$700B bailout passes
After two weeks of contentious and often emotional debate, the federal government’s far-reaching and historic plan to bail out the nation’s financial system was on the verge of enactment Friday afternoon.
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Senate takes stab at ’sweeter’ bailout plan
The Senate today tries to resuscitate the $700 billion financial rescue plan — two days after the House killed it. The Senate votes this evening on a modified bill that adds sweeteners for House Republicans who shot down the measure. The sweeteners include tax cuts, Alternative Minimum Tax relief and raising the FDIC insurance cap [...]
Five Shocking Paychecks
Are you making what you’re worth? Even in a tight economy, some workers are taking home more money than their job titles might reveal. Here’s a look at five careers that come with surprising salaries–and what you need to do to land one.
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50 Most Powerful Women
Talk about drama! Our 11th annual list is dominated by firsts (first woman to run a major U.S. oil company), superlatives (youngest honoree ever) and notable departures (Citi’s Sallie Krawcheck steps down as the most watched woman on Wall Street).
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15 jobs that pay $50,000 — and might be hiring
Receiving a paycheck is always nice. Even if you don’t love your job or you think you deserve more money, making a deposit in your checking account feels good.
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WaMu becomes biggest bank to fail in US history
As the debate over a $700 billion bank bailout rages on in Washington, one of the nation’s largest banks — Washington Mutual Inc. — has collapsed under the weight of its enormous bad bets on the mortgage market.
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Ex-bankers on pushing customers to rack up debt
As an account manager for credit card giant MBNA, Cate Colombo spent four years speaking to customers, answering questions about interest rates and waiving late fees.
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Gov’t rushing to finish huge financial rescue plan
The Bush administration sketched out a multi-faceted effort on Friday to confront the worst U.S. financial crisis in decades, outlining a program that could cost taxpayers hundreds of billions of dollars to buy up bad mortgages and other toxic debt that has unhinged Wall Street.
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What rescue means for mortgage rates
Mortgage applicants rejoice!
Sunday’s federal takeover of Fannie Mae and Freddie Mac will likely translate into lower mortgage rates and greater availability of credit, experts said. Rates could drop by 1 percentage point from the stubbornly-high 6.39% for a 30-year fixed rate mortgage.
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Jobless rate soars to 6.1%
Unemployment surges to 5-year high as employers cut workers for eighth straight month, bringing ‘08 job losses to 605,000.
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