on March 20, 2009 at 12:16 am

The Treasury Department announced a program today to helps America's auto sector. Its attempt to stabilize the imperiled auto industry will now involve $5 billion in payments to suppliers for products shipped to the auto companies. The $5 billion comes from the Troubled Asset Relief Program (TARP), a fund that was set up to save the economy by bailing out banks and other financial institutions.

 

Continued...
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on March 20, 2009 at 12:19 am

After the $165 million in bonuses paid to traders at American International Group (AIG), the House approved a bill that would impose a 90% tax on bonuses paid by AIG.

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on March 22, 2009 at 10:34 pm

A very brief introduction of the major players in the U.S government that will be involved in the economic recovery.

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on March 28, 2009 at 9:48 pm

 

MILLIONAIRE'S TAX A goal to raise $4 billion a year by increasing income tax on New York's highest earners

 

PERFECT TIME TO SHOP... IF YOU HAVE THE MONEY Companies are trying to lower their prices, giving discounts to broadway shoes and price markdowns on clothes, in order to win Stimulus Projects

 

ENERGY AND CLIMATE ARE NOT IGNORED! A series of meetings addressing energy and climate issues will take place among representatives from 16 countries as well as the European Union.


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What exactly is a CDS? How does it work? Why are they dragging us deeper into an economic recession?

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on April 8, 2009 at 2:30 pm

Today, the Treasury Department opened a $5 billion financing support program to help auto suppliers keep parts flowing to GM and Chrysler. The money is supposed to finance the auto parts that have been shipped to the carmakers. These auto parts have been made but have not been paid for yet.


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on April 10, 2009 at 11:42 pm

An update on this week's improvement in the stock market and what President Obama's feelings toward it are. Plus, how big is our federal budget deficit?

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on April 11, 2009 at 12:56 pm

LESS MONEY FOR SOCIAL WELFARE PROGRAMS Child welfare, therapy expeneses, home and community services for the elderly, preventive programs for child abuse, and other social welfare programs are all victims of the budget cuts.

 

UPDATE ON TED STEVENS Former Senator Ted Stevens gets dismissal but a new side of him was uncovered during the five-week trial.

 

NEW DEAN OF FINANCIAL AID David Barkowitz, previously serving as director of student financial aid and employment for the Massachusetts Institute of Technology, brings experience to the new position.


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on April 15, 2009 at 2:32 pm

RECORD BREAKING FALLING PRICES Since 1955, never have consumer prices fallen lower than they were a year ago. Does this mean deflation?

 

EXTREME ANGER FROM AFGHAN WOMEN Afghan women are very unhappy with the new law that strongly restricts women and permits marital rape. They have been protesting to the Parliament.

 

FIGHT FOR EDUCATION IN NYC Who controls the public education system of New York City? Why are they planning to close P.S 241 and P.S 194 in Harlem and P.S 150 in Brooklyn? Who gets to decide?

 


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on April 22, 2009 at 5:13 pm

 

PRESIDENT OBAMA'S CONTRIBUTION TO EARTH DAY President Obama pushes for a new legislation, including a carbon cap-and-trade system to decrease greenhouse gas emissions, as he visited Trinity Structural Towers, a wind energy plant, in Newton, Iowa, on Earth Day.

 

TOO MUCH STRESS Chief Executive Officer of Freddie Mac hangs himself in Northern Virginia home.

 

ANOTHER NEW DEAN Feniosky Peña-Mora, associate provost of the University of Illinois, has been appointed to serve as the next dean of the School of Engineering and Applied Sciences

 


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