Word: havener
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...year-old chef from Ilford, a gritty commuter suburb 9 miles (14.5 km) northeast of central London, withdrew all her savings and closed her account, as did several other customers. "They say it's going down. I've been hearing it on the radio," Patel fretted. "I haven't got a great amount of money, but the little bit I have is enough to make it scary...
...greater Bostonians, please spare us any more soppy, self-pitying salutes to Pesky, Yaz and Teddy Ballgame.) As another October arrives, there's only one baseball team yet to shed its truly historic loser label. Sure, the Cleveland Indians have been championship-starved since 1948. But when you haven't won a title in, literally, a century, like those lovable, laughable Chicago Cubbies, a 60-year losing streak seems like just a few bad days at the office. "I defy anybody to say that there has ever been a team who will be a more sentimental favorite on the American...
Ohio Marcy Kaptur, Democratic Congresswoman from Toledo, says the crisis "is as big as it gets. I haven't seen this kind of reaction from constituents since the [savings and loan] crisis of the 1980s. I am getting thousands of letters, phone calls, e-mails and faxes. A handful of them support some kind of bailout. But the overwhelming majority is against it." She cites one letter as representative of the bile poured forth against the bailout: "I live on $23,000 a year. Why should I be asked to bail out a bunch of overpaid greedy heads of companies...
While Congress bickers over how to fix the financial meltdown, there's a decent chance you haven't even felt it. Why, you may be asking yourself, does everyone think there's such a big a problem when you're still being offered credit cards in the mail and 0% financing at the car dealership? Maybe you used to bank with Washington Mutual or Wachovia and overnight you've become a Chase or Wells Fargo customer, but if your money's still there, why does the rest matter...
...that worried - if they really needed cash, wouldn't they up their rates to attract more money? Well, over the same period of time, the federal funds rate has been cut from 5.25% to 2% - a much wider margin. "Banks are hungry for deposits, and that's why yields haven't fallen all that much," says Bankrate's McBride. And CD yields are now on the rise...