Monthly Archives: September 2008

It has long seemed that California’s home building industry could hardly scale back its 2008 expectations farther. But it did just that today. After builders again lowered their construction starts in August, the Construction Industry Research Board downsized estimated home … Continue reading →

MIAMI (AP) — Al Ray is so strapped for cash, the only time he eats out is on Wednesday or Sunday, when the local McDonald’s sells hamburgers for 49 cents. Ray lost his engineering job last November, and has been … Continue reading →

Is It Really a “Wall Street Bailout?” By Brian Sullivan The popular buzz phrase in the media – particularly the non-financial media – about the $700-plus billion dollar rescue plan is “Wall Street bailout.” Certainly the plan, which will most … Continue reading →

By Dean Calbreath UNION-TRIBUNE STAFF WRITER  September 21, 2008  As Congress considers a plan for the government to take over hundreds of billions of dollars of bad debt from Wall Street, many economists say it is only treating the symptoms, … Continue reading →

Home Sales, Durables Orders Probably Fell: U.S. Economy Preview By Bob Willis Sept. 21 (Bloomberg) — U.S. home sales and orders for long-lasting goods probably fell in August, indicating growth had already slowed heading into the latest financial meltdown, economists … Continue reading →