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Nov 17, 5:39 AM EST - Associated Press
WASHINGTON (AP) -- With the global economy threatening to slip into a prolonged recession, world leaders have come up with a lengthy action plan they hope will bolster badly shaken investors' confidence. The plan was produced at a weekend meeting of ...

Citigroup layoffs trump global economic plan - Newsweek
(NEW YORK) Another round of massive layoffs at Citigroup and more bad financial news Monday led investors to shrug off the lengthy action plan from world leaders designed to address a sagging global economy. Citigroup said it will cut about 53,000 ...

World leaders agree on plan to fight deep recession - Forbes
WASHINGTON (Reuters) - World leaders on Saturday backed a rapid response to the global economic crisis, agreeing on the need for measures to kick-start growth, better financial market regulation and more say for emerging countries. But they did not ...

World Leaders Meet Solve Financial Crisis - WTAG AM 580
WASHINGTON (Reuters) - World leaders on Saturday backed a combination of measures to kick-start growth with better financial market regulation and more say for emerging countries as their response to the global economic crisis. Presidents and prime ...

Leaders agree on recession plan - ONE News
World leaders on Saturday backed a rapid response to the global economic crisis, agreeing on the need for measures to kick-start growth, better financial market regulation and more say for emerging countries. But they did not commit to coordination ...

Former Ecuador leaders deny profit from bond deals - Salon
Nov 21st, 2008 | QUITO, Ecuador -- Former Ecuadorean leaders said Friday that President Rafael Correa was playing politics when he accused them of taking bribes during $3.9 billion in debt renegotiations. Correa said the former officials and two ...

India May Announce Package for Exporters, Nath Says (Update1) - Bloomberg
Nov. 17 (Bloomberg) -- India may announce an assistance package for exporters as a global recession threatens this year's target for overseas sales, Trade Minister Kamal Nath said. Prime Minister Manmohan Singh has called a meeting of exporting ...

Bumpy start to ski season as layoffs hit Colorado resorts - Rocky Mountain News
Blaming a tough economic climate, resort operator Intrawest Corp. announced companywide job cuts that affect managers and other employees at some of its Colorado ski areas. The layoffs come as winter resorts across the state brace for one of their ...

America's Economic Crisis Is Beyond The Reach Of Traditional Solutions - Manufacturing News
By most accounts the U.S. economy is in serious trouble. Robert Reich, an adviser to President-elect Obama, calls it a "mini-depression," but that designation might be optimistic. Russian economist Mikhail Khazin says that the "U.S. will soon face a ...

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Today's Mortgage Terms starting with V

  • VA Loans: Fixed-rate loans guaranteed by the U.S. Department of Veterans Affairs for the purpose of making housing affordable to eligible U.S. veterans.
  • Variable Rate: Interest rate that changes periodically in relation to a specific index such as treasury bills and the prime rate.

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