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Debt Consolidation & Rhode Island Credit Counseling

Thursday, December 4th, 2008

Warwick Rhode Island

Our certified counselors offer debt consolidation services for residents of Warwick Rhode Island. Debt consolidation helps to ease the stress of everyday life by combining all unsecured debt into one monthly payment. The one monthly payment is then distributed to each creditor to avoid late fees and higher interest rates.

For RI residents, debt consolidation and credit consolidation is a safe and effective way in becoming debt free.


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FREE Warwick Rhode Island Debt Consultations

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Related Debt News for our Warwick RI visitors



Layoffs spread, CEOs see more pain ahead (Reuters)
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.


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

US telecommunications giant AT&T announced it was cutting 12,000 jobs due to an economic downturn. Telecommunications giant AT&T and other major US companies unleashed a new wave of layoffs Thursday amid a deepening recession that saw government unemployment aid swell to a 26-year high.(AFP/Paul J. Richards)AFP - Telecommunications giant AT&T and other major US companies unleashed a new wave of layoffs Thursday amid a deepening recession that saw government unemployment aid swell to a 26-year high.


 
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.
 
Bernanke: more action needed to cut foreclosures (AP)

US Federal Reserve Bank Chairman Ben Bernanke pauses during remarks to a home ownership and mortgage issues conference at the Federal Reserve in Washington, December 4, 2008.  REUTERS/Jonathan Ernst   (UNITED STATES)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.


 
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.


 
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 on jobless benefits rolls 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.


 
Starbucks to cut more costs in tough economy (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 said on Thursday it would take new steps to save on costs and keep its fundamental strategy unchanged despite a U.S. recession, sending the coffee shop operator's shares up 8 percent.


 
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.


 
Europeans make big rate cuts to fight recession (Reuters)

A job seeker visits the ASSEDIC (jobless insurance) agency booth in Marseille, December 2, 2008. (Jean-Paul Pelissier/Reuters)Reuters - The European Central Bank, Britain and Sweden all made big cuts in interest rates on Thursday to shore up economies across Europe in the face of ever-bleaker financial news.


 
Treasury weighs plan to rescue housing sector: report (AFP)

The Department of the Treasury is seen in Washington, DC October 22, 2008. The US Treasury Department is considering a plan designed to push down interest rates for home loans in a bid to revive the country's troubled housing sector, newspapers reported Thursday.(AFP/File/Karen Bleier)AFP - The US Treasury Department is considering a plan designed to push down interest rates for home loans in a bid to revive the country's troubled housing sector, newspapers reported Thursday.


 
Automakers face skeptical senators on aid plan (AP)

Auto executives, from left, General Motors Chief Executive Officer Richard Wagoner, UAW President Ron Gettelfinger,  Ford Chief Executive Officer Alan Mulally, and Chrysler Chief Executive Officer Robert Nardelli testify on Capitol Hill in Washington, Thursday, Dec. 4, 2008, before a Senate Banking Committee hearing on the auto industry bailout.  (AP Photo/Gerald Herbert)AP - U.S. automakers drew fresh skepticism from lawmakers Thursday in a rocky confrontation over their pleas for an expanded $34 billion rescue package they say they need to survive. Congressional analysts said one bailout plan under consideration would fall short of what the carmakers want.


 
US telecom giant AT&T cuts 12,000 jobs (AFP)

US telecommunications giant AT&T announced it was cutting 12,000 jobs due to an economic downturn. Telecommunications giant AT&T and other major US companies unleashed a new wave of layoffs Thursday amid a deepening recession that saw government unemployment aid swell to a 26-year high.(AFP/Paul J. Richards)AFP - US telecommunications giant AT&T announced Thursday it was cutting 12,000 jobs and slashing capital spending due to an economic downturn.


 

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