(NEW YORK) A major credit rating agency cut the preferred share rating on Fannie Mae and Freddie Mac amid mounting concern about the ability of the two largest United States home funding providers to access capital, in the latest blow before a widely expected government bailout.
Sunday, August 24, 2008
Tuesday, August 12, 2008
Recession? It's time to drink, smoke and be merry
(LONDON) As a global recession looms, what better way to cope than to eat, drink and be merry? Even as consumers face soaring energy costs, rising food prices and higher mortgages or rent, it seems clear they're not prepared to forgo many of life's little treats - alcohol, cigarette and candy makers are all reporting healthy sales amid the gloom.
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