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US eases loan repayment terms for homeowners

Hundreds of thousands of American homeowners are to make lower mortgage repayments under a sweeping programme of loan renegotiations brokered by the US government to slow down the rate of property repossessions. Treasury officials yesterday announced a programme restricting repayments to 38% of household income for many borrowers. The arrangement will involve loans packaged by...

11Vote!

US lays out plan to ease mortages

'Sweeping program' would assist homeowners with Fannie, Freddie mortgages.

+Vote!

Fannie, Freddie in move to ease mortgage payments

The US government has announced a sweeping programme to ease payment terms for hundreds of thousands of homeowners struggling to meet mortgage payments held by finance giants Fannie Mae and Freddie Mac.

+Vote!

Deutsche Post ready to cut jobs, costs in US

Logistics and shipping company Deutsche Post AG is set to announce thousands of job cuts at its DHL shipping unit in the United States, part of a sweeping program to save money, a person familiar with the announcement says.

+Vote!

Deutsche Post ready to cut jobs, costs in US

Logistics and shipping company Deutsche Post AG is set to announce thousands of job cuts at its DHL shipping unit in the United States, part of a sweeping program to save money, a person familiar with the announcement says.

+Vote!

Deutsche Post ready to cut jobs, costs in US

BONN, Germany – Logistics and shipping company Deutsche Post AG is set to announce thousands of job cuts at its DHL shipping unit in the United States, part of a sweeping program to save money, a person familiar with the announcement says.

+Vote!

Chase says it will work to prevent foreclosure

Even as political pressure builds in Washington for a sweeping program to help struggling homeowners, some banks are realizing that it may be good business to keep borrowers in their homes.

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Businessman green with envy over e-waste contract

Under Saskatchewan's e-waste program, computers that used to end up in landfills are being taken apart for their component materials. (CBC)A business owner in Regina business wants the province to scrap its exclusive contracts for electronic waste handling.Darcy Moen says he was already in the business of recycling and refurbishing used electronics when the province launched the Saskatchewan...

+Vote!

Crime spike linked to Proposition 36 -Ventural County (CA) Star

Arrests for drug and property crimes have grown in the wake of Proposition 36, a sweeping program California voters approved to send nonviolent drug offenders into treatment instead of jail. Researchers at UCLA, who have been evaluating the program since its beginning in 2001, previously have not found any impact on crime rates. But principal investigator Darren Urada said Friday...

+Vote!

Europeans agree on coordinated plan to inject capital into banks

Leaders from the 15 nations of the European single currency zone Sunday signed off on a sweeping program of actions that each should take to address the impact of the global financial crisis.

1Vote!

A Plan to Combat Global Credit Crisis

Oct.10 - U.S. Treasury Secretary Henry Paulson says the Group of Seven major industrialized countries has endorsed a sweeping program to combat the worst global credit crisis in decades.

+Vote!

Paulson endorses bank stock purchase plan

Related: G7 looks for global solution to the credit crisis It would mark the first time the government has taken equity ownership in banks in this manner since a similar program was employed during the Great Depression.

4Vote!

U.S. Plans Bank Stakes

Paulson announced the administration was moving forward with the program during a news conference at the conclusion of discussions among finance officials of the Group of Seven major industrialized countries. That group endorsed the outlines of a sweeping program to combat the worst global credit crisis in decades.

+Vote!

Welcome to Worker’s Paradise number 3, comrades!

The administration received the authority to make direct purchases of stock in banks in the $700 billion measure Congress passed last week to rescue the nation’s financial system. It would mark the first time the government has taken equity ownership in banks in this manner since a similar program was employed during the Great Depression. Paulson announced [...]

13Vote!

Paulson endorses bank stock purchase plan

Treasury Secretary Henry Paulson said Friday that the Bush administration will move ahead with a plan to buy stock in financial institutions. Paulson said the program to purchase stock in financial institutions will be open to a broad array of institutions....