Word: reporter
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...Consumers have lost access to credit. The fact that mortgage rates have dropped does not even begin to offset that. Qualifying for a mortgage is harder than ever. Banks have reason to be cautious. One of the large credit bureaus just released a report that says 4.7% of payments for bank-issued credit cards were late sixty days or more in March, an increase of 38% over the same month last year. According to Reuters, "In March, lenders closed 20 million card accounts, sending the total down by 58 million since the peak in July 2008 to 380 million." Banks...
...Joint Economic Committee on Tuesday. That means unemployment will keep rising even after the economy has stopped shrinking. And if unemployment keeps rising, consumer spending won't rebound strongly, bank-loan losses will keep rising and a recessionary relapse isn't out of the question. The next monthly employment report, due Friday, is expected to show continued heavy job losses. So no signs of a reprieve from that quarter...
...recent report analyst Mary Ann Bartels of Bank of America/Merrill Lynch told clients she thinks the current rally is being driven by outright buying, and not just by short sellers closing out their positions which involves a stock purchase. "The market rally can continue," she says...
...annual Dean’s report with the financial data of FAS for the fiscal year ending July 2008 was supposed to come out this spring, but Smith said he will delay its release until the beginning of the next academic year. The upcoming report will outline FAS finance information for the most current fiscal year as well...
...yesterday’s meeting, Computer Science Professor Margo I. Seltzer solicited questions and comments from the Faculty regarding the most recent version of the self-study report required for the University’s review for reaccreditation in October...