Mortgage and Financial News From 2008-1-5 Page 52

Previous Day: 2008-01-04

Jobless rate hits 5 percent, a 2-year high, fanning recession fears (The Globe Gazette)
WASHINGTON (AP) — Wary employers clamped down on hiring and pushed the unemployment rate to a two-year high of 5 percent in December, an ominous sign that the economy may slide into recession. President Bush explored a rescue package, including a tax cut, with his economic advisers.
2008-01-04 10:38:29
Quinceanera: A lavish rite of passage incorporates life lessons for teens (The Globe Gazette)
On the day she is to become a woman, Monica Reyes sits in front of the church for Mass. Her white dress — sewn in her mother’s Mexican hometown — spills over her chair.
2008-01-04 10:46:10
Experts predict 2008 will bring end to dollar's dive - Feature (EARTHtimes.org)
Washington - An increase in exports was one of a few rays of hope last year for the US economy, which was saddled by the subprime mortgage crisis and ensuing turmoil in credit markets. The value of US goods sold outside the country increased by doubl...
2008-01-04 11:06:53
Unemployment Sounds Warning About Economy (NYTimes.com via Yahoo! Finance)
Economists viewed a surge in unemployment as the most powerful sign to date of a possible recessionary downturn.
2008-01-04 11:40:18
Credit crisis fixes raise own dangers (Milwaukee Journal Sentinel)
Washington - After a slow and stumbling start, official Washington is scrambling to try to prevent the unfolding...
2008-01-04 11:45:09

Jobless rate hits 5 percent, a 2-year high, fanning recession fears (The Globe Gazette)