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Credit Crunch Video and Articles
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IEA Cuts 2012 Oil Demand Forecast
18 Jan 2012
…down 0.3 million barrels a day in [the fourth quarter of 2011], its first such drop since the tail end of the credit crunch," the IEA said in its monthly oil market report. The significantly lower starting point led the IEA to reduce its… ...
US Stocks Rally as Central Banks Unite
30 Nov 2011
…early trading after major central banks acted to avert a credit crunch. The central banks of Europe, the U.S., Britain…
…that a European country would default, touching off a credit crunch similar to what followed the 2008 collapse of Lehman…
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29 Apr 2011
Five US banks in Michigan, Georgia and Florida were closed by regulators Friday, bringing the total number of bank failures for the year so far to 39, as the credit crunch continues to take a toll on financial institutions. ...
Credit Crunch Boosts Microlending In US
26 Sep 2010
The recession led to a rise in microlending in the U.S. as people continued to look for new ways to access credit, The Wall Street Journal reported Sunday. ...
Hertz to Acquire Dollar Thrifty
26 Apr 2010
…much of last year under the weight of slashed travel budgets, falling used-car prices, large debt loads and the credit crunch. Car rental demand started showing signs of life late last year, and the industry was able to raise rental rates… ...
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Tens of Thousands of Jobs Lost
By 9am on Monday, 45,000 jobs across were gone. Home Depot, IBM and Sprint/Nextel were just a handful of companies slashing their workforce. FOX25's Keba Arnold has the latest.
“…only option they have to deal of dropping sales and a worsening credit crunch. . Tennessee based caterpillar laying off the most with 20000 jobs being cut. Harley-Davidson 11000. Sprint Nextel cutting 8000 jobs General Motors also …”
Better Economic Outlook for 2009?
2008 wasn't pretty as far as the economy was concerned. Will things get any better in 2009? FOX25's Mark Ockerbloom spoke with Mike Goodman, Director of Economic and Public Policy Research at UMass Donahue Institute.
“…that housing bubbles still. And between that the job losses -- the credit crunch I think we've got series of challenging situations you that the enemy 2009 in all likelihood a very difficult president asking about …”
As the big 3 automakers make their pitch for a federal bailout, there is nervousness about the fate of the industry. Those nerves could be felt a bit at the New England International Auto Show. FOX25's Martin Morenz reports.
“…not only due to slow car sales but also due to the credit crunch the problem is GMAC and some of the other lenders to raise the standard that now you have to have a credit …”
Monday Morning Quarterbacks: Gas Prices, Red Sox
With no relief in sight, gas prices continue to rise. The Monday Morning Quarterbacks shed some light on what needs to be done to help. Oh, and they take credit for the Red Sox leading the league.
“…And -- many thought we've been through this by now but the credit crunch is still far from over and still a major problem here. …”
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