Dodd outlines new powers to avert another economic crash
Senate Banking Committee Chairman Christopher Dodd calls for sweeping government powers to prevent a repeat crisis. His 1,100 page draft would strip the Fed of bank regulation, shift duties to a single agency, and create a Consumer Financial Protection Agency to curb predatory lending and hidden rate hikes.
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D.C
Senate Banking Committee
Christopher Dodd
Dodd
Federal Reserve
Fed
Consumer Financial Protection Agency
Connecticut
Democrat
Associated Press
Barack Obama
Congress
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House
Barney Frank
House Financial Services Committee
Frank
Financial Stability
Senate
Obama housing plan reaches one fifth of eligible borrowers
The Treasury says over 650000 homeowners have enrolled in trials under the Making Home Affordable program, about 20 percent of eligible borrowers. Since March nearly 920000 modification offers have been sent to over 3.2 million homeowners, with California Arizona Nevada showing higher uptake and Florida lagging. Officials push lenders to boost performance as economists doubt reaching 3 to 4 million borrowers in three years.
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Washington, D.C
Treasury Department
California
Barack Obama
Michael Barr
Treasury
Arizona
Nevada
Florida
Obama
FedEx predicts peak shipping day amid holiday demand
FedEx expects 13 million packages on December 14, its busiest day this year, up over 8 percent from last year. The forecast cites improving economy, higher home and retail sales, and a USPS partnership. The firm will hire thousands of seasonal workers across Ground and Express units as it eyes robust peak-season volume.
MENTIONED IN THIS ARTICLE
New York
FedEx
Memphis
U.S
FedEx Corp
Mike Glenn
Glenn
United Parcel Service Inc
FedEx Express
UPS
Norman Black
Atlanta
U.S. Postal Service
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Charles Schumer
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Aiken
Jason Redd
Barnwell Avenue
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Jasonreddfinancialservices.com
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Finkn
H Becking
Aiken Collision Inc
Bud Parker
Richland Ave. E
Aikencollision.com
Pat Roberts
Prudential Woodside Realty
Aikense
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Millbrook Ave
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Richland Avenue - Aiken
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Securitist Trust
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