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Merchants beat bankers in Senate debit card vote
Associated PressMerchants triumphed over bankers in a battle for billions Wednesday as the Senate voted to let the Federal Reserve curb the fees that stores pay financial institutions when a customer swipes a debit card. It was murkier, however, whether the nation's...Tags: Consumer Goods Industries, Banking, Elections, Republican Party, The Home Depot
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As crude prices rise, so does anxiety about commodities and stocks
With oil prices on the rise and consumers paying more than $4 a gallon for gasoline, attention has been fixated on when pump prices might reach $5. Few people have asked whether the oil market is overheated. Until this week. With high oil prices...Tags: Energy Saving, Goldman Sachs, International Monetary Fund, Commodity Markets, Japan
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President Barack Obama to keep Fed chief Ben Bernanke for 2nd term
Washington BureauPresident Barack Obama, praising Federal Reserve Chairman Ben Bernanke for resolute handling of the worst economic crisis in decades, said today that he will nominate the appointee of his Republican predecessor for a second term. Taking a short work-...Tags: Insurance, Mortgages, Timothy Geithner, Economy, Barack Obama
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Obama and Medvedev: Russian revival?
The Swampby Mark Silva It may not be the "reset button'' that Secretary of State Hillary Clinton presented her Russian counterpart earlier this year - a symbol of the need to start over again in relations between the United States and......Tags: The Pope, Armed Forces, United States, Justice System, Economy
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Bernanke, 'bold,' offered anew for Fed
The SwampBy Christi Parsons and Mark Silva OAK BLUFFS, Mass. -- President Barack Obama, praising Federal Reserve Chairman Ben Bernanke for resolute handling of the worst economic crisis in decades, said today that he will nominate the appointee of his Republican.....Tags: Insurance, Parliament, Mortgages, Timothy Geithner, Barack Obama
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Obama nominating Bernanke: New term
The Swampby Jim Puzzanghera and Christi Parsons Federal Reserve Chairman Ben S. Bernanke, a scholar of the Great Depression who moved boldly last fall to prevent another economic catastrophe, will be nominated by President Obama to a second four-year term as......Tags: Parliament, Timothy Geithner, Justice System, Barack Obama, Emergency Planning
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Federal Reserve: Low rates holding
The Swampby Don Lee The Federal Reserve, offering a modestly more optimistic assessment of the economy today, reaffirmed its policy of keeping interest rates at near zero and suggested it could continue to spur economic activity without triggering inflation. The...Tags: Bonds, Money and Monetary Policy, Don Lee, Federal Reserve, Inflation and Deflation
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Feds throw AIG $85 billion lifeline
The Swampby Frank James Talk about throwing a head fake. Less than 24 hours after the feds appeared to be signaling to a waiting world that they had, at least for the rest of this week, sworn off any more Wall......Tags: Insurance, Lehman Brothers Holdings Inc., Fannie Mae, Economy, Barack Obama
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Obama, McCain: Cautious in econ-crisis
The Swampby Mark Silva Count both Barack Obama and John McCain, the candidates for president, as avowedly cautious in the face of the $700 billion bailout that the Bush administration proposes for banks and other financial institutions holding bad mortgage debts.....Tags: Fannie Mae, Bill Clinton, Barack Obama, Privatization, Corporate Officers
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Wall St feels tightening fed grip
The Swampby Frank James The not-so-invisible-hand of Washington reached out on Sunday and snatched the last two remaining big Wall Street investment banking firms into the world of increased federal regulation with the announcement that Morgan Stanley and...Tags: Bank of New York Company, Companies and Corporations, Goldman Sachs, Morgan Stanley Dean Witter & Company, Federal Reserve
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Bailout: 110-page rescue: 'Now the votes'
The Swampby Mark Silva and updated at 8:30 pm The 110-page bailout - the one offering the nation's "clogged'' financial markets a $350-billion purchase of bad mortgage debt and then another $350 billion if Congress buys it again - is ready......Tags: Parliament, Mortgages, Securities, Budgets and Budgeting, John A. Boehner
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Money's cheaper but trust is still a bust
The Swampby Frank James Federal Reserve Chairman Ben Bernanke hinted yesterday in a speech he gave to business economists that the central bank was disposed to another interest-rate cut because of the economy's weakness. We didn't have long to wait.......Tags: Ben Bernanke, Financial Markets, Money and Monetary Policy, Federal Reserve, Inflation and Deflation
Jun 9, 2011
|Story| Associated Press
Apr 13, 2011
|Column| Chicago Tribune
Aug 25, 2009
|Story| Chicago Tribune
Jul 6, 2009
|Blog| Chicago Tribune
Aug 25, 2009
|Blog| Chicago Tribune
Aug 25, 2009
|Blog| Chicago Tribune
Jun 24, 2009
|Blog| Chicago Tribune
Sep 17, 2008
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Sep 22, 2008
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Sep 22, 2008
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Sep 29, 2008
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Oct 8, 2008
|Blog| Chicago Tribune