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U.S. consumer borrowing falls by $7.94B in November
WASHINGTON - Consumers cut back on their borrowing by a record amount in dollar terms in November, another sign of trouble for the rapidly weakening economy.
Activities:2008 U.S. Recession Source:(AP)
2009-01-08
Goldman suspends GM rating, Chrysler urges aid
DETROIT - Goldman Sachs suspended its rating on General Motors Corp on Thursday and said the automaker needs at least $22 billion in federal aid, while Chrysler said it would be "very difficult to survive" without government support.
Nations:U.S. People:Barack Obama Activities:2008 U.S. Automaker Crisis
2008-11-13
Is the era of easy credit over for the long haul?
An inflatable gorilla beckoned from the roof of Don Brown Chevrolet in St. Louis, servers doled out free bowls of pasta and a salesman urged potential customers to "come on up under the canopy and put your hands on" a new set of wheels.
Nations:U.S. Afghanistan Activities:Global Financial Crisis
2008-10-12
Consumer borrowing slows to weakest in 7 months
WASHINGTON - Borrowing by consumers slipped in July to the weakest pace in seven months, reflecting a big slowdown in demand for car loans.
Activities:2008 U.S. Automaker Crisis Source:(AP)
2008-09-08
Analysis: Good economic news something of a mirage
The unemployment rate drops. Productivity grows. The trade deficit shrinks. Sounds great, right? Not so fast.
People:Ben Bernanke Activities:2008 U.S. Recession
2008-05-11
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