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Thursday, December 4th, 2008

Cortlandt Manor New York

Cortlandt Manor New York residents can learn how to consolidate debts, cut payments by up to fifty percent and get out from under their debts fast. Our debt counselors will assist you to consolidate your credit card debt easily and painlessly. Are you ready start enjoying life again?

We are confident that with our debt experience and your dedication, your Cortlandt Manor NY debt problems will be solved and we can lead you on the path to debt free living.


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Related Debt News for our Cortlandt Manor NY visitors



Fed officials say not running out of policy tools (Reuters)

Federal Reserve Bank Chairman Ben Bernanke addresses a home ownership and mortgage issues conference at the Federal Reserve in Washington, December 4, 2008. (Jonathan Ernst/Reuters)Reuters - The year-long U.S. recession has taken a turn for the worse recently, two top Federal Reserve policy-makers said on Thursday, raising expectations for aggressive policy action by the central bank as soon as next week.


 
Europeans cut interest rates sharply to fight crisis (Reuters)

European Central Bank (ECB) President Jean-Claude Trichet (L) and Belgium's National Bank Governor Guy Quaden arrive for a news conference at the end of an ECB Governors Council meeting in Brussels, December 4, 2008. (Eric Vidal/Reuters)Reuters - Central banks in Europe slashed their benchmark interest rates by record amounts on Thursday to fight the global economic crisis, while U.S. automakers pleaded for a bailout to avoid collapse.


 
Bernanke: more action needed to cut foreclosures (AP)

Attendees listen to Federal Reserve Bank Chairman Ben Bernanke address a home ownership and mortgage issues conference at the Federal Reserve in Washington, December 4, 2008. (Jonathan Ernst/Reuters)AP - Federal Reserve Chairman Ben Bernanke called on the government Thursday to ramp up efforts to stem soaring home foreclosures, which are feeding into the country's deep economic troubles.


 
Bernanke wants more action to curb foreclosures (AP)

In this April 24, 2008 file photo, the logo of Swiss bank Credit Suisse is seen in Zurich, Switzerland. Credit Suisse Group said Thursday, Dec. 4, 2008 it is cutting 5,300 jobs, about 11 percent of its global work force, in a bid to reduce costs and take its business back into the black. Jobs will be lost in all parts of the world, said spokesman Marc Dosch, including in New York, London and Switzerland. (AP Photo/Keystone, Alessandro Della Bella, file)AP - Federal Reserve Chairman Ben Bernanke pleaded Thursday for more government action to relieve the foreclosure crisis and break a vicious cycle in which the housing meltdown is plunging the country deeper into recession.


 
Jobless rolls at 26-year peak, factory orders drop (Reuters)

A storefront available for lease in the Back Bay neighborhood of Boston, November 28, 2008. (Brian Snyder/Reuters)Reuters - The number of U.S. workers collecting jobless benefits hit a 26-year high last month, data showed on Thursday, and it may head higher as a deepening economic slump forces a broad spectrum of firms to cut jobs.


 
AT&T, others slash jobs as aid hits 26-year high (AFP)

Pedestrian walk by the AT&T Corporate Center in Chicago, Illinois. Major US companies like AT&T and DuPont unleashed a new wave of layoffs Thursday amid a deepening recession that has swollen government unemployment aid to a 26-year high.(AFP/Getty Images/Scott Olson)AFP - Major US companies like AT&T and DuPont unleashed a new wave of layoffs Thursday amid a deepening recession that has swollen government unemployment aid to a 26-year high.


 
Banks borrow less, investment firms borrow more (AP)

Attendees listen to Federal Reserve Bank Chairman Ben Bernanke address a home ownership and mortgage issues conference at the Federal Reserve in Washington, December 4, 2008. (Jonathan Ernst/Reuters)AP - Commercial banks borrowed slightly less from the Federal Reserve's emergency lending program over the past week, while investment firms stepped up their loans.


 
Layoffs spread, CEOs see more pain ahead (Reuters)

Pedestrian walk by the AT&T Corporate Center in Chicago, Illinois. Major US companies like AT&T and DuPont unleashed a new wave of layoffs Thursday amid a deepening recession that has swollen government unemployment aid to a 26-year high.(AFP/Getty Images/Scott Olson)Reuters - Fear of a deepening recession is spreading throughout corner offices across corporate America, prompting chief executives in all sectors to slash thousands of jobs as they scramble to find ways for their companies to survive the worst economic crisis since the Great Depression.


 
Mortgage rates post largest drop in 27 years (Reuters)
Reuters - Interest rates on U.S. 30-year fixed-rate mortgages plummeted by the largest amount in 27 years this week after an unprecedented intervention by the Federal Reserve, data from home funding company Freddie Mac showed on Thursday.
 
Bernanke urges action to halt foreclosures (Reuters)

Carmen Fernandez (R) and others rally to ask state lawmakers to stop home foreclosures and help modify loans at the State Capitol in Sacramento, November 25, 2008. (Max Whittaker/Reuters)Reuters - Federal Reserve Chairman Ben Bernanke on Thursday urged more aggressive steps to halt home foreclosures and said government-funded programs could help strapped homeowners.


 
AT&T cuts 12,000 jobs (Reuters)

The AT and T logo in an undated photo. AT and T said on Thursday it would eliminate 12,000 jobs, about 4 percent of its workforce, as it joins a raft of corporations trying to slash costs in the face of the economic downturn. (Handout/Reuters)Reuters - Top U.S. phone company AT&T Inc said it will eliminate 12,000 jobs, or about 4 percent of its workforce, in a fresh wave of cuts to cope with an economic downturn that has exacerbated a decline in traditional phone sales.


 
Viacom cuts 850 jobs, freezes executive pay (AFP)

US entertainment conglomerate Viacom announced on Thursday that it was slashing seven percent of its workforce, or 850 jobs, and freezing senior executive pay because of the worldwide economic slowdown.(Viacom)AFP - US entertainment conglomerate Viacom announced on Thursday that it was slashing seven percent of its workforce, or 850 jobs, and freezing senior executive pay because of the worldwide economic slowdown.


 
Football fans eat fewer wings in slow economy (Reuters)
Reuters - Chicken wings go with football much like hot dogs go with baseball or pizza with beer, but this year gridiron fans are eating fewer wings at sports bars and watering holes and chicken company Sanderson Farms Inc has noticed.
 
US targets sanctions at accused German terrorists (AP)
AP - The United States announced economic sanctions Thursday targeted at three men accused by Germany of being members of an al-Qaida-linked group.
 
New jobless claims drop unexpectedly (AP)

Chart shows new factory orders in billions of dollars; 1 c x 2 3/8 in; 46.5 mm x 60.325 mmAP - New claims for jobless benefits fell unexpectedly last week but the number of people continuing to receive government aid reached a 26-year high and large companies announced more job cuts Thursday.


 
EU: Falling investment shrank euro economy in 3Q (AP)
AP - A sharp drop in investment forced the euro-zone economy to contract in the third quarter, the EU statistics agency Eurostat said Thursday.
 
China tells US to get economy in order (AP)

A shop clerk counts money at a shop Wednesday, Dec. 3, 2008, in Shanghai China. A recent decline in the Chinese currency's value against the U.S. dollar after months of hovering in a narrow range is threatening to bring the long-simmering issue to full boil as U.S.-China economic talks get under way in Beijing. (AP Photo)AP - China promised more currency reform to ease trade tensions but told Washington to get its own economy in order as the two sides opened high-level economic talks Thursday amid a global financial crisis.


 
Starbucks to miss first quarter view, cut more costs (Reuters)

Commuters walk past a closed Starbucks coffee store in central Sydney in this July 29, 2008 file photo. (Daniel Munoz/Reuters)Reuters - Starbucks Corp , whose sales are slowing as U.S. consumers buy fewer premium coffee drinks, said on Thursday it does not expect to meet Wall Street estimates for the current quarter and would double its cost cuts for the full year.


 
Treasury eyes more capital for banks, others (AFP)

Neel Kashkari (R), Interim Assistant Treasury Secretary for Financial Stability, speaks during a hearing on Capitol Hill in November 2008 in Washington, DC. The US Treasury is studying the possibility of more capital injections into financial institutions to help break a credit logjam, a senior official said Thursday.(AFP/Getty Images/File/Brendan Smialowski)AFP - The US Treasury is studying the possibility of more capital injections into financial institutions to help break a credit logjam, a senior official said Thursday.


 
US, China vow economic teamwork amid currency tensions (AFP)

A chart showing the major foreign holders of US government bonds. China and the United States vowed Thursday at a top-level meeting in Beijing to cooperate in tackling the global economic crisis, even as they sparred over Chinese exchange rate reform.(AFP/Graphic)AFP - China and the United States vowed Thursday at a top-level meeting in Beijing to cooperate in tackling the global economic crisis, even as they sparred over Chinese exchange rate reform.


 

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