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Consumer Watch: Mad as hell, consumers dump credit cards (Market Watch)
Posted: October 7th, 2009, 5:30pm EDT
Consumers slash borrowing at a faster-than-expected pace in August for the seventh straight month, underscoring not only their tough economic plight but also their bubbling outrage at banks and credit-card issuers. -
Consumer Credit Keeps Shrinking (Forbes)
Posted: October 7th, 2009, 5:11pm EDT
Cash for clunkers couldn't keep the amout of outstanding credit from falling below expectations. -
Surge in baby-boomer credit defaults (Timaru Herald)
Posted: October 7th, 2009, 11:36am EDT
Baby boomers getting credit to buy big screen plasma televisions and furniture are running up many more bad debts than a year ago. -
Surge in baby-boomer credit defaults (Stuff)
Posted: October 7th, 2009, 11:01am EDT
Baby boomers getting credit to buy big screen plasma televisions and furniture are running up many more bad debts than a year ago. For baby boomers, aged 44 to 62, credit defaults surged by 19.4 per cent for the year to September, according to Veda Advantage. -
Bad Axe bill payers to get refund (Huron Daily Tribune)
Posted: October 7th, 2009, 10:25am EDT
BAD AXE — Call it a mini-stimulus, if you will. Bad Axe bill payers can expect to see a bit of credit on the November sewer and water bills, which are due Dec. 9. -
Support Builds for Tax Credit to Help Hiring (New York Times)
Posted: October 7th, 2009, 7:57am EDT
The idea of a tax credit for companies that create new jobs, which the federal government has not tried since the 1970s, is gaining support among economists and Washington officials.