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   Mon, October 13, 2008     WEB ONLY: RSS | Email Alerts | Multimedia | Columns | Blogs | Forums | Wireless
Economy
Stocks tumble after late sell-off
Top Story
Stocks tumble after late sell-off

Stocks plunged Thursday, sending the Dow Jones industrial average down 679 points -- more than 7 percent -- to its lowest level in five years. Stocks took a nosedive after a major credit-rating agency said it might cut its rating on General Motors and Ford, further rattling investors already fretting over the impact of tight credit on the economy.

The Standard & Poor's 500 index also fell more than 7 percent.

The declines came on the one-year anniversary of the closing highs of the Dow and the S&P.

Story by AP/Photo by Associated Press

The Insider - Citizen Blog
Steve Pilloff


Not Likely: Another Great Depression
  HEADLINES
Economy : Franchot proposes panel to advise state on budget
Originally published on October 10, 2008

With the state facing a $432 million deficit, and the national economy in crisis, Comptroller Peter Franchot said Thursday he wants to create a blue ribbon panel of business leaders to guide Maryland's budget decisions. more »



Economy : FCC professor publishes book to teach college students personal finance
Originally published on October 10, 2008

Credit card companies enticed Bill Pratt when he was a teenager. He found himself carrying three pieces of plastic before he graduated from college. more »



Economy : Small business expert speaks to local merchants
Originally published on October 09, 2008

Small businesses usually face concerns about the impact of big box stores on sales. more »



Economy : CPA, financial planner answer questions on financial meltdown
Originally published on October 09, 2008

The Dow Jones plunged this week on news that a $700 billion government bailout had been signed into law, leaving many investors, retirees especially, uncertain about what's coming next. more »



Economy : Retirement savings take a hit
Originally published on October 09, 2008

Stan Hill (left) completes shopping at Dollar Tree store Tuesday. Hill has lost close to $100,000 from his retirement savings in recent weeks. more »



Economy : Stocks fluctuate despite emergency rate cut
Originally published on October 08, 2008

NEW YORK— Wall Street extended its huge decline today as an emergency interest rate cut failed to alleviate investors’ fears that the paralysis in the credit markets will set off a global recession. more »



  MORE HEADLINES
  • Fed to buy massive amounts of short-term debt
  • Retailers report weak September sales
  • Energy Department warns of higher heating costs
  • RESCUE PLAN DISAPPOINTMENT CONTRIBUTES TO SELL-OFF
  • When hard times hit, what should you tell your kids?
  • Good weather, bad economy make for mixed festival reviews
  • Counselors busy helping increased number of job seekers
  • Congress OKs historic bill, Bush signs it
  • Expert to speak on economy at FCC
  •   NATIONAL HEADLINES
      BIZ BLOG
    Economy: “Damage is just beginning”
    Originally published on October 07, 2008

    If things were bad for states’ economies already, they’re only going to get worse. more »

      FUNKEY MONEY BLOG
    Weddings and Financial Advice
    Originally published on October 09, 2008

    Whats is on people's minds at a family wedding? more »

      HOW TO BLOG: MONEY-SAVING TIPS
  • Weatherproof your home for savings
  • Shop organically, on the cheap
  • Do-it-yourself car maintenance
  • Save bucks at the bar, brew your own beer
  •   MORTGAGE/REAL ESTATE PANEL
    Mortgage/Real Estate Panel Adam Avery of AA Mortgage Group and Washington Title and Chris Sipe of America East Mortgage are taking your questions. Avery has 15 years experience in mortgage brokering/banking, home improvement sales/finance, real estate sales, and title and escrow issues. Sipe has been a mortgage consultant for nearly six years and specializes in residential mortgage lending and mortgage planning.
      Finances, Taxes, & More
    Christopher Younger: Finances, Taxes, & More
    Got your 'trust fund' taxes in line?
    Published on October 01, 2008
    During recent congressional hearings regarding IRS tax collection efforts, a top IRS official promised Congress that the agency "will do better" in collecting more »



      MONEY PANEL more »  
      HOUSING CRISIS
  • Realtor says banks can help cut foreclosures
  • Bush signs housing bill to provide mortgage relief
  • US foreclosure filings more than double in 2Q
  • Housing rescue on track to pass Senate by Saturday
  • Washington, Wall St. weigh Fannie, Freddie help
  • Foreclosures to rise whoever wins White House
  • Housing industry shows signs of slowly bouncing back from slump
  • Foreclosure forum aimed at helping Homeowners
  • How and where to get help
  • Foreclosure: Taking a wider look
  • Bargain bus offers tours of foreclosed homes
  • Tips on buying a new or foreclosed home
  • Deputies notice rise in evictions and foreclosures
  • Commercial real estate market ‘cautious’
  • Signs of trouble
  • Comptroller: state efforts to stem
  • Foreclosure: A far-reaching problem
  • Officials seek to help foreclosure victims
  • Getting hit from all sides
  • Budgeting measures may protect county from foreclosure trouble
  • Borrowers' euphoria clouded subprime risks
  •   FREDERICKHOMEFINDER.COM








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