Tuesday, December 04, 2007

More economic issues

National Debt Grows $1 Million a Minute : Like a ticking time bomb, the national debt is an explosion waiting to happen. It's expanding by about $1.4 billion a day -- or nearly $1 million a minute.

Recession Hits U.S. Profits; Economy Might Be Next : U.S. corporate profits are in a recession, and the entire economy may not be far behind.

Paulson Crafts Subprime Deal to Prevent Second Bush Recession : U.S. Treasury Secretary Henry Paulson, struggling to prevent a second recession in the presidency of George W. Bush, will today discuss plans to keep troubled subprime borrowers from losing their homes.

Moody's May Cut Ratings on $105 Billion of SIVs: Moody's Investors Service is preparing the biggest credit rating cuts since subprime mortgages contaminated the bond market, foreshadowing losses for investments that pay Florida teachers and money market funds.

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