experts continue to ... Related posts:Comparing The Variety Of Credit Cards Sam’s Club to accept MasterCard credit cards Instant Approval Credit Cards
Obama?s Treasury Secretary Said What?!?!?
2009-07-13 09:56:00 With the Administration have already saddled the nation with a near trillion dollar “stimulus” and offering increased government spending as far as the eye can see, Treasury Secretary Timothy Geithner tells a joint House Agriculture and Financial Services hearing, “What the economy is going through is a very necessary and very health adjustment as families ...
By: GayPatriot
Treasury Extended Money Market Funds Guarantee
2009-04-05 17:48:00 Last September, shortly after The Reserve Primary Fund broke the buck, the Treasury Department introduced a plan to provide temporary guarantee to money market mutual funds. The original plan was to use $50 billion from the Exchange Stabilization Fund to guarantee principal in money market mutual funds, which by design has the NAV of $1, ...Original Post on The Sun's Financial Diary Special bonus offers Ohio CollegeAdvantage 529 Plan $25 Bonus Lending Club $25 Sign Up Bonus Treasury Extended Money Market Funds Guarantee
Treasury chief: Need more powers
2009-03-24 20:42:00 Treasury chief: Need more powers WASHINGTON - Treasury Secretary Timothy Geithner asked Congress on Tuesday for broad new powers to regulate nonbank financial companies like troubled insurer American International Group whose collapse could jeopardize the economy. ?AIG highlights broad failures of our financial system,? Geithner told the House Financial Services Committee. ?We must ensure that our country ...
By: TexasFred's
SAY WORD! | THE BAILOUT: WALL ST. COUP D'ÉTAT
2009-03-22 21:42:00 Matt Taibbi has a very interesting take on the economic crisis in the current issue of Rolling Stone magazine entitled ?The Big Takeover where he goes on to say that the global economic crisis isn't about money - it's about power. And how Wall Street insiders are using the bailout to stage a revolution."
Federal Reserve says it will buy Treasury securities and more mortgage-back
2009-03-18 23:24:00 Information received since the Federal Open Market Committee met in January indicates that the economy continues to contract. Job losses, declining equity and housing wealth, and tight credit conditions have weighed on consumer sentiment and spending. Weaker sales prospects and difficulties in obtaining credit have led businesses to cut back on inventories and fixed investment. U.S. exports have slumped as a number of major trading partners have also fallen into recession. Although the near-term economic outlook is weak, the Committee anticipates that policy actions to stabilize financial markets and institutions, together with fiscal and monetary stimulus, will contribute to a gradual resumption of sustainable economic growth.In light of increasing economic slack here and abroad, the Committee expects that inflation will remain subdued. Moreover, the Committee sees some risk that inflation could persist for a time below rates that best foster economic growth and price stabilit...
Federal Reserve says it will buy Treasury securities and more mortgage-back
2009-03-18 23:24:00 Information received since the Federal Open Market Committee met in January indicates that the economy continues to contract. Job losses, declining equity and housing wealth, and tight credit conditions have weighed on consumer sentiment and spending. Weaker sales prospects and difficulties in obtaining credit have led businesses to cut back on inventories and fixed investment. U.S. exports have slumped as a number of major trading partners have also fallen into recession. Although the near-term economic outlook is weak, the Committee anticipates that policy actions to stabilize financial markets and institutions, together with fiscal and monetary stimulus, will contribute to a gradual resumption of sustainable economic growth.In light of increasing economic slack here and abroad, the Committee expects that inflation will remain subdued. Moreover, the Committee sees some risk that inflation could persist for a time below rates that best foster economic growth and price stabilit...
Federal Reserve says it will buy Treasury securities and more mortgage-back
2009-03-18 23:24:00 Information received since the Federal Open Market Committee met in January indicates that the economy continues to contract. Job losses, declining equity and housing wealth, and tight credit conditions have weighed on consumer sentiment and spending. Weaker sales prospects and difficulties in obtaining credit have led businesses to cut back on inventories and fixed investment. U.S. exports have slumped as a number of major trading partners have also fallen into recession. Although the near-term economic outlook is weak, the Committee anticipates that policy actions to stabilize financial markets and institutions, together with fiscal and monetary stimulus, will contribute to a gradual resumption of sustainable economic growth.In light of increasing economic slack here and abroad, the Committee expects that inflation will remain subdued. Moreover, the Committee sees some risk that inflation could persist for a time below rates that best foster economic growth and price stabilit...
Federal Reserve says it will buy Treasury securities and more mortgage-back
2009-03-18 23:24:00 Information received since the Federal Open Market Committee met in January indicates that the economy continues to contract. Job losses, declining equity and housing wealth, and tight credit conditions have weighed on consumer sentiment and spending. Weaker sales prospects and difficulties in obtaining credit have led businesses to cut back on inventories and fixed investment. U.S. exports have slumped as a number of major trading partners have also fallen into recession. Although the near-term economic outlook is weak, the Committee anticipates that policy actions to stabilize financial markets and institutions, together with fiscal and monetary stimulus, will contribute to a gradual resumption of sustainable economic growth.In light of increasing economic slack here and abroad, the Committee expects that inflation will remain subdued. Moreover, the Committee sees some risk that inflation could persist for a time below rates that best foster economic growth and price stabilit...
Federal Reserve says it will buy Treasury securities and more mortgage-back
2009-03-18 23:24:00 Information received since the Federal Open Market Committee met in January indicates that the economy continues to contract. Job losses, declining equity and housing wealth, and tight credit conditions have weighed on consumer sentiment and spending. Weaker sales prospects and difficulties in obtaining credit have led businesses to cut back on inventories and fixed investment. U.S. exports have slumped as a number of major trading partners have also fallen into recession. Although the near-term economic outlook is weak, the Committee anticipates that policy actions to stabilize financial markets and institutions, together with fiscal and monetary stimulus, will contribute to a gradual resumption of sustainable economic growth.In light of increasing economic slack here and abroad, the Committee expects that inflation will remain subdued. Moreover, the Committee sees some risk that inflation could persist for a time below rates that best foster economic growth and price stabilit...
Tax Evading Treasury Secretary Timothy Geithner Gives Fair Warning To Fello
2009-03-04 03:56:00 Now That Secretary Geithner Has Paid His Own $34K In Back Taxes, He Clearly Sees The Error Of His Ways — Vows SWIFT Justice For Those Who Should Even ATTEMPT To Follow In His Tax-Dodging Footsteps… Tax cheats beware — “former” tax cheat, Treasury Secretary Tim Geithner... This is only a comment summary. Visit http://guntotingliberal.com to view the lastest content complete with some of the most outrageous original photoshops in the political blogosphere!
Treasury rolls out revamped bank rescue plan
2009-02-10 18:41:00 $50 billion in federal rescue funds set aside to stem home foreclosures WASHINGTON - The U.S. Treasury Tuesday unveiled a revamped financial rescue plan Tuesday morning to cleanse $500 billion in spoiled assets from banks’ books and support $1 trillion in new lending through an expanded Federal Reserve program. The renamed “Financial Stability Plan,” rolled out ...
By: TexasFred's
Treasury Secretary Geithner ? RESIGN NOW
2009-02-04 13:00:00 With Tom Daschle and Nancy Killefer withdrawing their nominations yesterday because they were too important of Americans to pay their taxes…. the time is NOW for Treasury Secretary Timothy Geithner to step down. The rationale is that “only Geithner” can somehow stop the slide into the Second Great Depression, so he is too invaluable to lose ...
By: GayPatriot
Senate panel approves Geithner for treasury post
2009-01-23 00:20:00 Senate panel approves Geithner for treasury post WASHINGTON (AP) - The Senate Finance Committee has cleared the nomination of Timothy Geithner as treasury secretary despite unhappiness over his mistakes in paying his taxes. The committee approved the nomination on an 18-5 vote, sending it to the full Senate. President Barack Obama is hoping for quick ...
By: TexasFred's
Obama?s choice for Secretary of Treasury Accused of not paying taxes for 3
2009-01-15 02:27:00 [From Dvorak Uncensored] WASHINGTON — Timothy Geithner didn’t pay Social Security and Medicare taxes for several years while he worked for the International Monetary Fund, and he employed an immigrant housekeeper who briefly lacked proper work papers. Those issues, and a series of other tax matters, scuttled a tentatively scheduled confirmation hearing Tuesday for Mr. ...
Treasury nominee says he failed to pay taxes
2009-01-14 04:17:00 Treasury nominee says he failed to pay taxes WASHINGTON (AP) - President-elect Barack Obama’s choice to run the Treasury Department and lead the economic rescue effort disclosed publicly Tuesday that he failed to pay $34,000 in taxes from 2001 to 2004, a last-minute complication in an otherwise smooth path to confirmation. Timothy Geithner paid most of the past-due taxes days before Obama announced his nomination in November, according to materials released by the Senate Finance Committee. He had paid the remainder of the taxes in 2006, after the IRS sent him a bill. The still-unpaid taxes were discovered by Obama’s transition team while investigating Geithner’s background. Senate Finance Committee Chairman Max Baucus said he still hoped Geithner could be confirmed on Inauguration Day. Obama’s staff told senators about Geithner’s tax issues Dec. 5. “These errors were not intentional; they were honest mistakes,” Baucus said after he and othe...
By: TexasFred's
GMAC Loosens Credit Reins After $6 Billion Treasury Loan
2008-12-31 17:23:00 The U.S. Treasury has agreed to lend $6 billion to GMAC LLC (GOM), the financing arm of General Motors Corp. (GM), in the latest government effort to keep the biggest U.S. automaker out of bankruptcy. GMAC immediately announced looser credit lending…
By: Jutia Group
10-Year Treasury Note Yield Reached All-Time Low - Chart of the Day
2008-12-02 06:16:00 Original Post on The Sun's Financial Diary 10-Year Treasury Note Yield Reached All-Time Low - Chart of the Day Today, when U.S. stocks gave up nearly half of the gains from the past five trading days (the Dow lost nearly 680 points, more on the Dow crushes), Treasuries also suffered significant drop in yields. Among them, yield ...
US Treasury Names Charity As Terrorist Supporter
2008-11-12 22:33:00 WASHINGTON (Reuters) ? The U.S. Treasury Department on Wednesday named an Islamic charity as a group aiding Hamas militants in the Middle East and prohibited Americans from dealing with the Union of Good organization.The Union of Good helps funnel money to Islamist fighters in the West Bank and Gaza, the Treasury Department said, adding that the government will seize any funds in the United States controlled by the charity."Terrorist groups such as Hamas continue to exploit charities to radicalize vulnerable communities and cultivate support for their violent activities," Treasury Under Secretary for Terrorism and Financial Intelligence, Stuart Levy, said in a statement.Hamas, which seized Gaza last year after routing the forces of Palestinian President Mahmoud Abbas, is pushing for an independent Palestinian state.Reconciliation talks between Abbas and the political wing of Hamas collapsed last week, with a key dispute over when to hold an election.SOURCE
US Treasury Issues New Dollar Bill
2008-10-02 17:07:00 The United States Treasury has issued a new $1.00 Bill. They are calling it the “Oy Vey”
Federal Reserve Board, Treasury Department, authorizes Federal Reserve Bank
2008-09-17 14:17:00 Federal Reserve Board, with full support of the Treasury Department, authorizes the Federal Reserve Bank of New York to lend up to $85 billion to the American International Group (AIG) Release Date: September 16, 2008 For release at 9:00 p.m. EDT.The Federal Reserve Board on Tuesday, with the full support of the Treasury Department, authorized the Federal Reserve Bank of New York to lend up to $85 billion to the American International Group (AIG) under section 13(3) of the Federal Reserve Act. The secured loan has terms and conditions designed to protect the interests of the U.S. government and taxpayers.The Board determined that, in current circumstances, a disorderly failure of AIG could add to already significant levels of financial market fragility and lead to substantially higher borrowing costs, reduced household wealth, and materially weaker economic performance. The purpose of this liquidity facility is to assist AIG in meeting its obligations as they come due. This loan wil...
Press Briefing by Dana Perino and Secretary of the Treasury Henry Paulson V
2008-09-16 01:13:00 Press Briefing by Dana Perino and Secretary of the Treasury Henry Paulson FULL STREAMING VIDEO James S. Brady Press Briefing Room 1:42 P.M. EDT. PODCAST OF THIS ARTICLEMS. PERINO: Good afternoon. Obviously, one of the biggest stories of the day is what's happening in our financial market. Secretary Paulson has graciously given us some of his time today -- he doesn't have an endless supply of it, so please keep that in mind, and we'll try to let him answer as many questions as he can before he needs to go. And then I'll come back up and finish up the briefing.SECRETARY PAULSON: Good afternoon, everyone. And I hope you all had an enjoyable weekend. (Laughter.)Well, as you know, we're working through a difficult period in our financial markets right now as we work off some of the past excesses. But the American people can remain confident in the soundness and the resilience of our financial system.I commend the SEC and the Fed for their work over the weekend, convening leaders of ...
I saw Treasury Secretary Paulson loading his bailout bazooka; He?s pointing
2008-09-06 22:11:00 On 13 July 2008, Treasury Secretary Hank Paulson promulgated his proposal for increased government power to quell market angst over the solvency, liquidity, and credit of the mortgage securitization giants, Fannie Mae and Freddie Mac. It was the shot heard ’round the world–a self-inflicted shot to the head, that is. Paulson’s plan allowed expanded lending ...
Woodpigeon - Treasury Library Canada
2008-09-06 05:04:00 The increasingly prolific Woodpigeon?s new release is a 14-song collection of bits and bobs that will tide fans over in anticipation of the band?s next studio record (due in the fall), but Treasury Library Canada could certainly pass itself off as the proper follow-up to 2006?s Songbook. Band leader Mark Hamilton?s ability to write consistently ...
States raising taxes to replenish treasury
2008-07-07 17:00:00 With record numbers of home foreclosures, gasoline prices and a downward slide in unemployment, it?s no wonder lawmakers are uneasy over finances. Unfortunately this means that they are shying away from major expansions of public-health insurance programs and free preschool classes.
City in Pink Featured on ETSY Treasury
2008-06-12 14:26:00 I was featured today in an Etsy treasury designed by stitchface, an etsy seller. She chose my "City in Pink" painting. Check out the feature:Etsy Treasury Country meets CityOriginal, Modern, Fine Art By Contemporary Artist, Pamela Miller. Painting and Art includes: Abstract, Cityscape, Seascape, Asian, Fantasy, Animal (ie Fish, Cat, Horse Art), Nudes, ACEOs, SFA and Still Lifes. Mediums Used: Acrylic, Watercolor and Mixed Media
U.S. Treasury Chief Says No Quick Fix for Oil
2008-06-01 16:25:00 Henry Paulson, U.S. Treasury Secretary, reported that there is no quick fix for oil prices as prices are being determined due to supply and demand. It is no secret that the world's demand for oil has drastically increased as countries including China and India are becoming developed industries.
Buying treasury stocks? Not a big help
2008-05-08 08:23:00 Several months ago, a series of listed companies announced a plan to buy their treasury stocks in an attempt to stimulate the demand and restore investors? confidence. However, it seems that the action has not helped much in rescuing the falling stock market. Making announcements to reassure investors Previously,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Treasury Manager (Financing)
2008-05-02 12:36:00 Treasury Manager (Financing) Our Client: An MNC Responsbilities: -To explore new financing resources and to improve the financing operations of the group to ensure the operational needs of the group are met. -To develop firm’s credit management policies and to implement those policies to ensure that the group’s credit facilities are managed effectively and efficiently Requirements: -Degree in Finance or Accounting ...
Treasury Programmer
2008-04-28 18:33:00 Treasury Programmer (Kode : ITG - TRS PRG) (Jakarta Raya - Jakarta Pusat) Requirements: -Information System, minimum S1. -Understand programming language: .NET (VB.NET or C#), Delphi, Java, Foxpro. -Good knowledge Web and Desktop platform. -Understand database programming: SQL Server (Store Procedure, Trigger and SQL Command). -Have joined in project minimum 1 year programming. -Preferably have banking knowledge especially Treasury, Trade and Remittance Application. -Preferably ...
Accountant (Treasury)
2008-04-27 20:49:00 Accountant (Treasury) - Ref: Jasper Toh Responsibilities: -Perform daily and monthly bank reconciliation. -Cashflow planning, forecasting and timely reporting. -Liaise closely with China HQ for fund management. -Negotiate and correspond with banks on trading financing matters, bank charges. -Risk management. -Assist in year-end closing and annual audit & tax preparation. Requirements: -Candidate must possess Degree in Accountancy / ACCA or equivalent. -Minimum of 2 to ...
U.S. Treasury Designates More FARC Leaders as Drug Kingpins
2008-04-22 21:14:00 The U.S. Treasury continued to target the Colombian FARC narco-terrorist group, by designating entities and individual FARC leaders under the Foreign Narcotics Kingpin Designation Act. The action freezes any assets under U.S. jurisdiction and prohibiting U.S. persons from conducting business transactions with the designated persons. From the Treasury press release : "Today's designations focus on a FARC financial network that involves two Colombian money exchange business, Cambios El Trebol and Cambios...(read more)
Treasury Inflation Protected Securities (TIPS)
2008-04-17 14:23:00 Treasury inflation protected securities or TIPS are treasury notes which offer fixed-income protected from inflations. They offer guaranteed payments which are automatically adjusted with the rise and fall in inflation rate estimated by Consumer Price Index or CPI. TIPS are also known as Treasury inflation index securities and Real Return Bond or RRB (in Canada).TIPS are referred as safest of the safest. With TIPS, the face value of securities is recalculated in every six months and the interest amount is adjusted with the rise or fall in face value. Thus the security holder will get inflation-protection both in interest rate and capital. TIPS can be used as a measure of diversifying portfolio, reducing risks and minimizing portfolio volatility with time. They can be purchased directly as individual bonds or through mutual funds.Treasury inflation protected securities are better for long-term income goals. They come handy when inflation rate is expected to increase. But they offer l...
Buy Treasury Securities at $100 Minimum
2008-04-13 16:35:00 Original post on The Sun’s Financial Diary Do you invest in Treasury bills, notes, and bonds? If you do, then there’s a good news. Starting early this week, Treasury Department has lowered the minimum purchase from $1,000 to $100. The change applies to Treasury bills, notes, and bonds with maturity from 4 weeks to 30 years, ...
Treasury Reorganization: Recession Response or Red Herring?
2008-04-12 00:00:00 This article discusses the current reorganization that is occurring in the Treasury department.
By: eArticle Submit
Treasury Secretary: U.S. Economy Has ?Turned Down Sharply?
2008-04-10 21:45:00 Earlier today, U.S. Treasury Secretary Henry Paulson said the U.S. economy has ?turned down sharply.? This follows the comment on April 2 by Fed Chairman Ben Bernanke, who said, ?Recession is possible.? MarketWatch?s Greg Robb wrote: These comments are his most downbeat description of the economy to date. Paulson has avoided saying the ...
Israeli Treasury seeks to cut salaries at universities
2008-04-09 04:21:00 Treasury seeks to cut salaries at universitiesGlobes, Israel- - 6 hours agoThe Histadrut (General ...
By: Israel-Times.com
My letter to the Norwegian Treasury Department
2008-04-04 11:23:00 The text has been translated and changed some, compared to the original letter in Norwegian. My status and reason for writing this letter: I have been hard of hearing all my life, and at the same time I have been working like everybody else at 100% in the IT-industry for as long as I could. Never learned ...
Treasury Reorganization: Recession Response or Red Herring?
2008-04-04 09:39:00 On March 31st, the Treasury Department announced a new plan to help the troubled financial sector weather the sub-prime mortgage storm. This new system replaces some agencies while redrawing the jurisdictions of existing authorities like the Securities and Exchange Commission and the Federal Reserve. In particular, the Fed's role in averting future crises is greatly expanded, a decision that is in keeping with the recent sea change in America's monetary policy. But can the Fed keep up with its new responsibility? The main difficulty in predicting future financial crises is that, as evidenced by Bear Stearns' epic fall, they can come with less warning than one would like. The Federal Reserve, with 24 hours notice, brokered the boiler-room deal that changed the course of the financial market for the first time since the Great Depression. Therefore, they must plot their course through uncharted waters with more weight on their shoulders during an election year. Conventional wisdom ...
Indonesian finance ministry to buy back treasury bonds to calm market
2008-04-04 03:59:00 The Indonesian Ministry of Finance will buy back Friday treasury bonds maturing between 2008 and 2013 to ease selling pressure in the market, an official said."This is an effort to stabilize the market," Rahmat Waluyanto, the ministry's director-general of debt management, told Thomson Financial.Waluyanto would not reveal the amount of bonds the government can afford to buy back.He said bonds maturing between 2008 and 2013 amounted to 210 trillion rupiah ($22.78 billion).Waluyanto said the recent selling in the bond market had coincided with heavy losses in stock markets."I guess the sell-off is temporary, due to panicky reactions. When the market is weak, any negative news could trigger sell-offs," he said.He said investors might have been worried about the state budget. The government has to revise the budget because some of its assumptions are no longer valid.The recent spike in consumer price inflation might also have dented sentiment to some extent, he said.The stock market ha...
The US Treasury Brings Back the $500 Bill
2008-04-01 15:59:00 Treasury Secretary Paulson announced sweeping changes to US currency today including that the US Treasury was prepared to bring back the $500 Bill, and perhaps even the $1000 as a measure to get consumers buying again."Let's be frank," the Secretary said, "the dollar doesn't buy what it used to, and therefore either does the $100. When we last printed the $500 and the $1000, the $100 was worth $867 in today's dollars, and that gap continues to grow. Already we have a currency gap with the rest of the world. The 500 Euro bill has been available since the Euro inception and the 100 British pound note is worth more then $200 US. "We can ill afford American's being treated a second class citizens abroad. We are also prepared to relaunch the $1000 bill at a later date if needed."President Bush was quoted to say, "Secretary Paulson knows currency, he studied it, he understands it, heck he even has some!," the President said with a laugh. "All kidding aside, we will not let our greenba...
US stocks close higher after Treasury reform proposal
2008-04-01 04:48:00 Stocks rose Monday on Wall Street after US Treasury Secretary Henry Paulson proposed that the rate-setting Federal Reserve Board should oversee financial service industries beyond the banking sector currently under the central bank’s purview.
By: Latest News
The Treasury Proposes More Alphabet Agencies
2008-03-31 15:14:00 While the Treasury Department?s proposals for overhauling regulatory oversight of the financial industry have been in preparation almost since the day Secretary Paulson assumed office, their release at this time almost certainly is a reflection of the realities and massive concerns which have arisen resulting from the near-collapse of Bear Stearns. As its guiding principle in ...
By: Jutia Group
Personal Finance QuickTake: To Hell with Homeowner's
2008-03-26 21:30:00 Treasury Secretary Paulson said today the housing prices should be allowed to continue to fall in order to allow markets to stabilize and allow buyers to come back into the market.In other words...That $1.2 Trillion worth of Home Owner equity at stake in the crisis should evaporate. That $1.2T is from a seperate report looking at the write-offs that may happen in regards to loans. It doesn't take into account the lower values of homes that people will hold onto. Regardless $1.2 Trillion equals $4800 for every man women and child in the US, or $24,0000 for my family alone.The problem with that statement is that it does forget families, which is whose skin this is peeled from. Imagine...they believe the sending my family $2100 is going to be a big stimulus to the economy...what do you think asking me to pay back that $24,000 is gonna do to the economy?Unless a stabilization plan is put into place, people en masse are going to walk away from their homes. It is already happening. Then ...
U.S. Department of Treasury: History Overview
2008-03-24 07:07:00 Learn about the history of the Treasury Department, its organizational growth, the development of our functions and stories of the Treasury bureaus.
By: Asiaing.com
UPDATE: The 3-month US treasury bill is now paying 0.37%. This is not a dr
2008-03-22 17:01:00 Some animals are said to be able to sense earthquakes before they happen.It looks like some bond buyers have the same ability. March 20 (Bloomberg) -- U.S. Treasury three-month bill rates dropped to the lowest since at least 1954 as investors seek the safety of government debt amid a loss of confidence in credit markets. Bill rates declined as low as 0.387 percent as finance company CIT Group Inc. drew on $7.3 billion in credit lines after being shut out of short-term debt markets. Institutions worldwide have reported $195 billion in writedowns and losses related to subprime mortgage and collateralized debt obligations since the start of 2007. ``All the evidence out there suggests there's more pain to come,'' said Andrew Milligan, head of global strategy in Edinburgh at Standard Life Investments Ltd., which manages $265 billion in assets. ``Investors are going to say they need safer assets.''
By: Housing PANIC
US Treasury admits US in downturn
2008-03-18 13:15:00 The US Treasury Secretary seems tough times aheadUS Treasury Secretary Hank Paulson has admitted that the US economy is facing a 'sharp decline' at the moment but hoped for a recovery later in the year.
By: Get rich
Listed companies rush to buy treasury stocks
2008-03-17 11:47:00 Many listing companies on both Hanoi Securities Trading Centre (HASTC) and HCM City Stock Exchange (HOSE) have registered to buy big volumes of shares in an attempt to prevent the share items from further decreasing. This is not the first time listing companies have bought treasury stocks, but they have never planned... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
The US Treasury Gives the $5 Bill a Makeover
2008-03-14 18:18:00 The $5 bill just got a makeover! The US Treasury gave Abe a little pick-me-up by adding some purple to the bill. To the naked eye, the most notable difference is color ? splashes of light purple at the center of the bill that blend into gray near the edges. The new note also will feature ...
By: Gone Hollywood
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