Home | Contact Us | Weather Report

MontNews.com - News, Issues, Views
 

Look for It

Categories

Apr
22

World Economic Outlook Update

written by

by The International Monetary Fund (IMF)
World growth is projected to fall to ½ percent in 2009, its lowest rate since World War II. Despite wide-ranging policy actions, financial strains remain acute, pulling down the real economy. A sustained economic recovery will not be possible until the financial sector’s functionality is restored and credit markets are [...]

Read More About - World Economic Outlook Update »

Feb
28

The State Of Advertising

written by

If you search for “NASCAR sponsorship problems” at Google, there are over half-a-million results. NASCAR has seen a huge decline in advertisers. So much so, that entire race teams have been laid-off. It’s not just racing that is being hurt in this economic downturn. Most professional sports, such as the [...]

Read More About - The State Of Advertising »

Feb
27

The Ever Shrinking Economy

written by

Washington, DC — The Commerce Department released its report on the 4th Quarter GDP. Though it was expected to be bad, it came in even worse — down 6.2 percent on an annual rate.

Read More About - The Ever Shrinking Economy »

Feb
27

FDIC Changes Charges

written by

In 2007, there were 3 bank failures. In 2008, there were 25 bank failures. So far in 2009, there have been 13 bank failures.
The Federal Deposit Insurance Corporation expects bank failures will cost the insurance fund $65 billion through 2013.
In response, the FDIC is raising fees on banks, as well as, adding emergency [...]

Read More About - FDIC Changes Charges »

Feb
27

Insured Banks and Thrifts Lost $26.2 Billion in the Fourth Quarter

written by

from the FDIC
Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported a net loss of $26.2 billion in the fourth quarter of 2008, a decline of $27.8 billion from the $575 million that the industry earned in the fourth quarter of 2007 and the first quarterly loss since 1990. Rising [...]

Read More About - Insured Banks and Thrifts Lost $26.2 Billion in the Fourth Quarter »

Feb
16

Bank Failures Increase Worldwide

written by

by widgette.com
Bank failures continue to escalate over the face of the globe. Four more US banks were closed by regulators in Nebraska, Florida, Illinois and Oregon.
In the UK, Lloyds is already 43.5% government owned after having to seek assistance last fall. Now, they face $14.2 billion loss. At the same time, they [...]

Read More About - Bank Failures Increase Worldwide »

Feb
16

GlaxoSmithKline Going Opensource? A Good World Citizen?

written by

by WorldCitizen.net
The head of drug giant Glaxo SmithKline, Andrew Witty, announced the company plans a couple major policy changes. One change will be to slash prices of drugs to developing countries by 75%. With the remaining profits from these countries, they would help develop the healthcare infrastructure.
The other major change will be [...]

Read More About - GlaxoSmithKline Going Opensource? A Good World Citizen? »

Feb
11

Another Great Depression?

written by

by widgette.com
Could the current economic crisis lead to another great depression? The Minneapolis Federal Reserve Bank has released a study that suggests the government needs to be careful in order to avoid such a problem. Massive public intervention to maintain employment and investment, if they distort incentives enough, can lead to a [...]

Read More About - Another Great Depression? »

Feb
7

The Whitehouse Says “Compromise”

written by

Compromise
There was bad news and then there was good news.
Yesterday we learned that in January, the country suffered its largest one-month job loss in 34 years.
But last night, the Senate struck a compromise on the economic recovery plan and put us on our way to giving the economy the short-term jolt and long-term investments it [...]

Read More About - The Whitehouse Says “Compromise” »

Feb
5

ACORN Saves Homes While Feds Flounder

written by

Oakland “Miracle” Shows Better Path Than “Hope For Homeowners’” Utter Failure
OAKLAND, Calif. – At 6:00 in the morning on Wednesday, February 4, more than 30 members of ACORN gathered at the home of Eddie and Martha Daniels in West Oakland, armed with prayers, cell phones, and the hope that Wednesday would not be a day [...]

Read More About - ACORN Saves Homes While Feds Flounder »